Investing in auto insurance is an asset to protect your personal property and assist with health care coverage in the event of a traffic accident. In most states, automobile insurance is required by law. What do you really know about automobile insurance coverage? Are you sure you are getting the best deal? When investing in insurance, you should have a clear understanding of what you are paying for and what you will actually get in return.
There are a number of misconceptions about auto insurance. Our Charleston car accident attorneys are experienced in handling accident claims and cases involving personal injury and property damage. Here are a number of common misconceptions about auto insurance.
Insurance agents have your best interests in mind. Whether buying insurance or making a claim, many drivers assume that insurance companies will be protecting their interests. This is simply not true. Remember that agents profit from sales and will also work to minimize liability in the event of an accident. You should shop around for the best rates and consult with an attorney before discussing any claim with an adjuster.
Car damage from a deer or other animal is “no-fault.” Accident and designation of fault vary by state. Coverage is determined by what driver was at fault for the accident. Many motorists who are covered by insurance do not realize that striking a deer or other animal in the road or damage caused by swerving to avoid an animal will be considered “at-fault” in terms of insurance. Remember that any claim documented as “at fault” will increase your premiums. You should consult with an insurer so that you have clear understanding of your policy.
You get the total amount you owe on loan when your car is “totaled.” Most car buyers will take out an auto loan to purchase a vehicle. If you are involved in an accident and your car is totaled before you pay off the loan, you cannot assume that the full value of your loan will be paid off. There are different kinds of insurance coverage and some policies do not cover the difference between your total loan and the value of your car at the time of an accident. Check with your provider to determine if you need additional coverage to pay off your car loan.
Not filing a claim will keep your premiums low. It is a common misconception that not filing a claim after an accident will ensure that your premiums remain the same. Remember that even if you do not file a claim, another party may inform your insurance company. You can still be held accountable for an accident and your insurer can increase your premiums. A traffic citation may also increase your insurance premiums.
There are many different features of automobile insurance, so it is important to have a clear understanding of what you are paying for. Insurance can be complicated and you want to know that you have the coverage you need. In the event of an accident, you should also consult with an independent advocate who can help you best protect your rights and claims against an insurer.
If you or a loved one has been injured in a car accident, contact Lee Law Offices today for a free consultation to protect your rights. Call 800-887-1965.
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Bicyclist Struck and Killed in Carolina Forest Accident, North Carolina Car Accident Lawyers Blog, June 18, 2013