Page 4 - Final Version MPRC COLLATERAL OPTION 4 (8.5 × 11 in) (4)_Neat
P. 4
OPTION 2 - PAs and Lawyers
Objective : Fees
What they do
The larger the settlement, the larger the deductions for contingency fees
The longer the claim, the greater the billable hours
Inflated estimate that is not supported by facts but rather to compensate for their contingency fees
Long and extensive process before any funds are released and your claim is settled
Why it does NOT work
Difficult negotiation Out of pocket Long delays and Adversarial No further Emotional
when estimate is consultant arduous process approach leads ahead, you still burden to
inflated above expenses that which may take to ALE/LOI do not have uncertainties
market value, in may not be years payment your home and delays...and
order to pay fees recoverable stoppage repaired no home
Your outcome
Shortfall of money once Years to settle Self-funding the Repairs do not begin until Increased debt, loss of
fess are paid disagreements shortfall to complete costs and coverage home or business, or
over value and the repairs disagreements are settled bankruptcy
coverage
Shortfall result:
Your Property
Investment
33% LESS in
your property resale value
You are still not made whole. Why
would you leave 33% of your
investment money on the table?
