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What happens if the insurance carrier would like to settle before trial?
Wiki User
∙ 12y ago
Generally you will be required to waive all future claims against them for that incident. Sometimes they want to do that because they think there will be future claims and sometimes it is simple economics. Trials are expensive and juries are not the friends of insurance companies.
Wiki User
∙ 12y ago
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Why did Jackson settle again with Jason Francia for 2.1 million in 1996?
Michael Jackson has never settled with anyone, it was down to his insurance carrier regardless if he wanted them to do it or not.
If your car insurance fails to settle a claim against you when your at fault what happens?
Your fault, your problem! Any amount of damage above the limits of your insurance policy is your responsibility. Pay attention when you drive!
What is an insurance solictor?
The act of an insurance solicitor is to settle disputes between two aggrieved parties i.e. insurer and insured amicably before going for legal battle or dragging the case bofore insurance ombudsman.
Why is the insurance adjuster making me wait until their client is found guilty in court before giving me my insurance settlement?
Because if he (who from your question's wording is their client) is found NOT guilty, he/they will not have to settle with you. You are NOT their client.
What happens when you sprain your tongue?
It will settle down before you know it. If it proved to be too painful put an elastic bandage on it for a while.
Should your insurance co work with the other insurance co to settle your claim or do you have to do that?
You are responsible
How much time does the insurance company have to settle with me in Indiana?
that depends on how much your policy says they will settle on. if you are having a problem with insurance company, get a lawyer. all insurance companies will rip you off and pay as little as they possably can
How did Michael Jackson settle out of court?
He did not settle, he and his people wanted it to go to court but his insurance carrier felt he should focus on promoting his recently released album and upcoming world tour which had million dollar sponsorship deals on the line if he cancelled. So they went over the heads of Michael and his reps and reached and paid the settlement.
Who does an insurance agency report an accident to and how bad does the accident have to before the insurance agency reports it?
Unless it is a first party claim and the agent has draft authority or the authority to settle some minor claims, ALLclaims must be reported to the claims dept. of your insurance carrier. If you have an agent that is refusing to file a claim, you need to contact the company directly or your states dept. of insurance, they take this kind of thing goVERY SERIOUSLY....GOOD LUCK !! If you need more help let me know more details and I'm sure I can find information for you regarding whom you should contact........
Why do PVA glue solids settle out?
This is caused by the carrier evaporating, which is the drying and hardening method of PVA glues.
What happens if the doctors office routinely wave the copayment?
If the doctor's office routinely waves the copayment, it means they are willing to settle for whatever the insurance pays. Copayments range in price depending on your policy.
Can you settle auto personal claims without going to court?
Yes, and it frequently happens. When an accident happens, the injured person normally has 2 years before it has to file suit and some of this time is used to try to settle the matter before filing a lawsuit. The usual process is the person who caused the accident notifies his insurance company and gives it the details. The injured party sees a lawyer about suing. When the injured person is about done with treatment and it is known whether future medical treatment is needed, his lawyer is ready to put a dollar value on the injury. The lawyer will advise you or your lawyer of the amount of money they intend to sue for, but will offer the insurance company a chance to settle before that. The insurance company reviews the claim and the facts of the accident and injury and determines what it is willing to pay prior to suit being filed. A lawyer for the insurance company tells the other lawyer what they will pay at this time. If everyone is satisfied with the amount offered, it is accepted. Everyone signs appropriate releases, the money is paid and that is that. If the amount is unaccpetable, suit gets filed, but the negotiations starts again and the suit might be settled before the trial date.
