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Updated 6 months ago,
Lawyer negotiated 40% down of claim
Hi BP family,
This is my first time dealing with this issue and it was a good lesson to learn how important to buy house insurance.
Issue:
Last October 2023, a pipe under the floor leaked from my upper condo unit to the downstairs unit causing damage to the neighbor's kitchen.
My condo was paid off, so little did I know, I didn't buy an insurance policy at that time (failed). So I don't have an insurance company to fight for. My neighbor's insurance company claimed $27,500 for my negligence.
I paid a lawyer $6500 to negotiate with the neighbor's insurance company. After a year, my lawyer negotiated a settlement offer for $17,000 which is 40% lower than the original price.
Should I keep negotiating it or this is a good deal?
Thank you all in advance for sharing your opinions :)
Elsa