After obtaining the policy limits of $50,000 from the third party at-fault driver in a two-car motor vehicle accident where DPLLP’s client was rear-ended, DPLLP initiated arbitration proceedings against the first party insurance company for failing to provide adequate compensation through plaintiff’s Underinsured Motorist (UM) coverage with his own insurance company. The insurance company offered only $25,000 in additional settlement money to our client. This offer was rejected and DPLLP spent over two years preparing the case for arbitration, including substantial expert medical work-up. The case was arbitrated and DPLLP Partner Gus Panagotacos was able to obtain a recovery for his client in excess of $325,000.00, including recovery for pre-judgment interest and litigation costs.
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