Today's insurance companies are businesses. Long gone are the days when they gathered from the many to protect the few. Instead, modern insurance companies' goals are to maximize their profits. The easiest way for them to maximize their profits is to their reduce costs, and their biggest cost is paying claims. Therefore reducing the cost of claims is the name of the game.
Insurance companies will reduce the cost of your claim at each step of the claims process. The end result is large profits for the insurance companies.
First, the insurance companies will encourage you to use their "Direct Repair Program" (DRP) auto repair shops. These DRP auto repair shops agree to accept a flat rate from insurance companies for work performed. However, these rates are so low that many of these DRP repair shops have to use aftermarket or reconditioned parts. These aftermarket parts reduce the resale value of your car, and sometimes are even unsafe. However, this arrangement saves the insurance companies a lot of money on repair bills.
Next, the insurance company will tell you that repair costs for your car were so low that... read article
Sometimes the symptoms of the most traumatic injuries do not show up until well after an accident occurred. It’s rare that an injury takes the time to manifest, but certain injuries can. So what do you do when you know your injury is from a recent accident, but you didn’t realize how much damage your body incurred at the time? Can you still file an injury claim? It can be more tricky than typical accident injury claims, but the short answer is yes, you can file a claim for a delayed accident injury.
What Types Of Injuries Are Delayed?
There are many types of injuries where the symptoms do not appear until long after the accident. Some of the most common delayed injury symptoms include:
Headaches from blood clots, traumatic brain injury (TBI), or concussions can show up days or even weeks after an accident occurs.
2. Neck/Shoulder Pain
Neck and shoulder injuries such as whiplash and spinal injuries can also not appear until well after the crash.
3. Back Pain
Back pain from slipped or herniated discs, torn ligaments, nerve damage, or muscle sprains... read article
If you’ve been severely injured in an accident, you may be asked to see an independent medical examiner (IME). An IME is a doctor that is approved by the insurance company that will be paying the claim. The doctor will examine you to understand the extent of your injuries. If you have recently filed an injury claim and an IME has been requested, here is everything you need to know.
Why Do Insurance Companies Request An IME?
Insurance companies use IME as a way to fight fraudulent claims on serious injuries before settling large claims. The belief is that if a person is treated by their own doctor, that doctor may be biased to the victim. IMEs are also requested when an injury victim has made a claim without medical documentation. IMEs are typically only requested when it comes to serious injuries with large sums of damages.
The Difference Between An IME And A CME
An IME is different from a compulsory medical exam (CME). An IME is a medical exam that the insurance company pays for to ensure that the victim’s injuries are properly diagnosed and... read article
According to CBS News, a new study by the Insurance Institute for Highway Safety has identified the seven deadliest cars on the road. The study collected accident data from across the United State over two decades and have identified the most dangerous cars on the road. What is most interesting about this study is that the seven most dangerous cars all have something major in common. All of the vehicles are smaller vehicles. Smaller vehicles do not offer the physical size of larger vehicles and so it is not surprising they offer less protection for drivers and passengers.
The Seven Most Dangerous Vehicles:
Here are the vehicles that the Insurance Institute for Highway Safety has identified the seven deadliest cars on the road:
Hyundai Accent Sedan (4-Door Car, Mini): The Hyundai Accent sedan is consistently one of the deadliest vehicles on the road. Although the rate of accidental death is actually lower between the 2011 and 2014 models, there are still 104 accident deaths per million registered vehicles. 71 are from multiple vehicle crashes, 33 from single vehicle crashes, and... read article
These days, it seems like every week brings with it a new automotive recall. Over the last few years, millions of different vehicles have been recalled and virtually every major automaker has been forced to issue a recall of some kind.
This week is no different, and the National Highway Traffic Safety Administration just issued an order to Takata to recall more than 2.7 million additional vehicles including those sold by: Ford, Mazda, Nissan.
Takata isn't an auto manufacturer, but are instead the creators of the airbag systems that are installed in vehicles from the manufacturers listed above. This isn't' the first recall that has impacted Takata or airbags - a total of roughly 70 million airbags have been recalled in the US alone, and more than 100 million have been recalled around the world.
That's a huge number, but when you consider the statistics regarding the airbags it's not hard to understand why.
