I'm in dispute with an insurer. There's an arbitration clause in the policy and I'm currently inclined to invoke it. I'm currently having engineers professional opinion formalised by way of a report.
The issue concerns building defects in relation to my home. I'm trying to figure out what resources I need to make available to see this through. i.e. once we agree an arbitrator, can it be as simple as the submission of reports from each side - with the arbitrator weighing up matters on the basis of same? ....or ....Will I have to have my engineer present?
How protracted is the arbitration process? i.e. Is it likely to involve multiple meetings (the matter is of importance to me personally but I wouldn't imagine it's the most complex of matters that get thrashed out in arbitration or elsewhere) - and drag on for a considerable length of time?
How can I gauge financial exposure (in the event of being the unsuccessful party in arbitration and having costs go against me)? I intend to represent myself - and back up my position by way of the engineers report and the engineers direct input into the process if it's deemed necessary. Presumably the other party (an insurer with deep pockets) will rock up with solicitor(s), claims management agent & engineer(s).
In the event of an unsuccessful outcome, will I have to pay for such costs or solely for the cost of the arbitrator? Can anyone provide a very rough outline of what an arbitrator would charge for a matter of this nature?
The issue concerns building defects in relation to my home. I'm trying to figure out what resources I need to make available to see this through. i.e. once we agree an arbitrator, can it be as simple as the submission of reports from each side - with the arbitrator weighing up matters on the basis of same? ....or ....Will I have to have my engineer present?
How protracted is the arbitration process? i.e. Is it likely to involve multiple meetings (the matter is of importance to me personally but I wouldn't imagine it's the most complex of matters that get thrashed out in arbitration or elsewhere) - and drag on for a considerable length of time?
How can I gauge financial exposure (in the event of being the unsuccessful party in arbitration and having costs go against me)? I intend to represent myself - and back up my position by way of the engineers report and the engineers direct input into the process if it's deemed necessary. Presumably the other party (an insurer with deep pockets) will rock up with solicitor(s), claims management agent & engineer(s).
In the event of an unsuccessful outcome, will I have to pay for such costs or solely for the cost of the arbitrator? Can anyone provide a very rough outline of what an arbitrator would charge for a matter of this nature?