In A Personal Injury Claim, What Is The Insurance Company's Game Plan?
What's the insurance company's game plan in an injury claim? To profit from time, explains Oakland attorney Andrew Dósa. When you file, the insurer sets a 'reserve'—the amount it expects to pay—in an interest-bearing account. So while your case drags on for a year or two, the company earns investment income on the very money it will eventually owe you.
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Answered by Andrew Dósa · Oakland, CA
Highlights
— the 'reserve' an insurer sets aside the moment you file
Frequently Asked Questions
What's the insurer's game plan in an injury claim?
To profit from time—when you file, the insurer sets a 'reserve,' the amount it expects to pay, in an interest-bearing account, so while your case drags on for a year or two the company earns investment income on the very money it will owe you.
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