A formal settlement offer from the insurer specifying an amount to resolve all claims, often below demand.
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Written Offer
A formal settlement offer from the insurer specifying an amount to resolve all claims, often below demand.
Related terms
- Settlement Negotiation — Discussions between parties to resolve a claim without trial, typically involving the plaintiff's attorney and insurer.
- Demand Letter — A formal letter to the at-fault party's insurer stating your client's claims and demanding specific compensation.
- Contingency Fee — A fee structure where the attorney only gets paid if the case wins, typically as a percentage of recovery.