Filing a lawsuit after settling an auto insurance claim

Generally speaking, once a claim is settled, it’s settled, and there’s no filing a lawsuit at that point. During the settlement process, your insurer will likely have you sign a settlement agreement that precludes you from suing them on that occurrence after the settlement has been signed and releases them from making any further payments on that claim. This bar on filing a lawsuit would not apply to future claims that are completely separate from the settled claim.

Bring legal action against your insurer after settlement might be possible under certain circumstances, but those are most likely limited to errors or different interpretations of the settlement language or process itself. The settlement document may be so poorly written that it doesn’t limit your legal options – but that’s highly unlikely. Even though language contained in the settlement may limit your legal options to arbitration, you should nonetheless have an attorney review the settlement document and discuss what options are available to you. You can find an attorney, many who may provide free consultations, at AttorneyPages.com or ask a question about settlements on our Free Advice Law Forum to see how others have handled similar situations.

Filing a lawsuit after settling an auto insurance claim

Generally speaking, once a claim is settled, it’s settled, and there’s no filing a lawsuit at that point. During the settlement process, your insurer will likely have you sign a settlement agreement that precludes you from suing them on that occurrence after the settlement has been signed and releases them from making any further payments on that claim. This bar on filing a lawsuit would not apply to future claims that are completely separate from the settled claim.

Bring legal action against your insurer after settlement might be possible under certain circumstances, but those are most likely limited to errors or different interpretations of the settlement language or process itself. The settlement document may be so poorly written that it doesn’t limit your legal options – but that’s highly unlikely. Even though language contained in the settlement may limit your legal options to arbitration, you should nonetheless have an attorney review the settlement document and discuss what options are available to you. You can find an attorney, many who may provide free consultations, at AttorneyPages.com or ask a question about settlements on our Free Advice Law Forum to see how others have handled similar situations.

Filing a lawsuit after settling an auto insurance claim

Generally speaking, once a claim is settled, it’s settled, and there’s no filing a lawsuit at that point. During the settlement process, your insurer will likely have you sign a settlement agreement that precludes you from suing them on that occurrence after the settlement has been signed and releases them from making any further payments on that claim. This bar on filing a lawsuit would not apply to future claims that are completely separate from the settled claim.

Bring legal action against your insurer after settlement might be possible under certain circumstances, but those are most likely limited to errors or different interpretations of the settlement language or process itself. The settlement document may be so poorly written that it doesn’t limit your legal options – but that’s highly unlikely. Even though language contained in the settlement may limit your legal options to arbitration, you should nonetheless have an attorney review the settlement document and discuss what options are available to you. You can find an attorney, many who may provide free consultations, at AttorneyPages.com or ask a question about settlements on our Free Advice Law Forum to see how others have handled similar situations.

How Much Car Insurance Do I Need?

How Much Car Insurance Do I Need?
Consider the following three questions with the help of your agent:

1. How high should my liability coverage limits be?
No one can predict exactly how much you would have to pay if you were to cause an accident.

Ask yourself how you would pay for any damages exceeding your coverage limits.

The higher your liability coverage limits are, the more likely your policy will be able to pay all of the damages.
2. How high or low should my collision and comprehensive deductibles be?
Higher deductibles lower your premium but increase the amount you must pay out of your own pocket if a loss occurs.

Ask yourself how much you would be willing and able to pay on short notice in order to save on your premium.
3. Should I carry collision and comprehensive coverage?
You may be required to carry collision or comprehensive coverage if your vehicle is leased or financed.

Once you have paid off your car, and its value decreases, you might consider dropping these coverages to save money on premiums.

Consider, though, whether the savings would be enough to offset the risk of having to pay the entire cost of repairing or replacing the vehicle.