Saturday, March 24, 2012

Stubborn Insurance company refuses to pay judgment

There’s still no movement on the auto diminished value claim of Vic, and there’s a very good lesson for those of you following this story. I have a judgment against the other driver, I have recorded the judgment in 2 counties, and the insurance company still hasn’t paid the damages. The next step is to start collection activities such as suspending the driver’s license of the at fault driver, attaching his bank account and property, demanding the insurance company turn over information about his policy and whereabouts, among others. Despite the risk to the at fault driver of having his driver’s license suspended, and his property seized, the insurance company still refuses to pay. This is exactly the opposite of what insurance is supposed to do. Insurance is supposed provide a financial source to pay claims and judgments. This doesn’t do any good for the driver. He still hasn’t been paid for his diminished value claim. But it’s also a great lesson for do-it-yourself claimants.

2 comments:

  1. This is exactly the opposite of what insurance is expected to do. Insurance cover is expected provide a financial source to pay claims and judgments.

    ReplyDelete
  2. Exactly an opposite what an insurance company should do. Hope justice will be accomplished by the rightful claimant.

    homeowners insurance Florida

    ReplyDelete

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Before entering the practice of law, the founder, Alfred M. Abel, ran a family business in Northeastern Pennsylvania. After the business was sold, he went to law school and entered the practice of law. As a result of that business experience, he brings a unique perspective to representing clients. Often, a practical, common sense solution is quicker and more beneficial than a protracted, legal battle. After working for a firm in Philadelphia, he started his own law practice in 1982. The focus of this practice has been representing individuals, families and businesses in the areas of Real Estate, Business, Personal, and Corporate Bankruptcy, Debt Collection, Import and Export cases, Personal Injury, Wrongful Death, Professional Negligence, Consumer Protection, Wills, Estates, Trusts, and Entertainment. He has been married for 20 years and has one daughter. Bar Admissions: Pennsylvania, 1981 U.S. Federal Court, 1981 Federal Courts - Third Circuit Bar Associations: Pennsylvania Bar Association Montgomery County Bar Association Philadelphia Bar Association