Can your insurance companny force you to settle a claim if you made a verbal promise, and found out later this was a mistake to settle and you changed your mind?
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Read More Answered By: Andrew Solomon |
It depends on the circumstances of the settlement. Was this a claim for property damage or personal injury? Was this dispute in court? Generally, no setlement is official until you actually sign a written release. A verbal agreement to accept a property damage settlement would generally not be binding in the case of a mistake, and they would have to take you to court to enfore the settlement. On the other hand, if you were trpresented by an attorney and he verbally accepted a settlement with the insurance company on your behalf, then you migh be stuck with it, and your only choice would be to sue the lawyer, but this would be difficult if you initially gave the lawyer permission to settle for a specific amount. |
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