That way the insurance company knows they need to put a good
settlement offer on the table if they want to resolve the matter.
Once a personal injury claim is filed with the insurance company, adjusters sometimes place an initial
settlement offer on the table in order to settle your case cheaply and dismiss it.
In most instances, the choice is yours because there is
a settlement offer on the table.
But, because Rappaport was not given any reasonable estimate of further litigation costs, which eventually included another $ 400,000 in fees, he was unable to make an educated cost / benefit risk analysis of whether to accept or deny
the settlement offer on the table.
Not exact matches
The village was
on the verge of accepting first an $ 850,000
settlement, then a $ 1.04 million
settlement offered by Saint - Gobain Performance Plastic and Honeywell International, but
tabled the matter this week after an uproar from residents and warnings from the former EPA regional administrator, Judith Enck, and U.S. Sen. Kirsten Gillibrand, against signing away any rights to legal action just to pay some immediate bills.
Settlement offers are usually
on the
table for a limited time.
He said Mr Saatchi had
offered to pay # 1.6 m in full and final
settlement of the debt, adding: «That
offer remains
on the
table.»
In plaintiffs» practice, likewise, I was always a strong advocate of standing upon principle and taking cases all the way to judgment, even when substantial
offers of
settlement were
on the
table.
And what if the $ 18 million in fees that were paid produced a $ 60 million
settlement offer that was
on the
table when the lawyers renegotiated their fee agreement so as to entitle them to a 40 percent cut of the total proceeds received?
However, one justice called the fee «exorbitant,» finding that the retainer agreement had been signed when a $ 60 million
settlement offer was
on the
table, and that when the case settled just five months later for $ 100 million, the firm's 40 percent cut ($ 42 million) was essentially equal to the additional amount that it won.
If your lawyer pushes for you to accept this
offer or otherwise rush to accept a
settlement without conducting a full investigation or before your injuries are fully understood, you could be leaving significant money
on the
table.
Totally agree with @Michael Beauchemin, part of the representation of clients is the ability to guide you through the process, put a solid
offer together, how to negotiate, and advise you post inspections
on how to get to the
settlement table!