The insurance company of the guy who knocked me off my bike made an offer to settle liability last week. At 60/40 (in my favour).
i.e. he takes 60% of the blame (and pays me 60% of whatever my settlement works out to) and I take 40% of the blame (and pay him 40% of whatever fixing his car cost).
I instructed my lawyer to reject the offer rather firmly. Negotiations continue.
My lawyer did recommend that I reject this offer by the way, not that there was any chance of me accepting it. As far as I'm concerned, he's 100% to blame and I'm not settling for anything less. I strongly suspect that this is their opening move in a haggling game which will settle down to the ultimatum "80/20 or it goes to court". At which point I will go to court, unless my lawyer advises otherwise in a very convincing manner.
I spoke to her on the phone this afternoon and got a few very tentative ideas as to timescales and ballpark figures for settlements, as well as a bit of a feel for how she's viewing the liability negotiations so far. ( Read more... )
i.e. he takes 60% of the blame (and pays me 60% of whatever my settlement works out to) and I take 40% of the blame (and pay him 40% of whatever fixing his car cost).
I instructed my lawyer to reject the offer rather firmly. Negotiations continue.
My lawyer did recommend that I reject this offer by the way, not that there was any chance of me accepting it. As far as I'm concerned, he's 100% to blame and I'm not settling for anything less. I strongly suspect that this is their opening move in a haggling game which will settle down to the ultimatum "80/20 or it goes to court". At which point I will go to court, unless my lawyer advises otherwise in a very convincing manner.
I spoke to her on the phone this afternoon and got a few very tentative ideas as to timescales and ballpark figures for settlements, as well as a bit of a feel for how she's viewing the liability negotiations so far. ( Read more... )