Quote:
Originally Posted by 767Jockey
I'm guessing I'm the only one who can't figure out what the whole issue and point is here?
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1) The insured picks a high number for loss of use.
2) The insurance carrier picks a low number.
3) Both sides hire prostitutes to opine on the value.
4) Both sides depose the other side's prostitute and run up billable hours.
5) The carrier tries to keep the case from going to a jury. Juries hate insurance carriers.
6) If the carrier can't keep the case out of the hands of a jury, they will likely settle for a higher number.
7) If they can keep the case away from a jury they will settle, but for less.
8) If the insured is unreasonable, the case will not settle.
All numbers are just made up by whatever side you're on. That's how the game is played.
