Will The Binding Arbitration Affect My Case In Any Way?

It depends. If you are on the winning side, you will get the insurance coverage. If you are on the other side, you will not receive anything at all, leaving you to find a way to deal with every cost.

Binding arbitration is nothing like a lawsuit, such as the one in court. This process is rather more informal, and it takes place in front of an arbitrator or a panel, composed of three arbitrators. Their main role is to decide who wins and who loses the case. The negative part of this arbitration is that once it is settled, the losing person has little to no right of appeal, as he would in court. If you lose, you will have to settle for the decision the arbitrators take.

If you are on the winning side, you will get the insurance coverage. If you are on the other side, you will not receive anything at all, leaving you to find a way to deal with every cost.

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