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 Posted: Tue Mar 03, 2009 1:46 pm Post subject: |
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sorry forgot something...if you do get mom's settled be sure you go over that release with a fine toothed comb...it should be easy to read who it is for (mom ONLY)...
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Lori
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| Posted: Wed Mar 04, 2009 4:11 am Post subject: rear-end collision. |
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I know people have discussed multipiers and they can vary greatly. However, what is being propsed is less than a 1 x multiplier or less than 2 x multiplier will medical bills. Seems pretty low anyway you look at it. Any suggestions on counter offers...
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trohs
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| Posted: Wed Mar 04, 2009 6:01 pm Post subject: |
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mulitpliers are pure fiction...now i'll admit that 20 years ago, this happened (some)...but are no longer used by any carrier I'm aware of.
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Lori
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| Posted: Wed Mar 11, 2009 1:44 pm Post subject: the policy limit should not be the issue |
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The issue should be what damage was caused...Just because the limits are high does not mean you should adjust your claim. Conversly, just because someone is a "cheepo as my son would say" does not mean that they should not be held accountable over the limit of thier policy.
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get sum ethics
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| Posted: Wed Mar 11, 2009 3:07 pm Post subject: |
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get, i couldn't agree more...however....collecting on excess limit judgements are the majority of the time useless.
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Lori
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| Posted: Fri Mar 27, 2009 1:20 am Post subject: What to do |
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| Get a lawyer. I was in a rear end collision five years ago and it doesn't sound nearly as bad as your parent's accident. But I still have neck and occasional pack pain. Insurance companies do not want to pay out and it's bad enough having to deal with the injuries. A good attorney is worth the hassle and time it would take you to save a few bucks. Besides, I thought my attorney got me back more than I could have on my own. Good Luck. |
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Rodriguez
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| Posted: Fri Mar 27, 2009 5:23 am Post subject: |
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I agree Rod, as a layman one may have problems in settling things with the insurance company. At the beginning of a claim you may not even know the actual worth of the claim, but are subjected to deal with the seasoned adjusters of the business. The atty would perform the role of a negotiator on your behalf. If you are not confident enough about the worth of your damages, you may get a lawyer to avoid being lowballed.
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Sunanne
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| Posted: Fri Mar 27, 2009 11:33 am Post subject: |
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| Quote: | | I thought my attorney got me back more than I could have on my own. |
maybe but you don't know that unless you attempted to settle it prior to getting an attorney...and he/she would've had to get a minium of a 1/3 more than you 'could have on your own' just to break even...I'm not saying that atty's don't have their place in BI negotiations they certainly do...but what I am saying is that most of the time, the injured party will actually net more money without one, if they do their homework.
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Lori
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| Posted: Mon Jun 01, 2009 10:51 am Post subject: |
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Lost, I've moved your post, created it's own thread you can view and continue posting here http://www.ampminsure.org/start/about8768.html
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Lori
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| Posted: Mon Sep 28, 2009 11:57 am Post subject: |
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I am in one right now involving 4 insurance companies and I can't imagine doing it on my own with the "hopes" of getting 90% for myself. Too much paperwork is involved as well as the steps to go through. I would be a mess. I am very thankful for my attorney and I feel confident that I will get what is owed to me and then some! These types of attorneys take these cases up front without payment (including administrative costs, postage, paper, time, conference calling, etc. etc. etc.) So you better bet that they are not going to "Lowball" you!
Sincerely,
Injured for life!
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anonymous222222222222
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| Posted: Fri Jun 25, 2010 5:58 am Post subject: settlement |
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so does the insurance co. reimburse your out of pocket only?? like is medicare paying now and then the at fault co will reimburse them....how does that work. Surely they are only paying a copay on this treatment now. /Right??
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anonymous kb
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| Posted: Wed Aug 18, 2010 5:12 pm Post subject: Legal Assistance |
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If the other party was at fault, ALWAYS get an attorney. Once you do, the other driver's ins. company is not allowed to approach you directly. The attorneys will keep track of your bills, utilize your all of your MEDPAY (look it up), and keep the collections depts from ruining your credit. I know...I'm in the middle of a very painful recovery right now (11 months and counting). If I settle out of court, my attorney gets 25%. If we go to litigation...30%. But my best friend (who manages an insurance agency) assured me that having an attorney will more than make up the difference. I think that those on this forum that advise against attorneys are probably insurance claims adjustors! On the afternoon I was rear-ended (45 MPH, and I was stopped with my turn signal on...no skid marks!), I was a 52-year-old man that felt 42...now I feel 62. The woman was texting. If they gave me a million dollars, I wouldn't go through it again.
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Trust me...
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| Posted: Wed Aug 18, 2010 7:22 pm Post subject: |
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In upteen years that is the first time I've ever heard of an attorney charging less then 33% for settlement out of court and 40% plus expenses if in court.
| Quote: | | But my best friend (who manages an insurance agency) assured me that having an attorney will more than make up the difference. |
Well, there you have it... someone who's educated in injury settlements and the amounts that are paid for rep'ed vs unrep'ed claims. Also, that has a vested interest in how the claim works out.
| Quote: | | I think that those on this forum that advise against attorneys are probably insurance claims adjustors! |
Mostly, in one form of another. In mst cases I don't think you will find the people here recommending against attorney representation. I think in some cases we will point out that the injured person will probably loose money (policy limits being paid or minor injuries with little to no treatment). We also tend to advise people that they may want to hear the injury offer before securing an attorney. There is no harm and I'm betting many people would be surprised. |
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tcope
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| Posted: Thu Sep 09, 2010 5:22 am Post subject: JtiYrjwX |
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kWYtmtsi
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JtiYrjwX
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| Posted: Thu Sep 09, 2010 6:30 am Post subject: |
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| Quote: | | If the other party was at fault, ALWAYS get an attorney |
Such a rush to engage the services of an attorney is generally unwise. I'm an agent, not an adjuster, so I have no vested interest in the settlement of a claim. The rush to retain an attorney is based on the misconception that insurance companies are not going to pay the claim or going to take advantage of an insured or their victim.
That's just not the case in the majority of claims. It is also not to say that claimants have not been abused by an insurance company.
The time to get an attorney is when the claims negotiations reach an impasse or a claim is denied by the insurance company and they will not reconsider.
Turning to an attorney will simply result in a loss of 33% or more of any eventual settlement or judgment. Why give that up if you could collect the entire amount on your own?
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MaxHerr
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