Welcome to Part II of our series discussing five factors that are significant in determining the value of your automobile accident claim. Today we will discuss how insurance and available insurance coverages play a a large role in the success or failure of your claim, and how they also play off of each other, sometimes resulting in far different outcomes for a very similar type of claim.
The truth is that there are certain insurance companies who just don’t care. They have no problem putting up a fight about any given situation and couldn’t care less about how unfair they appear to everyone involved. In essence, they force the injured party to file suit just so they can get the bare minimum paid on their medical bills.
And it’s only getting worse.
We are seeing more and more of it every day when in reality, a reasonable settlement would benefits both parties much better. Especially as they have just been through a traumatic auto accident. Anyone involved in a personal injury claim can count on insurance being a significant part of it. The amount and type of coverage are an important consideration in the overall formula. The more painful and severe your injuries usually leads to more money than what they would have otherwise paid. They also look at potential long term effects and whether or not you will be permanently disfigure or scared.
Some of the most severe injuries come from those who are underinsured or not insured at all. If you have adequate insurance your outcomes are better and you will likely resume restorative health much more quickly.
By law, you must have liability insurance as it is what covers you in the event you are at fault for an accident. This is not to be disputed, however it is frequently disobeyed which is why the next type of insurance policy was created.
Uninsured motorist is to protect yourself if you are in a incident with a driver who is underinsured or fails to have insurance at all. Purchasing this policy is an excellent safeguard to protect yourself against other drivers that you can’t control, which is all of them.
You have no control over whether or not a driver stays out half the night drinking and then gets behind the wheel of the car. This is the best method to protect yourself against other motorists and is something most insurance companies will allow you to purchase.
This is the insurance that pays for medical care and prescriptions, in addition to lost wages and other payments. It is based upon the amount of medical coverage you would need and is considered a critical policy to have. The payout amounts usually range from $500 to $50,000.00. This insurance would serve as your primary insurance before any other health insurance you might have. It is very inexpensive and is fantastic in safeguarding against the unforeseen car crash and subsequent medical care.
To summarize, there are many more than the six factors we discussed that have an impact on the outcome of your claim. It is essential you obtain a lawyer to help you through this process. You attorney will be of great help in helping you get the best possible settlement at the end of the case.