In the United States Of America, Geico is the second-largest auto insurer, and this means that if you find yourself in a car accident and the other driver is insured with the Geico company, then there are some important things we would like you to know that would help with negotiating a settlement with Geico.
The first thing that you should know is that the company is mostly interested in making profits, and the way insurance companies get to make a profit is through the payment of fewer claims than what they receive in premiums. What this means is they would pay you a lesser amount than what they feel you should get.
Negotiating A Settlement With Geico
If you want to be successful in your negotiations with Geico, you should pay attention to what we would tell you here and get you prepared for your coming negotiations. The first thing that you must learn is how to file a claim.
How To File A Claim
Contacting Geico directly after an accident is what you should do when you want to file a claim. This must be done as soon as possible, and after contacting Geico directly, the next step they would take is to assign a claims adjuster to you. Claims adjusters are insurance agents who decide and assess what should be paid to a person who has made claims as compensation.
The Geico claims adjuster is going to get some information on the accident through several means, and these means includes;
- witness or passenger statements
- medical records or bills
- police reports
- repair estimates
- photos from the scene of the accident
- Anything anyone tells them
You should know that a claims adjuster gathers this information based on what you say so they can be able to cut down on the amount of money that should be paid to you. It would help if you had at the back of your mind that Geico is a company that is in the business of making more money.
Negotiating With A Claim Adjuster
When negotiating with a claims adjuster, the crucial step is understanding and preparing for any negotiation process. Since Geico claims adjusters are very experienced in this field, getting used and prepared for the process before time is paramount to come out successful and with a reasonable outcome.
There are certain steps that you need to follow to get yourself prepared for negotiations with a Geico claims adjuster, and these steps involve;
- Keeping all necessary documents
- Deciding the least amount that you can accept
- Making the first offer
- Having a reasonable counter-offer at the back of your mind
- Contacting a personal attorney for more advice beforehand
Remember that these claims adjusters are very experienced because this is what they specialize in. Also, bear in mind that the negotiation tactic you are coming with might not go your own way but getting help from a personal attorney would go a long way to helping you come out successful with your negotiations.
Getting Help From An Attorney
The best tactics you can adopt before negotiating with a Geico claims adjuster seek help from an attorney. This is also because these attorneys specialize in providing legal advice that would help families and individuals secure that compensation that would mean something to them.
Several attorneys specialize in various fields, so depending on your needs, I am sure you would not have difficulty finding an attorney that would help with your case.