Typically lasting only a couple of hours, the hearing should be long enough for you to explain your argument, the damages you sustained and the settlement you’d like. You’ll need a strategy in mind to handle opposition from the other party, and you should have a closing statement prepared.Īll parties will be in the room when arbitration occurs. On the day of the arbitration hearing, you’ll need to come prepared to make an opening statement, call witnesses and cross-examine them, and present evidence to support your claim. While arbitration hearings lack the same formalities as court hearings, they require many of the same tasks. How Long Does Car Accident Arbitration Take? This can include eyewitness accounts, photos of damages to your vehicle or others involved in the crash, and any medical records or bills you incurred as a result of your car accident injuries. Collect any evidence you can to weaken your opponent’s case and be ready to share it during the arbitration hearing. During the time before the hearing, it’s important to review all the documents you can relating to your claim.
You’ll also choose a date for the actual arbitration hearing. Once an arbitrator has been chosen, a date is selected as a deadline for all documentation to be exchanged. Though either party can nominate an arbitrator, everyone must come to an agreement on the final choice. Often a single individual with a history as a judge or attorney, arbitrators can also be a group or an organization. Much less expensive than car accident lawsuits.īoth parties involved in the claim must agree on an arbitrator.Each party has a say in the arbitrator, whereas in court the judge you get is the judge you get.Once the process starts, it usually moves much faster than a lawsuit.Less waiting time before someone hears your claim.Some of the reasons people prefer car accident arbitration include: In general, arbitration is a more popular option with both insurance companies and the people they insure because of the relative ease and lower expenses. This means that if you have an active auto insurance policy, by law you’ve probably signed away your right to file a lawsuit for the car accident, and will have to settle any disputes through arbitration. Because of this, most insurance companies will include a required “Arbitration Clause” in the contracts they have their clients sign before approving their policy. Because of this, arbitration hearings are generally much faster, much less formal, and much less expensive than lawsuits. The major difference between an arbitration hearing and a car accident lawsuit is that one takes place in a court of law in front of a judge, the other in a neutral meeting place in front of an Arbitrator, who plays a similar role to a judge. What’s the Difference Between a Car Accident Arbitration and a Car Accident Lawsuit? The entire process generally takes no more than 80 days from the time someone requests arbitration to the point where they receive their awarded settlement.
Word vs word accident drivers#
Arbitration tends to be scheduled far more quickly than your average court case, meaning drivers have a quicker path to resolution. Others may opt into arbitration to save money and time by avoiding a lawsuit. Those living in a no-fault insurance state are required to seek arbitration when they need to resolve an accident settlement dispute. Generally speaking, arbitration is legally binding and there are no options for appealing the decision made by the arbitrator. Though less formal than a traditional court proceeding, arbitration is every bit as legally valid as decisions made by a judge or jury.
Word vs word accident driver#
Considered a last-ditch approach before a car accident lawsuit is filed, arbitration allows both the driver and the insurance company to present their case before a neutral, third-party referee known as an arbitrator. The car accident arbitration process exists to allow drivers to dispute car insurance matters without escalating to the courtroom.
Understanding the Car Accident Arbitration Process How Much Is My Car Accident Settlement Worth?.How Much Is Your Car Accident Settlement Worth?įind out the maximum compensation you could receive.
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