Tag: Negotiating

Negotiating Your Car Accident Insurance Settlement

Article 4 of 7 in Car Insurance Claim Settlement

If you have filed a car insurance claim to recover money for property damage to your vehicle, bodily injury or both, you will need to negotiate a car accident settlement to get the payout you deserve. Negotiating a car accident insurance settlement is not difficult if you are comfortable and prepared. When you negotiate your car accident settlement, you will need to work closely with an insurance claims adjuster who is responsible for investigating the accident and deciding what the company will pay.

TIP:Insurance claims adjusters have a car accident settlement range

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4 Tips for Negotiating a Personal Guarantee


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How to Negotiate a Personal Guarantee

If you get a loan from a bank or private lender for your business, you will probably be asked to sign a personal guarantee that puts your own assets — such as real estate, savings, or other valuables — on the line should your business be unable to pay the bank back. Many business owners are so relieved to get the loan that they don’t read the fine print that puts them at risk. You should. And, you should attempt to negotiate.

To be sure, not every entrepreneur will be successful in negotiating the terms of the personal guarantee, especially if you’re just starting a business. “Those that will be most successful will be those who have three to five years experience and have survived this most recent [credit] crisis,” says Jim Coughlin, the chief underwriting officer for Asterisk Financial, a personal guarantee insurance company

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