<BLOCKQUOTE><font size="1" face="Arial, Helvetica, Verdana">quote:</font><HR>Originally posted by naani:
The party's insurance case manager contacted me about my claim for damages. Should I put a dollar amount in my claim? Should I ask for a specific amount or wait to see what the insured offers?<HR></BLOCKQUOTE>
My response:
Depends on your State. In California, the Insurance Code requires that insurance companies make the first offer to settle, in good faith. However, it's "customary" (not required) that the injured party starts the negotiations with a figure, and all of the reasons that require such an amount. Then the insurance company usually makes a counter offer.
I would seriously consider, if I were you, to have negotiations handled by someone who understands the "game" and is used to dealing with insurance companies. Say, oh, I don't know, how about an attorney?
IAAL
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