by Frekals » Thu Jan 06, 2011 09:23 pm
another poster said there is a 99.99% chance the insurance company will settle but what if the construction company I am suing does not submit the lawsuit to their insurance carrier becasue they
either have a high deductible or they just dont want it to hit their insurance. The claim is $950.00. Does anyone know how common it is for a construction compnay to have a deductible on their GL policy and if they have seen any of this before?
either have a high deductible or they just dont want it to hit their insurance. The claim is $950.00. Does anyone know how common it is for a construction compnay to have a deductible on their GL policy and if they have seen any of this before?
Posted: Fri Jan 07, 2011 09:06 am Post Subject:
Well, I guess some information are missing in your post. Still, if the judgment should go in your favor then their insurer will have enough reason to get it settled rather than facing a lawsuit. If the other party has a judgment against them, then they should either meet it out-of-pocket or else get it reimbursed through their carrier.
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