In this Insurance forum you can discuss and advice on all insurance topics.


No announcement yet.

Auto Insurance

  • Filter
  • Time
  • Show
Clear All
new posts

    IDEAS Auto Insurance

    When accidents occur, whether an auto accident, slip and fall, medical malpractice, wrongful death, or any other non workplace related injury happens, structured settlements are often set up with insurance companies to pay for these tortious acts. People who are in involved in personal injury or insurance related cases elect to receive a series of payments over a substantial period of time rather than receive an immediate lump sum payment. These payments typically total more than the amount a person would have obtained for an immediate payment. The injured party(Plaintiff) goes through a process whereby they elect to take this protracted payment, and sign off on a "Settlement and Release Agreement" allowing the Insurer(Defendant) to purchase an annuity policy on the insured's behalf that would provide for monthly, quarterly, or yearly payments to the injured party, who now becomes what is called the Annuitant.

    With the advent of new 2002 Federal Laws, and further State Protections, the injured party now has the right to get cash for their structured settlement by selling this annuity stream to an independent third party if he or she so desires. These periodic payments that flow from an insurance company annuity contract(called a structured settlement), may be
    transferred at anytime in the future for a lump sum today, but great care should be taken to ensure that the injured party obtains a proper court order. The reason for the court order is one of protection for the injured party, and that protection is twofold; first to protect the annuitant(injured party) from an unscrupulous transaction, and secondly, and just as important in our opinion, to preserve the tax free nature of the transaction. Without obtaining a court order, the proceeds received would be completely taxable, a frighteningly foreboding scenario.

    The structured settlement holder should be aware that these annuity sales have specific legal guidelines that differ from state to state. These specific elements must be adhered to strictly in order to complete the transaction. Typically, the injured party receiving the payment stream must execute(sign) a new transfer and assignment agreement disclosing all contractual terms and the price to be paid.

    At this point the injured party may be wondering how difficult it is for them to get cash for their structured settlement, since the procedure seems complex. In fact, the sale of a structured settlement annuity is a simple, straightforward process that any institutional funder has done thousands of times, and will handle all the paperwork properly. The only thing the injured party need do is make certain they provide the funder with the proper paperwork required in a timely fashion. This process is really a simple cookie cutter transaction. Once in court, the potential sale is announced to all interested parties and then is submitted to the court for their approval.

    Bear in mind that this procedure is a process, and typically will take at least 90 days to consummate. In order to expedite the process, the injured party needs to make certain that they respond immediately to requests for information and paperwork from the funding party. The institutional funder should have a vast knowledge of the structured settlement business, and have consummated numerous transactions, and offer you referrals. This is for your protection and an acknowledgement that all proper legal guidelines will be adhered to. If your structured settlement company doesn't meet these requirements, use someone else.

    Can you get cash for structured settlement? Yes. Provided your follow these easy guidelines.

    I wish to buy a car soon from UAE and get it registered there for my use. After quite research I ended up with few car insurance companies. I want the best motor insurance online. I have attached link to my spotted one in former line. Can anyone help me out. I need off road coverage also.


      I can say I have selected the best car insurance policy in abu dhabi because after quite reviews I found Tameen or Oman insurance company offers excellant covers in affordable price.


        Preventing problems is also very important, so you should buy a car diagnostic app. I always check my car, and I have already managed to prevent a couple of problems. In addition, I would recommend this OBD application, it's free and works much better than most standard ones.


        Previously entered content was automatically saved. Restore or Discard.
        Smile :) Frown :( Confused :confused: Mad :mad: Stick Out Tongue :p Wink ;) Big Grin :D Embarrassment :o Roll Eyes (Sarcastic) :rolleyes: Cool :cool: EEK! :eek:
        Insert: Thumbnail Small Medium Large Fullsize Remove  

        Type the word BU SI NE SS without space

        Related Topics


        • Grabo
          About Buildings Insurance
          by Grabo
          If if you're a property owner or house owner - or you will soon become a house owner- then you need to think about having a buildings insurance coverage....
          23-08-2017, 09:20 PM
        • Kola
          About Car Insurance Policy
          by Kola
          The Advantages of getting Third Party Vehicle Insurance, car insurance policy covers the particular owner just in case of any kind of legal liability...
          22-08-2017, 10:33 PM
        • Wole.K
          About Commercia Property Insurance Policy
          by Wole.K
          An insurance plan for business and other agencies that insures towards damage to their properties and contents because of loss, just like fire. This particular...
          24-08-2017, 04:50 PM