Let us tackle the leading ten myths of best small business liability insurance and also the way they connect with automobile crash claims. As an automobile accident attorney, I run into these issues rather frequently. This blog post is limited, nonetheless, to auto liability insurance and isn’t meant to target different insurance types like comprehensive and collision coverage. Let us take a simple car accident as an example of ours. Suppose you are engaged in an automobile wreck in which another driver is at fault. The other driver provides you with their insurance info. You contact the other driver’s insurance provider and report a case for individualized automobile and injury damage. This’s known as a third-party liability claim. You’re a “third party” since you’re a stranger to the insurance policy between another driver along with the insurance company of theirs. It’s a “liability” claim since you’re claiming that another driver is legally liable for the crash. These days you already know the relationships between each one of the people into the case, here are my “Top ten Myths” of liability insurance.
Myth #1. The insurance company is there to guard me. Wrong! Liability insurance is bought through the policy holder to be able to defend the policy holder contrary to the injured person’s case. Because you’re claiming that another driver is liable for the accident, then another driver’s insurance company is there to protect another driver against the claim of yours. That the reason it’s called “liability” insurance. It’s bought to insure and protect another driver for the liability of theirs; not to safeguard the injured individual.
Myth #2. I’ve to make a recorded statement. You don’t need to make a recorded declaration in a liability claim. As discussed in #1 above, the liability carrier is definitely the other driver’s insurance. Because they don’t have some legal responsibilities to you, you’ve no legal duties to them. The sole reason the insurance company would like to shoot your recorded statement is since they wish to make use of it against you down the road. When they’re truly interested in investigating the information of the accident, they are able to simply speak to you without capturing the conversation. Do not allow the insurance company tells you you’re needed to make a recorded statement. You’re not!