2007-04-10 06:11:04 · 6 answers · asked by Yvette C 1 in Politics & Government ➔ Law & Ethics
no
2007-04-10 06:13:58 · answer #1 · answered by BigRichGuy 6 · 0⤊ 0⤋
Not necessarily. Generally, if you are seeking compensation for an accident from an at-fault party's insurance carrier (or your own insurance carrier in some cases), the insurance company will assess your damages based on a very simple formula. The formula is designed to pay you the minimum amount necessary to get you to settle. In order to get more, you have to engage in negotiations with the claims representative. Simply waiting will not entice them to make a bigger offer. In fact, if you wait to long, you may run into a statute of limitations problems (one year in most states, sometimes two years) and they will simply deny your claim after that.
Most people are inexperienced in negotiations and find it easier, and very beneficial to engage the service of a lawyer with experience in that type of work. Most lawyers will tell you that it will take time and ask you to hold off for a better offer. This is part of the process, but it involves substantially more than just waiting.
There are no guarantees.
Good luck!
2007-04-10 13:14:16 · answer #2 · answered by www.lvtrafficticketguy.com 5 · 0⤊ 0⤋
100% false....the longer you wait...lets say to go to the doctor or get looked at it is likely they will think you are not hurt.
Also there are statute of limitations that limit how long you have to file suit..once it runs you can't sue and the insurance agency will have no reason to settle. ... There is no evidence that agencies give you more money if you wait....the longer you wait the more they begin to feel you don't need the money to be compensated and will try to lowball you.
You want to settle...if you go to court there is no gaurantee....there is no such thing as a 1000% assured victory...no matter how good it looks it is 50/50 going in.
2007-04-10 19:54:54 · answer #3 · answered by Dr. Luv 5 · 0⤊ 0⤋
No, not necessarily. It will depend on the injury and what damages you are claiming.
If you require a significant amount of medical treatment over a long period of time, then you may need more money to cover your medical bills, but that compensation obviously does not go to you, it goes to your medical providers.
Regardless, usually when people are negotiating settlements, future damages are part of what is negotiated so even if you settle early in the case, you are "covered" for anything in the future.
2007-04-10 13:20:20 · answer #4 · answered by EthanHunt 3 · 0⤊ 0⤋
The longer you wait the higher the backpay will be.
2007-04-10 13:15:47 · answer #5 · answered by Kenneth H 5 · 0⤊ 0⤋
If your disabled and cant work because of it, yes they owe you past wages from your job.And it adds up over time.
2007-04-10 13:16:14 · answer #6 · answered by Anonymous · 0⤊ 0⤋