multiple claimants insufficient policy limits Archives - Langhenry, Gillen, Lundquist & Johnson, LLC https://lglfirm.com/tag/multiple-claimants-insufficient-policy-limits/ Illinois Law Firm Fri, 31 May 2024 17:50:13 +0000 en hourly 1 https://wordpress.org/?v=7.1.3 https://lglfirm.com/wp-content/uploads/2023/01/cropped-LGLJ-badge2-32x32.png multiple claimants insufficient policy limits Archives - Langhenry, Gillen, Lundquist & Johnson, LLC https://lglfirm.com/tag/multiple-claimants-insufficient-policy-limits/ 32 32 What to do when an accident yields two claimants, each of whose damages exceed the total policy limit https://lglfirm.com/what-to-do-when-an-accident-yields-two-claimants-each-of-whose-damages-exceed-the-total-policy-limit/ Thu, 04 Sep 2014 13:00:09 +0000 https://lglfirm.com/?p=1865 Adjusters and attorneys alike often encounter cases where a claimant’s damages greatly exceed the policy limits for a given accident. In those cases (liability aside), the company will simply tender its policy limits, settle the case, and avoid trial and a potential excess verdict. What happens, however, when an accident yields two claimants, each of...

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