My liability insurance went to arbitration with the other insurer's company. I am 100% fault free of the loss, and my insurance will not make payments. Will that decision also apply on the claim I filed on the other insurer - the other party insurer is giving me a hard time. Also, how does such arbitration decision affect any personal injury claims from both sides?
I was told before the arbitration that any decision will be binding. - Not sure how does translate, because a lot of posts I read from AVVO says that decisions in arbitration or mediation does not carry that much weight. So what is it?
Ethics / Professional Responsibility Lawyer
Arbitrations between insurance companies are a way they allocate losses between themselves. Such awards have no bearing on whether your claims will be paid. If you were injured, you need a lawyer. Insurance companies generally take advantageo f people who are unrepresented.
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7 lawyers agree
Personal Injury Lawyer
The arbitration is not binding on you just the insurance companies. If the other insurer is giving you trouble and you have significant injuries, then you should hire a board certified personal injury lawyer who will work on a percentage fee.
This is not legal advice. You should always discuss the specifics of your issue in person with an attorney. Be aware that there are time limits on all claims that depend on the kind of claim, so do not delay in seeking an attorney.