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May 3, 2024 · The insurance companies are given 15 days for the investigation timeline for insurance claims. Once this time period is complete, they must come to a decision on your claim. They could accept the claim and offer you a fair settlement. They could also deny your claim or issue a low settlement offer that isn’t sufficient to cover your financial ...
May 8, 2024 · At Merlin Law Group, we empower policyholders with the knowledge they need to navigate these challenging times confidently. Here are critical insights every policyholder should consider when dealing with insurance claims. Deep Dive Into Your Policy Before any damage occurs, make sure you thoroughly understand your insurance policy.
May 6, 2024 · There are ethical obligations to both clients and your firm colleagues. The American Bar Association offers guidelines for lawyers and their firms to assist with this transition. Formal Opinion ...
Apr 24, 2024 · Their personal injury lawyers will explain when to accept an accident settlement offer and the consequences of signing one too early in the process. Call them today. 1. Victims Can Reject a Settlement Offer and Still Receive Compensation. Insurance companies imply that settlement offers are “now or never” agreements.
- When does your statute of limitations run?Before you decide to reject or accept a settlement offer, you should understand how much time you have left to file a claim. Each state establishes...
- Are you ready to settle?Just because an insurer initiates settlement negotiations, it does not mean that you are ready to accept or reject their offer. As long as you have...
- Have you thought about your settlement goals?By the time you begin negotiating your settlement, you should have a settlement goal in mind. Do not expect guidance from the liability claim perso...
- Do you understand what damages a settlement includes?When negotiating a claim, insurers do not always explain what they are offering or why. Often they offer you a lump-sum figure. If you do not ask w...
- Do you understand why your settlement is personal to you?Your claim’s settlement value is not just about medical bills, diagnoses, or temporary disabilities. It also considers how these things affected yo...
- Would a Personal Injury Attorney Improve Your Settlement Outcome?When you sustain severe injuries in an accident, you are at a disadvantage when dealing directly with a liability insurer. Before you accept a sett...
May 14, 2024 · Generally, there are five stages in the contract lifecycle. They are contract initiation, contract negotiation, contract execution, contract monitoring, and contract closure. Let’s explore those stages a little deeper. Contract Initiation comes after two parties decide they want to enter into a relationship or agreement with one another.
May 13, 2024 · Prior Acts Coverage, within insurance, refers to protection for events or incidents that occurred before the insurance policy’s start date. It is precious for professionals to ensure they are covered for any past occurrences that could lead to future claims, even if they have changed insurance providers. You are free to use this image on your ...
May 8, 2024 · For example, an attorney could deposit personal or law firm funds into the client trust account. As another example, if the client paid a retainer that the firm bills against, the fees must be withdrawn as they are earned. If a firm fails to withdr aw its earned fees in a timely manner, the firm is again commingling firm funds with client funds.
