How Are the Value of Uninsured Motorist Cases Determined?
In order to dispute what the insurance company says your claim is worth, you will have to file a claim for arbitration or a lawsuit for damages.
Refuting What The Insurance Company Tells You
Of course, this is what they are going to do. This is how insurance companies make extraordinary profits, by denying or extremely limiting the value of all claims. So how do you fight for a higher number?
Depending on the terms of your auto insurance policy, you likely file a demand for arbitration or take them to court and walk a jury through all of your damages so they have no choice but to arrive at the figure that you tell them.
Understanding that your relationship with the insurance company might one day turn adversarial should remind you to speak to them carefully and with an attorney from the very beginning. You have to think about protecting your recovery from Day 1 following a collision.
What's The Difference Between A Lawsuit And Arbitration?
Many people are familiar with the legal process. However, if you are involved in an accident with an uninsured or underinsured motorist, you might have to go to arbitration instead of court. What is the difference?
One important difference is that both sides must agree to arbitration in the first place. By contrast, you can compel another party to appear in court for a lawsuit. Another distinction relates to process, both sides can delineate much of the rules in arbitration whereas they are already in set in stone in court. Finally, one thing that court and arbitration have in common is that decisions in both are enforceable.
This means that you should treat each of them seriously.
Want To Know How Best To Fight Insurance Companies?
Rosenfeld Injury Lawyers LLC has a long history battling insurance companies to get the relief that Illinois personal injury victims deserve especially after an uninsured motorist incident. We can help you too. Contact us to learn about how we can represent you in front of an insurance company!
For additional information see the following pages:
- Are There Any Illinois Laws That Address Uninsured Motorist Accidents?
- Can I Just File A Claim With My Insurance Company Instead Of Going to The Other Party?
- Can I Pursue An Uninsured Motorist Claim Even If I Was Driving Someone Else?
- Can I Stack Insurance Policies On Top Of Each Other?
- Can I Still Pursue An Uninsured Or Underinsured Motorist Claim If I Settled With The Other Driver?
- Do I Have An Uninsured Motorist Claim?
- Do I Have to File My Uninsured Motorist Claim by A Certain Time?
- Do I Have to Sue The Underinsured Motorist's Insurance Company?
- Do I Need to Give The Insurance Company Any Information?
- How Can Rosenfeld Injury Attorneys Help Me If I Have Been Injured by An Uninsured Motorist In Illinois?
- What Are The Facts About Uninsured Drivers?
- What Are The Minimum Auto Liability Insurance Requirements In Illinois?
- What Compensation Is Available For My Uninsured Motorist Claim?
- What Happens If The Uninsured Motorist Does Not Pay Damages Awarded by A Court?
- What Have Other Plaintiffs With Uninsured Motorist Claims Recovered In Illinois?