daughter was bitten in the face by a dog and we are suing the dog owners homeowners insurance.
2007-01-01 01:33:36 · 6 answers · asked by jwes285 1 in Business & Finance ➔ Insurance
Usally structured settlements.
2007-01-01 06:03:52 · answer #1 · answered by iroc 7 · 0⤊ 0⤋
Well, you'll lose. Suing the insurance company, well, they're not responsible for the dog bite. You have to sue the owner of the dog. Their insurance company may or may not defend them, or pay any judgement.
But if they do pay the judgement, then yes, it will be a lump sum.
Most of the time these things settle before they go into a courtroom.
2007-01-01 12:35:50 · answer #2 · answered by Anonymous 7 · 0⤊ 0⤋
It depends upon the specifics of the settlement. Small amounts typically ARE lump sum. Larger amounts may be either lump sum or periodic payments.
Assuming the insurance company is offering to settle, you should have some say in this matter.
2007-01-01 01:39:34 · answer #3 · answered by weirina85 3 · 0⤊ 0⤋
In this case, and in most cases settled by an out-of-court settlement, there will be one lump-sum payment. Accepting that payment ends the insurance company's and the home pwner's responsibility. If you have hired an attorney, he or she will be entitled to a portion of any settlement.
2007-01-01 01:40:33 · answer #4 · answered by fangtaiyang 7 · 0⤊ 0⤋
Since your daughter is a minor the courts will likely have to sign off on it and it will be put in a structured settlement of some form for her once she comes of age.
2007-01-01 13:22:18 · answer #5 · answered by Karen B 2 · 0⤊ 0⤋
That will totally depend on the settlement. The payment terms will be spelled out there.
More than likely if it is on a payment plan, you would have to agree to it, and your lawyer will still get paid first.
That's why it's called negotiation. Be involved and have your lawyer get you the terms you want, not the terms he wants.
Sorry to hear about your daughter, I hope she is ok.
2007-01-01 01:40:02 · answer #6 · answered by Gem 7 · 0⤊ 0⤋