If you answered yes to any of these questions, then you’re exactly the kind of person who’s targeted with this delay tactic. Are you watching your bills pile up? Do you feel desperate for that check from the settlement? Are you wondering how you’re going to pay for a rental car in the meantime? Have you avoided seeing a doctor because you can’t afford it? If you’ve been in a bad wreck, you likely need money to pay for your car damage and medical bills. One way they do this is by dragging out the claims process. When you make a claim, insurance adjusters start looking for ways to devalue or deny it because the less they pay you, the more they get to keep. Sadly, this creates some backwards incentives. And while there’s nothing wrong with profits, the problem is that in order for an insurance company to be profitable, they have to pay out less in claims than they take in. Why Your Adjuster Isn’t Returning Your Calls It’s a tactic some adjusters use to try and decrease the value of your claim. Unfortunately, there’s a good chance your adjuster is avoiding your calls on purpose. I get a lot of calls at my firm from frustrated accident victims who want to know why the insurance adjuster isn’t calling them back and what they can do about it. You might be surprised to learn that you aren’t the only one who has this problem and it’s not just your adjuster. They’ll be your contact person during the claims process and you’ll rely on them to move your claim forward. But what if they stop calling you back? Unreturned Calls Is a Common Problem Once you start your claim, a single insurance adjuster will be assigned to your case. Since the person who caused the wreck is also responsible for paying for any damages and injuries, you’ll need to figure out who caused the wreck (You? The other driver? A third party?) and then start a claim using their insurance. If you’ve been in a car accident, one of the first things you’ll do is contact the at-fault driver’s insurance company. Talk to a AAA agent to learn more about property damage liability coverage and the benefits of a AAA Membership, including insurance discounts, legendary 24-hour roadside assistance, and even discounts on everyday purchases.Posted in: Personal Injury by Anderson Injury Lawyers Ask your insurance agent whether it makes sense to buy more coverage than your state requires, since raising your limit usually won’t increase your premium very much. Keep in mind that if you cause damage that exceeds your coverage limits, the person whose property you damaged will probably expect you to pay the difference yourself, and may even take you to court. The limit is the maximum dollar amount that your policy will pay for damages you cause, per accident. How much property damage liability do I need?Įach state sets its own minimum limits, which range from $5,000 to $25,000. Property damage liability does not cover expenses for: What doesn’t property damage liability cover? Lost income to a business if damage to that business caused it to close.Fences, lampposts, mailboxes, telephone poles, and guardrails.Buildings such as homes, offices, and stores.Vehicles, including replacement parts and auto body shop labor.Your property damage liability policy pays to repair or replace property that you damage, such as: What does property damage liability cover? If your damage liability coverage has a $5,000 limit, your policy will pay $5,000 toward damages and you’d pay the additional $1,000 out of your own pocket. You hit a car, causing $5,500 in damage, then spin around and crash through someone’s fence, which now requires $500 to repair. Let’s say you’re driving and get distracted while changing the radio station. This type of coverage works on a per-accident basis. Depending on the state you live in, you may need to deposit money with the state treasurer, for example, or obtain a surety bond. In order to forego property damage liability, however, you might be required to deposit significant funds that will be used to pay for any damages you might cause. Property damage liability insurance is required by law in most states, although some allow you to decline this coverage if you have enough assets to pay for possible damages. If your car collides with someone else’s vehicle or property, your property damage liability policy funds the repairs, up to the policy’s limits-even if you live in a no-fault state. What is property damage liability insurance? When this happens, property damage liability insurance may cover those expenses-up to your policy limits. If your vehicle damages someone else’s property-whether it’s their car, fence, or mailbox-you may be financially responsible for the repairs.
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