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In Reply to: auto insurance lawsuits or arbitration? posted by Inept on July 03, 2010 at 02:12:04:
I:
Retain an attorney if there is the slightest hint that you might be sued. Big auto insurance companies life State Farm, Allstate, & Farmers are notorious for pressuring you to take a smaller settlement. Auto Insurers are in business to pay out less than they take in.
Joel Stevenson
: "Find out if you are giving up your right to go to court and will be forced into arbitration if there is a disagreement [between you and the insurance company]," one expert advised. "You're much better off if you don't give up this right. It makes it easier for [insurers] to take advantage of you." If you find a clause to this effect, all isn't necessarily lost. "At least in theory, a contract is a mutual agreement, so you should be able to cross out that line in the policy," he said. If the company won't agree to the policy sans clause, then you should probably take your business elsewhere.