Accepting a Pay Out

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

Quoted message said:

I'm due to be receiving a pay out for injuries from an accident.

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.

--
dannyfrankszzz

Definitely do not accept the first offer!

Ask for as least half as much again as their first offer ( 2/3 would be
better) and they will come higher.

The great thing about legal representation is that they know the ins and outs
of claim levels for injuries. And they will also involve an independent
medical consultant on your behalf. Even if there is an admission of liability
their insurers will always offer low!

On my own claim recently processed I was offered £2k and eventually was paid
well over £3k!. And the solicitors were free!

--
Trevor A Panther
In South Yorkshire,
England, United Kingdom.
www.tapan.pwp.blueyonder.co.uk

dannyfrankszzz said the following on 23/11/2007 13:18:

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?

Well, if the first offer is £10m, I might be inclined to accept!

Just one thing though - I accidentally found myself tied up with one of
these no-win-no-fee type outfits years ago. Avoid them like the plague.

--
Paul Boyd
http://www.paul-boyd.co.uk/

"Trevor A Panther" <[email hidden]> wrote in message
news:XEA1j.51928

Quoted message said:

On my own claim recently processed I was offered £2k and eventually was
paid well over £3k!. And the solicitors were free!

CTC solicitors?

cheers,
clive

dannyfrankszzz said:

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.

Don't worry - there's no question of them not taking it into
consideration. They'll be positively gleeful considering it.

regards, Ian SMith
--
|\ /| no .sig
|o o|
|/ \|

On Fri, 23 Nov 2007 13:44:38 +0000, Paul Boyd

usenet.is.worse@plusnet said:

dannyfrankszzz said the following on 23/11/2007 13:18:

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?

Well, if the first offer is £10m, I might be inclined to accept!

Just one thing though - I accidentally found myself tied up with one of
these no-win-no-fee type outfits years ago. Avoid them like the plague.

Oppps! Why?

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

Quoted message said:

dannyfrankszzz said:

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.

Don't worry - there's no question of them not taking it into
consideration. They'll be positively gleeful considering it.

My thoughts exactly.

"wafflycat" <w*a*ff£y£cat*@£btco*nn£ect.com> wrote in message
news:[email hidden]...

Quoted message said:

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

Quoted message said:

dannyfrankszzz said:

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.

Don't worry - there's no question of them not taking it into
consideration. They'll be positively gleeful considering it.

My thoughts exactly.

Adding - when my other half was victim of a hit-and-run, the 'other side
the Motor Insurers' Bureau made an initial offer of a quarter of the final
settlement figure. To the OP - insurance companies do not like to pay out -
they will pay out as little as they feel they can get away with. By not
having a solicitor acting on your behalf, they will likely be rubbing their
hands with glee at the amount of money they are about to save.

Tom Crispin said:

On Fri, 23 Nov 2007 13:44:38 +0000, Paul Boyd

usenet.is.worse@plusnet said:

dannyfrankszzz said the following on 23/11/2007 13:18:

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?

Well, if the first offer is £10m, I might be inclined to accept!

Just one thing though - I accidentally found myself tied up with one of
these no-win-no-fee type outfits years ago. Avoid them like the plague.

Oppps! Why?

My wife's experience was that they (Paul Rooney Solicitors) were
ridiculously slow to respond to any communication.

Cheers,
Luke

--
Red Rose Ramblings, the diary of an Essex boy in
exile in Lancashire <http://www.shrimper.org.uk>

On Fri, 23 Nov 2007 19:41:12 GMT,

(Ekul Namsob) said:

Tom Crispin said:

On Fri, 23 Nov 2007 13:44:38 +0000, Paul Boyd

usenet.is.worse@plusnet said:

dannyfrankszzz said the following on 23/11/2007 13:18:

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

Well, if the first offer is £10m, I might be inclined to accept!

Just one thing though - I accidentally found myself tied up with one of
these no-win-no-fee type outfits years ago. Avoid them like the plague.

Oppps! Why?

My wife's experience was that they (Paul Rooney Solicitors) were
ridiculously slow to respond to any communication.

That is my experience too - but I don't think that really matters. It
is the quality of the case that they put forward on my behalf that
matters. So far I am delighted. I have been seen by a Harley Street
consultant, and my case has been put to a barrister to calculate a
value. A report came back which failed to make note of the permanent
disfigurement of my shoulder and photos have been passed back to the
barrister to reassess. My damaged bike parts have been seen, and
written off, by an engineer.

The third party insurers are dragging their feet, but that is not a
fault of the no win no fee solicitors.

