Are There Alternative Uses for Structured Settlement Periodic Payments?
Although the concept of periodic payments has usually been applied to personal injury claims, there are other situations where payout obligations can be made on a periodic basis. Property Loss Claims Periodic payments may be an excellent means of satisfying the claims of homeowner groups or others seeking reimbursement for construction defects. Instead of receiving a single lump sum, payments are made over time to match more closely the time when repair costs are incurred. Environmental Claims and Pollution Liability Outside of personal injury claims, this is one of the greatest potential areas for the growth and use of periodic payments. From the Superfund-designated sites to the thousands of potential municipal and local sites, there is a need for clean-up funding. When determination has been made that liability for pollution exists, and the terms for clean up are established and quantified, future costs can be funded with an annuity or similar agreement offered by a life insurance c
Related Questions
- Do I pay First General Services and ServiceMaster 380 when the project is complete, or will I make periodic payments at various stages of the construction process?
- Can I sell my structured settlement payments if my state does not have a law specifying how the sale of structured settlements should be handled?
- how are payments for construction services structured?
