How do I Pay for Property Damage Representation (Contingency Contract)
In a contingent fee arrangement, the lawyer agrees to accept a fixed percentage of the recovery, which is the amount finally paid to the client. If you win the case, the lawyer's fee comes out of the money awarded to you. An example of this is when a client may agree to pay an attorney a percentage of the money that they receive if the attorney wins their case.
So if Attorney Carrera does not recover, no matter what expenses he paid out of pocket to work your case, you owe Gabe nothing! Its a results driven payment agreement.
Both the client and the attorney must agree to contingency payments. In most cases, parties to such an agreement draft a contract spelling out how the contingency arrangement will work. Such a contract usually includes the amount of the contingency payment and the names of the parties who will provide and receive the payment. Likewise, these agreements usually include details about what happens if a party wants to cancel the agreement and how the parties will handle disputes over payment amounts and late payments or defaults.
Attorney Gabriel Jose Carrera takes payment for his property damage cases with use of contingency payments. The contingency Payment is based on the "disputed amount" that is won. This means that you, as a client, don't need to pay out of pocket for your property damage claim case.
Disputed vs Undisputed Amounts:
In cases regarding property damage a disputed amount is the amount that an insurance company will pay out and does not contest. For example if you have $50,000 in damage to your property and the insurance company only deems that they need to pay $10,000 then the undisputed amount would be the $10,000.
An undisputed amount would be the remainder of the damage claim that was not offered to be payed (for whatever reason). This occurrence is often referred to as being of "bad faith" and unfortunately is quite common among insurance companies. Referring to the previous example of a claim being worth $50,000 and only being offered $10,000, the remainder amount of the claim ($40,000) is the "disputed amount".
Attorney Carrera only takes a contingency payment for your property damage case based on the amounts awarded on the "undisputed amounts" in your case and will fight to get your claim taken care of in a timely efficient manner.
To speak with me, Attorney Gabriel Jose Carrera, call anytime, day or night to contact my Law Office. Just dial 786-373-5786 today!