On 23/11/2007 17:01, Tom Crispin said,

Quoted message said:

Oppps! Why?

The bunch I got tied into had no interest whatsoever in my case. The
only reason they continued to drag the case out so long was to make
money for themselves. If it was down to me, I would have dropped the
whole thing quickly as the amount being claimed wasn't worth the hassle.
The trouble was that if I dropped it, I would have been liable for all
costs incurred by the legal cowboys and they would still have continued
with the case even if I had dropped out - with me paying the costs.
Basically, I was just a pawn in their money-making scheme.

After 30 months of stress caused by the legal process, I got back a
whopping £180. Whoopee doo! I've also had dealings with professional
solicitors, and the relationship is hugely different.

--
Paul Boyd
http://www.paul-boyd.co.uk/

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

Quoted message said:

I'm due to be receiving a pay out for injuries from an accident.

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.

If you are going to do it yourself I would phone up the CTC legal
helpline first (assuming you are a member - if not join) and ask what
they think the appropriate amount is for your case. Then at least you
will have an expert figure to guide you. Let them make their offer and
then rather than reject it tell them you were really thinking of (1.5x
the CTC figure) and expect to be negotiated back. If they are awkward
just tell them if that's the best they can do you will have to get a
solicitor after all to deal with it.

--
Tony

"The single biggest problem in communication is the illusion that it has
taken place"
George Bernard Shaw

On Fri, 23 Nov 2007 21:24:46 +0000, Paul Boyd <[email hidden]>

Quoted message said:

On 23/11/2007 17:01, Tom Crispin said,

Quoted message said:

Oppps! Why?

The bunch I got tied into had no interest whatsoever in my case. The
only reason they continued to drag the case out so long was to make
money for themselves.

Wouldn't that make the third party insurers more likely to pay out
promptly?

Quoted message said:

If it was down to me, I would have dropped the
whole thing quickly as the amount being claimed wasn't worth the hassle.
The trouble was that if I dropped it, I would have been liable for all
costs incurred by the legal cowboys and they would still have continued
with the case even if I had dropped out - with me paying the costs.
Basically, I was just a pawn in their money-making scheme.

After 30 months of stress caused by the legal process, I got back a
whopping £180. Whoopee doo! I've also had dealings with professional
solicitors, and the relationship is hugely different.

So far I have been satisfied with the communication and service I have
received. I can't say that I have had a personal service, but it
seems to have been efficient and I have been kept well informed about
progress, even without requesting updates.

Tom Crispin said the following on 24/11/2007 02:29:

Quoted message said:

Wouldn't that make the third party insurers more likely to pay out
promptly?

Yeah, right! The third party was RBS. Apparently they're notorious in
the industry for dragging out for as long as possible in the hope that
the other party will give up. This case was very clear-cut, as was
proven in court despite no recorded witnesses, yet they still dragged it
unnecessarily.

Quoted message said:

So far I have been satisfied with the communication and service I have
received. I can't say that I have had a personal service, but it
seems to have been efficient and I have been kept well informed about
progress, even without requesting updates.

I'm sure there are those who work professionally, but my experience
soured my view of the lot of them. Communication? There's a novel
concept :-)

--
Paul Boyd
http://www.paul-boyd.co.uk/

On Sat, 24 Nov 2007 07:38:39 +0000, Paul Boyd

usenet.is.worse@plusnet said:

Tom Crispin said the following on 24/11/2007 02:29:

Quoted message said:

Wouldn't that make the third party insurers more likely to pay out
promptly?

Yeah, right! The third party was RBS. Apparently they're notorious in
the industry for dragging out for as long as possible in the hope that
the other party will give up. This case was very clear-cut, as was
proven in court despite no recorded witnesses, yet they still dragged it
unnecessarily.

Quoted message said:

So far I have been satisfied with the communication and service I have
received. I can't say that I have had a personal service, but it
seems to have been efficient and I have been kept well informed about
progress, even without requesting updates.

I'm sure there are those who work professionally, but my experience
soured my view of the lot of them. Communication? There's a novel
concept :-)

Here's a scan of a letter I recieved recently.

The "recent" telephone conversation, mentioned in the opening
paragraph, was four weeks ago.

However, I am being kept fully informed, and I hadn't even requested
an update. I knew from the outset that the claim would take anything
between 12 months and 3 years to settle. It seems now as if it might
all be done and dusted within 12 months. And I won't have to forfeit
a single penny of my claim towards legal expenses. Remarkable - if it
works.