What to Expect in a Car Accident Injury Settlement with GEICO Insurance | Fort Collins Injury Lawyers
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Car accidents can happen at a moment’s notice. Whether you are on your daily commute or heading up to the mountains for the weekend, there is always a chance you may be involved in an accident. Although this is not always at the forefront of our minds when we hit the road, it is important to understand how to deal with the fallout of an accident.
Fort Collins is home to over 165,000 people, according to the U.S. Census in 2017. With a population that size, there is a good chance that many people are insured by GEICO. If you are injured in a car accident with a driver insured by GEICO, you will likely be negotiating a settlement with this insurance company.
If you or someone you know is involved in settlement negotiations with GEICO, call Zinda Law Group at (800) 863-5312 for a 100% free case evaluation with our Fort Collins car accident attorneys.
Evaluating Your Damages
One of the first things to understand after an accident is what exactly your damages are. Understanding the damages you sustained is key to a fair settlement. Damages include things like medical bills, lost wages, and property damage.
After you have determined your damages, you will want to send a demand letter to GEICO detailing the amount you are seeking. The demand letter should also provide as many facts as possible about the accident and injuries. If you are not sure how to assess the damages in your case or you feel like you need a second opinion, you may wish to consult an experienced personal injury attorney.
Receiving the First Offer
GEICO’s objective, like other insurance companies, is to pay out as little in possible in claims each year. To serve this objective, they will likely make you an initial offer to settle that is far lower than your damages. If your injuries are not that serious, you may be willing to take the money and walk away.
There is nothing wrong with taking the first offer GEICO offers, but you should be aware that you are likely leaving money on the table. If you believe the first offer is too low, reject it and make a counter offer re-emphasizing the extent of your damages.
Closing the Deal
Once GEICO understands that you are not willing to accept their first offer, settlement negotiations will likely ensue. Settlement negotiations can last anywhere from a few months to over a year.
There are many factors that will dictate exactly how long the injury settlement process will take. The severity of your injuries, the amount of money at issue, and whether liability has been determined are some of the bigger factors.
Once you land on a figure you are satisfied with, make sure to ask for the offer in writing. Read the written offer carefully as it will detail any rights you may be giving up by taking the deal.
Get Help from Our Fort Collins Car Accident Lawyers
At Zinda Law Group, our Fort Collins car accident attorneys have helped thousands of people navigate the car accident settlement process with GEICO and other insurance companies. We have the knowledge and resources necessary to help you seek maximum compensation for your damages.
Our firm also believes that a car accident victim should never have to worry about the ability to afford excellent legal representation. That is why we offer 100% free consultations, and why you will pay nothing unless we achieve a favorable settlement, judgment, or verdict for your personal injury case. That’s our No Fee Guarantee.
If you or your loved one has been injured in a car accident, call Zinda Law Group at (800) 863-5312 to receive your free consultation with our Fort Collins car accident attorneys.
Meetings with attorneys are available by appointment only.