At many property and casualty companies, structured settlements have gained a solid following. Yet, many claim professionals still hesitate to incorporate them into negotiations. This shuts off a viable settlement option, as an outside structured settlement consultant is, essentially, a free resource to help settle open cases.

Some of this hesitancy probably stems from a misunderstanding of structured settlements’ role in the claim process. Typically, they are not substitutes for cash settlements, although there are exceptions. Rather, a structured settlement is most effective when used as a complement to cash, a replacement for that part of the settlement designed to compensate future needs.

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