Claims Negotiation
/ˈkleɪmz nəˌɡoʊʃiˈeɪʃən/
Definitions
- (n.) The process whereby parties communicate and bargain to resolve disputes or agree on the terms of a claim without litigation.
The claims negotiation resulted in a settlement before the case went to court.
- (n.) A pre-litigation procedure involving discussions between insurer and insured or claimant to agree on compensation or liability issues.
Claims negotiation is a critical step in insurance dispute resolution to avoid costly lawsuits.
Forms
- claims negotiation
Related terms
See also
Commentary
Claims negotiation often requires balancing legal rights with practical settlement interests; clear documentation during negotiation is advisable to avoid later disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.