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Viatical Bidding - Viatical Bidding Prospective viators often make the mistake of dealing with only 1 broker or viatical company. Many times they may choose the oldest company or the biggest company. But 1 must always keep in mind that the is a seller's market, including if a potential viator seeks offers from a number of companies -at least six- the companies could attempt to outbid each other for the business. Always let all the bidders know that they are being bid against so they could not be tempted to keep their provide low. In multiple bidding it is not the easiest thing to complete a lot of forms, especially if you don't feel well, but it is the only way to be sure you are selling your policy for top dollar. 1 option is to send copies of a Xeroxed form to several companies. the may work well for the initial stages pertaining to the bidding process. Also, many brokers could tell you that they could bid multiple companies with just 1 set of papers. If you choose the method, then ask the broker to give you a list pertaining to the names of each company that they submitted your policy to. Also, the broker must mention the amount of each bid that was received. Some caution must additionally be implemented at the time dealing with the brokers. There are some brokers who could recommend the company that pays them the highest fee, rather than you the highest price. Also, do not forget to mention to your doctor the number of companies that you are applying to. the could create fewer hassles for your physician including help him in making a number of copies of your medical records. Soliciting multiple bids helps in obtaining the best offer, including the bidding system often results in a cash settlement that is several thousand dollars more than the provide they will have received had they gone through just 1 company.
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