5 Easy Steps to Do-it-yourself Settlement

Step 5: Present and Settle Claim

Presenting and settling your insurance claim is a six-stage process. First, however, is a prerequisite that is generally the most time-consuming part of this process. SettlementCentral.Com instructs our subscribing members on how to organize your documents according to the eight categories necessary for the demand letter:

  • Background (your personal background, including marital status, work and physical condition)
  • Prior injuries (your prior injuries and/or prior accidents, medical treatment, cure and present condition)
  • Facts of accident (what happened and liability - mention percentage of fault, if applicable)
  • Medical/therapeutic treatment (your course of medical treatment, including dates, services rendered and doctor's written opinions)
  • Wage loss claim (your necessary time off work, including documentation of medical/therapeutic approval or necessity)
  • Special damages (list all Special damages, such as wage loss, medical/therapeutic costs, transportation costs for medical treatments, cost of neck brace, mouth guard or other appliances)
  • Pain and suffering in daily life (specific references to what you can and cannot do because of the injury)
  • Evaluation (your evaluation of the insurance claim in terms of both the liability and the damages, including your valuation of the entire claim and, thus, your demand for payment)

Once the demand letter is written, you can proceed to present and settle your claim. You can expect to go through the following stages leading to a successful insurance settlement:
Submit your demand letter to the insurance adjuster.

  • Hear back from the adjuster, and possibly talk with her about her concerns (although it's best to get these concerns in writing).
  • Prepare additional information that you held back when preparing your demand letter and send off your Second Salvo LetterGo to ANOTHER ARROW FROM MY QUIVER, AKA A SECOND SALVO LETTER
  • Hear back from the insurance adjuster and settle the claim.
  • Ask your own insurance company for a reduction in subrogation to compensate you for your efforts in collecting what is due to them.

Discuss distribution of the subrogation claim funds with the adjuster, then sign and return the release.
After you receive the check and deposit it, then - and only then - can you safely discuss how your well-deserved settlement money will improve your life.