Thank you so much for a wonderful video. The information you attorneys provide is something we needed to know. Question: when a demand letter with a specific amount of money is sent to the insurance company, does the amount indicate the attorney believes the case/injuries are "worth" the amount? Or is a demand letter sent to "test" the insurance company? I guess I can simply ask, what is the significance of a demand letter? Thank you for all you do in your videos.
Thank you for the question and compliment. We really appreciate your kind words. Sometimes demand letters will serve as a starting point for negotiations. Yet, on other occasions, the demand letter may be a “take it or leave it” offer. “Take it or leave it” offers are usually sent in situations where there is limited insurance coverage or the attorney is making one last ditch effort to resolve the case short of trial. At our firm, the vast majority of demand letters are sent prior to filing a formal lawsuit in order to give the insurer an opportunity to settle the case without forcing our client (and their insured) to endure the stress and anxiety that comes with formal litigation.
That is a very tough situation to be in. Unless it is a car wreck and you have UM coverage, there is likely no fair recourse. It is very rare for a defendant to have many assets and no insurance. However, it does happen so just make sure you, or your lawyer, checks to verify whether the person that hurt you has any assets or property.
@@jayionniepage8209 Oh wow! I’m sorry to hear that. Most apartment complex owners will have insurance, especially if the owner used a bank or special financing to purchase the property. Lenders normally require the buyer to purchase some sort of commercial insurance policy. If you don’t have lawyer already, make sure to reach out to one in the state where you are located so they can do a thorough investigation into whether the complex owners or the property management company have liability insurance.
Thank you so much for a wonderful video. The information you attorneys provide is something we needed to know. Question: when a demand letter with a specific amount of money is sent to the insurance company, does the amount indicate the attorney believes the case/injuries are "worth" the amount? Or is a demand letter sent to "test" the insurance company? I guess I can simply ask, what is the significance of a demand letter? Thank you for all you do in your videos.
Thank you for the question and compliment. We really appreciate your kind words. Sometimes demand letters will serve as a starting point for negotiations. Yet, on other occasions, the demand letter may be a “take it or leave it” offer. “Take it or leave it” offers are usually sent in situations where there is limited insurance coverage or the attorney is making one last ditch effort to resolve the case short of trial. At our firm, the vast majority of demand letters are sent prior to filing a formal lawsuit in order to give the insurer an opportunity to settle the case without forcing our client (and their insured) to endure the stress and anxiety that comes with formal litigation.
If you have several injuries in one area are you awarded compensation for each individual injury sustained
Ideally, yes. Most jurisdictions allow recoveries for all damages that were caused by the trauma.
What if you ask for the security videotape of your accident they say that camera wasn't working but two years later at trial they show the video tape
Lying about evidence is sanctionable by the Court. Just make sure you can prove the lie with documentation.
What if u don't have no money n the ppl your suing don't have insurance
That is a very tough situation to be in. Unless it is a car wreck and you have UM coverage, there is likely no fair recourse. It is very rare for a defendant to have many assets and no insurance. However, it does happen so just make sure you, or your lawyer, checks to verify whether the person that hurt you has any assets or property.
@@jayionniepage8209 Oh wow! I’m sorry to hear that. Most apartment complex owners will have insurance, especially if the owner used a bank or special financing to purchase the property. Lenders normally require the buyer to purchase some sort of commercial insurance policy. If you don’t have lawyer already, make sure to reach out to one in the state where you are located so they can do a thorough investigation into whether the complex owners or the property management company have liability insurance.