Arbitration
Arbitration is a means to bring resolution to a dispute that remains unresolved. In arbitration, both sides in a Phoenix personal injury attorney claim explain their positions to a neutral person and must accept their final decision.
It's basic attributes are that it possesses the informality of a small claims court, but is not limited in settlement amounts. If a Phoenix personal injury attorney is unable to settle the claim with the insurance company involved, the policy in question may require the matter be settled in arbitration instead of regular court.
Many arbitration clauses and state laws refer arbitrations to the American Arbitration Association rules. Arbitration is held in the county in which the plaintiff lives and not the insurance company's principle place of business.
In order to begin an arbitration proceeding, a demand letter must be drafted by the Phoenix personal injury attorney. It should include:
- The total amount sought in compensation
- The amount of lost income
- A summary description of the injuries involved
- The date and location of the accident
- A brief description of your injuries, treatment and residual issues
- A summary of the accident and why the insured party was at fault
Payment of arbitration fees is split evenly between the insurance company ant the insured person.
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