What is “nuisance value?”
This is a term used by insurance companies and their lawyers when making an offer on a case for which they think has little or no merit. It usually involves disputed liability cases, such as premises liability cases or any other legal matters where the insurance company denies the claim, and refuses to pay any money to offer in settlement. When an injured party pursues the case after the claim is denied and a lawsuit is commenced, at some point where the case goes to mediation or shortly before trial, the insurance company will offer a small amount of money to settle the case, usually several thousand dollars to cover court costs. This is what is meant by “nuisance value.”
Were you injured in an accident? Do you have questions on the value of your case for settlement purposes? Call one of the experienced personal injury lawyers at Karp & Iancu, S.C. for an initial consultation.
