One of the first questions a claims adjuster ask's himself, is "what is this going to cost us, minus the deductable" and then his decision is influenced by the remaining liability.
A $5,000 claim with a $2,500 deductable would only cost the insurance company $2,500 and they would probably go the settlement route.
One of the points I was trying to make was that any claim will probably end up costing a registrant money and on January 1, 2010 with the limit on Small Claims Court cases rising to $25,000 the number of claims involving real estate agents may increase.
Time will tell.
Important Notice: This information is provided as basic educational information by the author and is not a substitute for the advice of an expert and/or the advice of a lawyer. There is NO representation as to legality, accuracy, correctness of the herein information and the reader is strongly urged to consult a lawyer in the relevant jurisdiction to ensure accuracy before acting on this information .