Podcast
Questions and Answers
Which of the following is the purpose of conducting a policy limit search?
Which of the following is the purpose of conducting a policy limit search?
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When should a policy limit search be done for tier 11, 12 or 21 cases?
When should a policy limit search be done for tier 11, 12 or 21 cases?
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How can policy information regarding the defendant be obtained if it is not possessed?
How can policy information regarding the defendant be obtained if it is not possessed?
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When should the defendant's policy limits be known in a case?
When should the defendant's policy limits be known in a case?
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When should an umbrella search be requested?
When should an umbrella search be requested?
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What is the purpose of a policy limit search?
What is the purpose of a policy limit search?
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What can be done to save the cost of a policy limit search?
What can be done to save the cost of a policy limit search?
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When is it important to thoroughly investigate a client's background in a high-value case?
When is it important to thoroughly investigate a client's background in a high-value case?
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Which search can help lawyers and insurance professionals gather information about a party's insurance history, including past claims?
Which search can help lawyers and insurance professionals gather information about a party's insurance history, including past claims?
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When should a Carfax search be conducted in a personal injury case?
When should a Carfax search be conducted in a personal injury case?
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What kind of information can be obtained through a LexisNexis search?
What kind of information can be obtained through a LexisNexis search?
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When is it imperative to conduct an asset search on the defendant in a case involving substantial damages?
When is it imperative to conduct an asset search on the defendant in a case involving substantial damages?
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What can be obtained through an asset search?
What can be obtained through an asset search?
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Which search can provide information about a vehicle's accidents and existing damage prior to the date of loss?
Which search can provide information about a vehicle's accidents and existing damage prior to the date of loss?
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What kind of information can be obtained through a background search?
What kind of information can be obtained through a background search?
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When should an ISO search be conducted in a personal injury case?
When should an ISO search be conducted in a personal injury case?
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Study Notes
Policy Limit Search
- Conducted to determine the insurance coverage available for a defendant in a legal case.
- Important for evaluating potential recovery and settlement strategies.
- A policy limit search should be performed for tier 11, 12, or 21 cases to ensure comprehensive assessment of insurance coverage.
Obtaining Policy Information
- If policy details are unavailable, information can be acquired from insurance companies, state databases, or through discovery processes.
- Knowledge of the defendant's policy limits is critical early in a case, especially when assessing liability and damages.
Umbrella Searches
- An umbrella search should be requested when there's a suspicion that the defendant may have additional layers of coverage beyond their standard policy.
Cost-Saving Strategies
- To reduce costs, consider checking existing databases or utilizing public records before conducting an extensive policy limit search.
Background Investigation
- Thorough investigation of a client's background is essential in high-value cases to uncover relevant financial details and past claims that may influence the outcome.
Insurance History Searches
- Utilizing searches like ISO helps lawyers and insurance professionals gather detailed information about a party's comprehensive insurance history and previous claims.
Carfax Search
- A Carfax search should be conducted in personal injury cases to determine a vehicle's accident history and any prior damages that may relate to the case.
LexisNexis Search
- LexisNexis can provide a wealth of information, including public records, financial data, criminal history, and previous lawsuits involving the defendant.
Asset Search Importance
- Conducting an asset search is crucial in cases involving substantial damages to ascertain if the defendant has sufficient resources to meet financial obligations from potential judgments.
Asset Search Outcomes
- An asset search can reveal property ownership, bank accounts, investments, and other financial resources that may contribute to the defendant's liability.
Vehicle Damage Knowledge
- A search can provide insights about a vehicle’s history, including accidents and existing damages before a specific incident occurs.
Background Search Information
- Background searches can yield personal history, employment records, financial status, and past legal issues relevant to a case's context.
ISO Search Timing
- An ISO search should be conducted early in personal injury cases to ensure all possible insurance coverage options are evaluated promptly.
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Description
Test your knowledge on policy limit searches and learn how and when to request them in investigations on a case. Discover the importance of conducting a policy limit search to determine the maximum insurance coverage available from the defendant's party's insurance provider. Gain insights on making decisions such as when to send a demand authorization for medical treatment and understand the approximate time frame for the case.