• So far, 11 Americans have been killed due to faulty airbags from Takata
• At least 18 people have been killed around the world by the airbags
• About 180 injuries have been sustained so far due... read article
In the recent edition of “To Your Health”, the Washington Post reports that a study by the Environmental Defense Fund found that of 2,164 baby food samples collected between 2003-2013 “20% had detectable levels of lead.” Their findings were incredibly surprising especially when TODAY reported that of the 10,064 general food samples collected in the same study, only 14% had detectable amounts of lead. These findings are incredibly troublesome because lead contamination poses a serious danger to infants.
The Worst Offenders
The Environmental Defense Fund found that fruit juices including grape, apple, pear, and mixed juices; root vegetables like carrots and sweet potatoes; and arrowroot cookies and teething biscuits were the worst offenders. The Huffington Post reports that infant formula fruit juices were extremely troublesome because the study found that they had more lead than the regular versions. The Environmental Defense Fund is still investigating the source of the lead and why it has a larger presence in baby foods than regular foods. According to the... read article
Thanks to modern technology, most insurance companies now offer an App to set up your Auto Accident Claim online. Some insurance companies, like Allstate, allow anyone to use their App, as long as an Allstate claim is involved. Therefore, if you are ever hit by an Allstate driver, you can install their App on your mobile device, and begin your claim process immediately, even at the scene of the accident.
Insurance companies promote this new service as condensing the insurance claims process "into a matter of hours." Esurance even advertises that "You could get your payment on the spot."
Sounds convenient, right?
Most Insurance Companies' Claims Apps allow you to:
File your claim
Exchange accident information
Take pictures of the accident scene
Take pictures of the damaged vehicles
Record accident information from witnesses and drivers
Record your own voice notes
Direct you to one of their nearby repair shops
Upload directly from your phone to the insurance company's website
Get your money faster
Plus, Esurnace's Claims App allows video chatting with an appraiser. During this... read article
Caleb, who’d gotten behind because of weeks of missed work due to his car accident, stared at the stack of unpaid bills on the kitchen counter. If he didn’t settle his case soon, he and his wife were staring at bankruptcy. He dialed his lawyer’s office.
“We really need the money,” he told his lawyer. “My accident was over a year ago!”
“Try to hold out a little longer,” said his lawyer. “This is actually normal.”
Caleb gritted his teeth, frustrated. Although he trusted his lawyer, he didn’t know how much longer he could wait.
How long is it going to take?
Like many people in an accident, Caleb was under a lot of pressure to get his settlement fast. He and his lawyer worked together to create a strategy that would get him the most money.
Every case is different. Some can settle quickly, others will take longer.
As a general rule, if your case settles, it will settle approximately 3 months after you've been released from medical treatment.
Because of the injuries Caleb suffered, he had to have surgery and then go to physical therapy for eight months after the... read article
Uber and Lyft currently have tens of thousands of drivers in Florida, providing more than 24 million rides throughout Florida in 2016. Previously, operating under very little regulation, Uber and Lyft drivers were often Under Insured and even Uninsured while driving, exposing Florida residents and Tourists to serious financial harm.
In the past, there was a lot of uncertainty about who paid for the damages caused by an Uber or Lyft driver because of a complex system of variables.
First, did the Uber or Lyft driver have a personal insurance policy that was willing to cover the damages? Many personal insurance policies exclude ridesharing.
Next, did the Uber or Lyft driver have a passenger? If the Uber or Lyft driver was carrying a passenger, then the company's commercial policy covered the damages.
However, if the Uber or Lyft driver was working (had the App On) but was waiting for a fare (no passenger) and caused an accident, then the company's commercial policy did not cover the accident. Additionally, if the Uber or Lyft driver's personal insurance excluded ridesharing, then... read article
When you’ve been in a car accident it is extremely stressful, especially if you’ve been injured. Often when reporting a car accident to an insurance company, this stress can cause you to make mistakes during the reporting process that can cost you in the long run. In order to protect your best interests, you need to understand the best way to report an accident to your insurance company so if you have to seek compensation for your damages, you are covered. Here are the do’s and don’t’s of reporting a car accident to your insurance agent:
DO: Call your insurance agent as soon as the accident takes place. If you’ve gone to the hospital for any injuries, call them once you are safe and healthy enough to report the accident.
DON’T: Give them any written or recorded statements about the accident in the first phone call, simply report that you have been in an accident.
DO: Look over your policy and understand your coverages and exclusions. If you have any questions about your policy, do some research. Also, see if you have... read article