The American Association for Justice (AAJ) has exposed some of the most underhanded ways insurance companies attempt to make money at the expense of victims in a publication called Tricks of the Trade: How Insurance Companies Deny, Delay, Confuse and Refuse. According to the AAJ, insurance companies have trillions of dollars in assets, pay their CEOs more than in any other industry, enjoy average profits of over $30 billion a year, deny valid claims to boost their bottom lines, and
Our personal injury lawyers relay that it is crucial for an injury claim to be documented and supported by medical records. Even if you do not feel hurt, you need to get checked out. It is extremely common to not feel any pain for the first few days after the car accident, only for the pain to set in at a later point. If you did not get checked immediately after the accident, the insurance company may argue that you
Generally, the rental vehicle provided to you should be comparable to the vehicle that was damaged, but the rental company’s inventory at the time is usually taken into account. Before obtaining the rental car, it is wise to first contact the insurance company to ensure that they will pay for the cost of the rental car. Usually, insurance companies can quickly make a rental car reservation for you. Rental Cars for a Total Loss Claim If your vehicle is totaled,
In most cases, you should feel free to handle your property damage claim yourself. After you car is appraised, the insurance company will let you know if the car is considered a total loss or if it can be repaired. A motor vehicle is considered repairable if the cost of the repairs and supplemental claims (e.g., rental car expense, towing fees, and storage fees) are less than 75% of the fair market value of the vehicle prior to the accident.
After an automobile accident, the towing and storage fees can be significant. A vehicle may need to be towed multiple times, with each tow adding to the total costs. For example, many times a damaged vehicle will be towed from the site of the accident to a storage facility until further arrangements are made, and then the damaged vehicle will need to be towed from the storage facility to the repair shop that the client chooses. Often clients ask who will be
Shortly after a car accident, truck accident, or motorcycle accident, you should be contacted by an adjuster from your insurance company, from the other driver’s insurance company, or both. The way that you respond to the adjusters’ questions is crucial to preserving your rights and trying to get the most possible for your claim. Below are a few tips to keep in mind when negotiating your claim with insurance companies. The Adjuster for the Other Driver’s Insurance Company Is Not