Accepting a Pay Out

In article <[email hidden]>,
dannyfrankszzz
[email hidden] says...

Quoted message said:

I'm due to be receiving a pay out for an accident that I suffered.

I've not bothered with legal representation in this matter because the
other party admitted full liability. I've also made it clear to the
insurance co. that by not involving a solicitor to represent me, they
should take this into consideration when agreeing a final settlement.

Should I just accept the first offer, or, should I dig my heels in and
make at least one or two rejections?

I suppose one should always rebuff the first offer as this can be
guaranteed to be below what the insurance co. is hoping to pay out.

You must be kidding - not only not getting a solicitor, but then telling
the insurers that you haven't got/won't get one? I expect you're going
to expect them to act like honest decent people too. Get legal advice
now, preferably (IME) from a 'proper' solicitor rather than one of those
no-win-no-fee types.

On 23 Nov, 13:16, dannyfrankszzz <dannyfrankszzz.30i...@no-

mx.forums.cyclingforums.com said:

I'm due to be receiving a pay out for an accident that I suffered.

I've not bothered with legal representation in this matter because the
other party admitted full liability. I've also made it clear to the
insurance co. that by not involving a solicitor to represent me, they
should take this into consideration when agreeing a final settlement.

Should I just accept the first offer, or, should I dig my heels in and
make at least one or two rejections?

I suppose one should always rebuff the first offer as this can be
guaranteed to be below what the insurance co. is hoping to pay out.

What have you got to loose by rejecting it, apart from time? My Dad
is due a payout from a car crashing into his and his solicitor advised
he reject the offer. It is now going to court for the judge/magistrate/
whatever to decide a suitable amount of payout. Neither he nor the
solicitor needs to turn up and the court's decision will be binding.

"POHB" <[email hidden]> wrote in message
news:[email hidden]...

Quoted message said:

On 23 Nov, 13:16, dannyfrankszzz <dannyfrankszzz.30i...@no-

mx.forums.cyclingforums.com said:

I'm due to be receiving a pay out for an accident that I suffered.

I've not bothered with legal representation in this matter because the
other party admitted full liability. I've also made it clear to the
insurance co. that by not involving a solicitor to represent me, they
should take this into consideration when agreeing a final settlement.

Should I just accept the first offer, or, should I dig my heels in and
make at least one or two rejections?

I suppose one should always rebuff the first offer as this can be
guaranteed to be below what the insurance co. is hoping to pay out.

What have you got to loose by rejecting it, apart from time? My Dad
is due a payout from a car crashing into his and his solicitor advised
he reject the offer. It is now going to court for the judge/magistrate/
whatever to decide a suitable amount of payout. Neither he nor the
solicitor needs to turn up and the court's decision will be binding.

Paying for a solicitor? There are people who do a bloody good job of exactly
what your dad and his solicitor are doing for a tenner a time.

dannyfrankszzz said:

I'm due to be receiving a pay out for an accident that I suffered.

I've not bothered with legal representation in this matter because the
other party admitted full liability. I've also made it clear to the
insurance co. that by not involving a solicitor to represent me, they
should take this into consideration when agreeing a final settlement.

They will take it into consideration by taking the mick out of you by
offering you much less than you're entitled to, knowing that you won't have
a clue.

Quoted message said:

Should I just accept the first offer, or, should I dig my heels in and
make at least one or two rejections?

I suppose one should always rebuff the first offer as this can be
guaranteed to be below what the insurance co. is hoping to pay out.

You tell then the amount you want and don't accept less.

Solicitors have books of case history and can advise on the fair amount of
compensation to claim for specific personal injuries. Expenses are added to
that.

~PB

dannyfrankszzz said:

I'm due to be receiving a pay out for an accident that I suffered.

I've not bothered with legal representation in this matter because the
other party admitted full liability. I've also made it clear to the
insurance co. that by not involving a solicitor to represent me, they
should take this into consideration when agreeing a final settlement.

Should I just accept the first offer, or, should I dig my heels in and
make at least one or two rejections?

I suppose one should always rebuff the first offer as this can be
guaranteed to be below what the insurance co. is hoping to pay out.

I had a similar situation about a decade ago. Spoke informally to a
solicitor and his advice was to reject the first offer but to accept the
second as it was likely to be close to what they would finally offer. Of
course ymmv.

Stan Cox

P.S. paid for my first real race bike 🙂

"dannyfrankszzz" <[email hidden]>
wrote in message
news:[email hidden]...

Quoted message said:

I'm due to be receiving a pay out for an accident that I suffered.

I've not bothered with legal representation in this matter because the
other party admitted full liability. I've also made it clear to the
insurance co. that by not involving a solicitor to represent me, they
should take this into consideration when agreeing a final settlement.

They certainly will take this into consideration by offering you less that
they would have done had you hired a solicitor to represent you. Insurance
companies are not charitable institutions and do not part with their money
without a fight. They exist to make a profit by maximising premiums and
minimising payouts. The fact that you have made it clear that you do not
have legal representation allows them to offer you less - no legal expenses
for you to pay so why pay you more? Yep they'll take it into consideration,
smirk, and offer a derisory amount before upping their offer to a slightly
less derisory amount when you challenge it.

I think you need to get legal representation.

vernon said:

"dannyfrankszzz"
<[email hidden]> wrote in
message news:[email hidden]...

Quoted message said:

I'm due to be receiving a pay out for an accident that I suffered.

I've not bothered with legal representation in this matter because
the other party admitted full liability. I've also made it clear to
the insurance co. that by not involving a solicitor to represent me,
they should take this into consideration when agreeing a final
settlement.

They certainly will take this into consideration by offering you less
that they would have done had you hired a solicitor to represent you.
Insurance companies are not charitable institutions and do not part
with their money without a fight. They exist to make a profit by
maximising premiums and minimising payouts. The fact that you have
made it clear that you do not have legal representation allows them
to offer you less - no legal expenses for you to pay so why pay you
more? Yep they'll take it into consideration, smirk, and offer a
derisory amount before upping their offer to a slightly less derisory
amount when you challenge it.
I think you need to get legal representation.

Agreed with one comment.

If the claim is purely for easily quantifiable items - bike damage, torn
clothing, travel tickets whilst bike broken, etc. then anyone who can add
numbers can work out the full loss. That's the claim and the settlement
figure. Don't take less (at least not without legal advice).

If the claim is for any form of injury, pain, suffering either temporary or
on-going, or if the insurance company starts arguing that your replacement
items for your written off old stuff is "betterment", then you need a
solicitor who understands case law and what is a fair settlement.

As the other side has admitted liability, reasonable legal costs are covered
by them.

- Nigel

- Nigel

--
Nigel Cliffe,
Webmaster at http://www.2mm.org.uk/