Insurance 101 – Chapter 11 – Volume 76 – Objective Evaluation of Settlement Demands

 Objective Evaluation of Settlement Demands

An insurer must consider all the evidence. It may not just rely on its insured’s statements while ignoring other contradictory evidence.   It must make an independent evaluation  based on all available evidence. An insured seldom admits wrongdoing. In most  intersection accidents both drivers claim that they were in the intersection legally and both had the green light. Insurers, and their lawyers are well aware of this human tendency.  Therefore, the insurer must rely on its own thorough, independent, and unbiased  investigation to determine its settlement posture.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

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