Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: May 6, 2012

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Insurance Question from Chicago, IL

Asked on 05/06/2012

How can I contest the insurance companies settlement offer ? I was a victim of a hit and run car accident and my car is now considered a total loss. Farmers Insurance has offered me $20,000.00 as a settlement on a 2007 Acura TL-Type S in absolute mint condition with 59,000 miles. I have all records to prove the maintenance and upkeep was impecable. On top of it, I have incurred thousands in medical bills and have had to miss over a month of work. I am in horrible financial difficulty now because iof the accident, and do not want to be taken advantage of by the insurance company. Please help me.

Answer given on May 19, 2012

When you are involved in a hit and run accident, then the insurance on your car is the only place you can get a settlement for your car and injuries. If you have medical payments coverage on your policy then that will help pay for the injuries and medical costs. In addition, uninsured motorist coverage should be available to help in the costs you incur. Your adjuster should be willing to explain the coverages and how they will help settle for your injuries and time off of work.For the car, the insurance company will use various resources to determine the value of the car, including NADA, Kelly Blue Book and local car dealer prices. If you do not feel the value offered is fair, then you have to prove your case. You will need to find local values of the car, in the same condition. If you have th records that you indicate you have, then you should get the higher value of the car. Find some local listings either in the paper or online showing the higher value and see if the adjuster will increase the offer. If not, you should try the supervisor to see if they can increase the settlement offer.


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