Farmers Arbitration Process
If you were in an accident with your vehicle and have Farmers insurance, you should understand the arbitration process. Arbitration is an alternative method to resolve legal disputes without going to court. Arbitration is used to resolve who is liable to pay for car accident damages and injuries between two insurance companies. The arbitrator is a qualified third party who will review the evidence and render a decision. There is no appeal possible.
Arbitration can be a wise course if car accident claim settlement negotiations with Farmers have broken down. Below is more information about the arbitration process. You can learn more about the Farmers Insurance Claims process here.
Overview of Farmers Arbitration Process
The arbitration process is started with one insurance company informing the other that they want to go to arbitration to resolve your claim. This done in writing. One of the common areas of negotiation between the sides in arbitration is determining who will preside over the case. Each insurance company (or you) will need to agree to who will arbitrate the case. The arbitrator is required to be neutral and fair according to state and federal law.
Arbitrator Is Selected
Once both insurance companies have agreed to the arbitrator, a date is chosen for the arbitration hearing. This is also the deadline for each insurance company to turn in documents and evidence that support their arguments. There may be disagreement between the insurance companies about how much your rehabilitation will cost, or how much future wages you should receive in the settlement.
After both companies have turned in their evidence to the other side, there is a period where each side reviews the case. This may allow Farmers and the other insurance company to settle before the hearing date. It is common for one side to see the other side has a stronger argument than they thought. That is why up to 2/3 of these cases settle before the arbitration date.
Arbitrator Gives Decision
After the hearing and each insurance company makes its case, the arbitrator renders a decision. This can take weeks or months. The arbitrator issues an awards statement that is brief and states what each side of the case gets and who pays for which fees.
Talk To An Attorney
Your insurance company may decide to go to arbitration on its own, but if the matter involves you, it is wise to have the case reviewed by an experienced arbitration attorney. You can use our website to find a qualified attorney in your state.