What Does an Insurance Appraiser Do?
When filing an insurance claim, you want to receive your fair share. Having an insurance policy can help you get back on your feet after a car accident or a catastrophe, and in many cases, it’s a legal requirement. However, many remain skeptical of insurance companies. People believe that these companies want to cut costs on policyholders, and unfortunately, in some cases, this is true. This is where insurance appraisers come into play. Basically, an…Continue Reading
Dangers of Settling with an Auto Insurance Company
A car accident can turn your entire life upside down. One minute you’re driving into work, going to the store, or picking up the kids. Then, in an instant, your car is damaged and you’re in pain. You probably know that you need to file an insurance claim. But how does the claims process work? What do you need to do to obtain the money that you deserve? You’re faced with more questions than you…Continue Reading
Insurance Basics: Drafting the Perfect Demand Letter
Have you suffered a personal injury as a result of someone else’s negligence? Maybe you were involved in a rear-end collision with a distracted driver. Or, perhaps the negligence of a store owner resulted in unsafe conditions that led you to slip and fall. As a result, you may be struggling with pain, mounting medical bills, lost wages, or property damage. When your injury is someone else’s fault, you may be entitled to compensation. Of…Continue Reading
15 Tactics to Reduce the Cost of Your Car Insurance
Thinking as an insurance agent can help you reduce the cost of your insurance premium, and to do this you must think about the following: Drive a cheap vehicle: Driving a new vehicle will only make you need the most expensive insurance policy to cover any eventuality with your vehicle. Be the owner of your vehicle: If the car is not yours, you cannot decide which insurance policy is best for you. If you drive…Continue Reading
Why Insurance Companies Do Not Want Injured Victims to Hire Attorneys
Insurance companies and adjusters always want to convince victims, even with the most serious of injuries, not to hire counsel. It could be because the insurance company often faces negative exposure in cases where someone is paralyzed, suffered the loss of a limb, or sustained a devastating head injury. They hope to convince a victim to not get the help they may need. Some comments an insurance company may make are: “You don’t need a…Continue Reading
What is Good Faith and Who Forces Insurance to Act this Way?
Insurance policies create a contract that requires an insurance company to act in “good faith”. This foundation requires both parties to act with the utmost honesty and not to arbitrarily interpret the terms included in the agreement. If you are involved in an automobile accident, both the insurer and the insured are expected to act in good faith. You as the insured must give the information of the crash or accident without altering it, always…Continue Reading
What Determines the Price of an Auto Insurance Policy?
Many factors affect the price of an auto insurance policy, and these same factors help calculate the chances of having a car accident. According to the Insurance Information Institute, these factors are: Driving record: the better the record you have, the lower your premium. Avoid traffic violations, accidents and tickets. You may also pay more money if you are a new driver or if you haven’t had any vehicles. Usage of the car: the more…Continue Reading
Tactics Insurance Companies When a Car Accident Lawyer is not Present
When dealing with your car insurance company, it’s imperative to consult an attorney to guarantee a suitable compensation. Insurance companies use various tactics to lower the compensation you should receive. Take a look at the following examples: They take advantage of the Hispanic culture by rambling while they barely allow Hispanics to speak - this happens when they are taking the statement How is the weather today? It’s going to rain because it also rained…Continue Reading
What Information is Essential for Filing a Claim with My Insurance Company After an Accident?
Generally, the following information will be required: All your medical bills All medical records Medical records prior to the accident (so the insurance company can verify if there are previous injuries) Any loss of salary incurred Any additional expense Any pain and suffering you have endured because of the accident Any previous history of accidentsContinue Reading
What Do I Do if the Appraiser From the Insurance Company Calls Me After the Accident?
The at-fault party's insurance adjuster will contact you shortly after the accident. The appraiser will ask you to fill out the following documents: Signature of authorization to obtain medical records Signature of authorization to obtain work records A recorded statement Generally, it is a good idea to not provide too much information, especially in the recorded statement. The reason for this is because you do not want to say anything that could damage your claim.…Continue Reading