With nearly 150 years in the insurance business, Zurich Insurance Group is sure to know how to protect its interests and those of its insureds. So it is sure to be intimidating to work with a claims agent when you seek a settlement for a worker’s compensation insurance payment, an auto accident, injury claim, slip and fall injury, or a dog bite claim. But the average personal injury victim has no idea there are better ways to handle a settlement process with Zurich Insurance Group.
However, once they receive a low settlement offer from Zurich Insurance Group, they quickly search for information and assistance to ensure they get the compensation that is owed to them for their losses and injuries. If you have recently faced a disappointingly low or even offensive settlement offer from Zurich Insurance Group, you know that frustration and anger are fast to cloud your thoughts. But it is essential to remain cool-headed or take whatever time is needed to restore a calm and level thought process before taking on the staff at Zurich Insurance Group.
Understanding The Insurance Business
Most people have a few kinds of insurance, including a policy on their home, vehicle, and for their healthcare needs. We all know these policies are meant to help us pay expenses when something terrible happens. But what most consumers never consider is how the insurance company remained in business for over a century.
The answer is simply that the company, such as Zurich Insurance Group, takes in more money in premiums than it doles out in settlements. So the low settlement offer you received is not a personal attack meant to offend or be disrespectful. The first offer from most insurance companies, including Zurich Insurance Group, is typically a low offer that will prevent them from losing money.
In addition, Zurich Insurance Group and all insurance companies count on many personal injury victims being desperate for any help they can get. So many accept the low first offer as being better than nothing. They are unaware they have the right to reject the offer and send a letter that includes a counteroffer back to Zurich Insurance Group.
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Drafting The Ideal Response To Zurich Insurance Group
First, it is easy to become emotional and upset when considering a painfully low settlement offer. However, it is essential that you remain polite and professional in all your correspondence with Zurich Insurance Group. If you are not able to refrain from speaking in anger, it is wise to immediately contact Normandie Law Firm to request a free consultation to discuss your case and how this team of legal professionals can work on your behalf to negotiate your settlement with Zurich Insurance Group.
If you are drafting the response yourself, be sure to gather all the supporting documentation you will include to justify your rejection of the current offer and support the counteroffer you are submitting. Some of the documents that can be helpful are medical expenses, documented lost wages, and other costs resulting from your personal injury.
Be sure to clearly state that you are rejecting the offer sent to you in the letter’s opening and then move forward with your counteroffer and justification for it in a clear and professional manner. You can close by offering to discuss the amount you suggested via phone. But do not be surprised if Zurich Insurance Group continues the negotiation process only in writing. And know that this first settlement offer from Zurich Insurance Group is likely to be one of many rounds before you finally reach an agreed-upon amount. Once the letter is submitted to Zurich Insurance Group, it could be weeks before you receive any further communication from them regarding your proposed amount. However, this is relatively common.
Understanding The Potential Reasons For A Low Settlement Offer
As you think about the settlement offer you received and how to work to increase the amount, it is helpful to understand some of the possible reasons for the low amount. Some of the typical reasons you might encounter include:
- The first-tier agent handling the claim can only offer up to a certain dollar amount. This tactic favors the Zurich Insurance Group because they can claim that the victim will need to wait longer to get a higher offer from another claims agent. Many desperate victims will take the low amount to have the money as quickly as possible.
- Again, profits keep the doors open, and the lower the offer, the less it risks a loss for Zurich Insurance Group.
- If the agent from Zurich Insurance Group is using software to create an offer, those systems are typically very low, but they generate offers much more rapidly than a person combing through countless pages of documentation.
- The agent creating the settlement offer does not have all the information about your claim.
- If the low offer is not the initial offer, the reason for the minimal increase could be due to an outburst from the victim over the low first offer. Be sure always to remain polite and professional so you do not anger the agent creating the offer. Remember, they are doing a job and have parameters they must work within. But when you are rude to them, they can go out of their way to keep your offer very low.
What Should I Do If Zurich Insurance Group Refuses To Negotiate?
In most cases, Zurich Insurance Group will negotiate on the settlement offer you received and possibly entertain your counteroffer. If they fail to negotiate at all, it is time to turn the settlement over to the expert staff at Normandie Law Firm to attempt one last time to negotiate the settlement. If this effort fails, you should discuss the possibility of a lawsuit against Zurich Insurance Group with your Normandie Law Firm personal injury lawyer. This could be the best way to secure the funds owed to you from Zurich Insurance Group.
The Choice To Sue Zurich Insurance Group Is Always Yours
As your legal representatives, the lawyers at Normandie Law Firm can only provide their professional advice and opinion when it comes to the decision to sue Zurich Insurance Group. You need to invest the time and decide if you are willing to wait for the lawsuit to move through the court system to get the money owed to you by Zurich Insurance Group. And if you are, then the staff at Normandie Law Firm will explain the process and ask for your permission to move forward with filing a lawsuit against Zurich Insurance Group.
The Benefits Of Working With Normandie Law Firm For Your Zurich Insurance Group Settlement Negotiation Or Lawsuit
Taking on a massive insurance company like Zurich Insurance Group can be intimidating. And it can feel like you are facing an insurmountable obstacle as you deal with countless people who are not vested in helping you or protecting your rights. Once you hire Normandie Law Firm to assist you in your legal matter with Zurich Insurance Group, you have leveled the playing field, so to speak.
Now you have an entire team of dedicated professionals who are working to ensure that your rights are protected, and you receive the full and fair compensation you deserve. Our team has decades of combined experience and expertise in negotiating with substantial insurance companies like Zurich Insurance Group and successfully securing fair settlements. We use the latest technology, years of compiled documentation, and examples of previous payments to justify the amount you deserve.
Finally, with the stress of negotiations off your shoulders, you can focus on healing and rebuilding your life. While this sounds mundane, it has significant value when facing a lengthy recovery period. You and your loved ones will all benefit from your stress reduction and overall improved quality of life when you are not consumed with fighting a financial battle with Zurich Insurance Group.
The Normandie Law Firm Zero Fee Guarantee
Many personal injury victims worry they cannot afford the assistance they need from Normandie Law Firm to work on their Zurich Insurance Group settlement. However, thanks to our zero fee policy, you never need to be concerned with upfront payments for our legal services. Instead, we are paid by the business or person trying to take advantage of you. In this case, Zurich Insurance Group would pay the fees for your legal representation by Normandie Law Firm when we win your case against them. And if we fail to win the case, you owe us nothing.
So please never resign yourself to accepting a low settlement offer from Zurich Insurance Group. If you deserve more than the initial offer they sent you, don’t hesitate to get in touch with Normandie Law Firm today. Our expert personal injury lawyers will discuss your case with you at a free consultation to determine if hiring our firm to negotiate the settlement or to handle a lawsuit against Zurich Insurance Group is the best solution for your immediate and long-term needs and future financial stability.
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