Arbitration In Idaho Personal Injury Cases

There are a myriad of reasons as to why individuals may become involved in disputes with their own insurance company. One such example though is during the course of handling a personal injuryv action, and after collecting insurance policy limits from the at-fault party, an injured party is required to turn to their underinsured motorist insurance policy for additional damages recovery. After seeking to recover from an injured party’s own insurance policy, sometimes disputes arise as to the terms of the insurance policy. These disputes, unfortunately, can lead to additional litigation for the injured party, in addition to the underlying litigation that gave rise to the damages in the first place. In many insurance policies there is an arbitration clause. This arbitration clause is part of the insurance policy agreement between the insured and the insurer, where both parties had agreed that in the event a dispute arose as concerning the insurance policy, said dispute would be resolved in arbitration. Arbitration is the process where, usually, an agreed upon, neutral third party is presented with arguments from both parties and then makes a decision that is binding on both parties. The decision of the arbitrator details the rights, duties, and liabilities and provides resolution for the parties involved, allowing them to move forward in bringing resolution to the disputes without the need of additional, costly litigation.

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