MY LAWYER JUST SENT ALL STATE A LETTER OF DEMAND FROM MY CAR ACCIDENT SO..?
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4 Comments
YOur lawyer should get a settlement to cover your costs, plus his fees. If you don’t ask for this, you will give your atty the money rather than your creditors.
Did you know that you can pay your deductible to your insurance company, and their attorneys will go after the other guy for you? It dings your policy, but it is a lot cheaper than paying some atty 30% of your claim… this guy will get $3000 of your $10K. Will $7000 cover your bills?
No one can say how long it will take. If the insurance company doesn’t want to fight, then it will be rather quick. If they want to fight, it could take years to go through the legal system. It all depends on what the insurance company wants to do.
No one here knows. Your lawyer doesn’t know either, does he? It will likely be months, though and not days and that is if they don’t fight it. If they do, it may take years. Don’t count on results from a “letter of demand” to pay your bills. Get caught up now !
Good luck
It depends on how realistic of a demand your attorney made and what amount you’re willing to settle for. The insurance company will review your medical records and evaluate your claim and make an offer based off of the facts. In my experience, they demand from an attorney is usually at least double what the claim is actually worth. I don’t know what the first person was talking about, but the attorney will take 33% of the settlment if you settle out of court and more if you go to suit.