Accidents on the road are unpredictable. No matter how carefully you drive, there’s no guarantee that you will never face an accident. One of the most difficult things that people have to go through if they meet with an accident is claiming their insurance. An accident can be fatal and may injure you or your loved ones badly. The situation puts a person under a lot of stress and it becomes almost impossible to get your insurance money without any trouble. This is where a car accident lawyer can help you with the whole process.
Not every car accident case will require you to hire a lawyer. Most of the lawyers’ firms will give you free consultations if you just want to know if the situation demands a lawyer or not. An insurance claim will help you with the expenses you bear after meeting with the accident. This can include medical expenses, loss of wages, or any suffering as a result of the accident.
Difference between first party and third party claims
While a first party claim is the one you file with your insurance company, a third party claim is a claim you file with the insurer of the other person involved in the accident. In case of a road accident where there is more than one vehicle involved, the person who holds the majority of fault will have to give compensation to the other person. The laws regarding insurance claims may vary according to states even though a lot of them are similar.
The amount of your claim depends upon many factors like your insurance plan, the intensity of the accident, and the level of injuries you suffered because of the accident. Typically, you must inform the concerned insurance company within 24 hours of the accident. You will have to provide all the details you know about the accident to the insurance company. The company may open a separate investigation into your claim and you may have to undergo independent medical examinations.
When your claim gets denied
There can be many reasons for your insurance claim to get denied. You have to make sure that you inform the company as early as possible because your claim can get denied if you are late. Also, the accident and its nature must be included as something that will be covered under your insurance plan. No matter what if your claim gets denied you can appeal against the denial. In such cases, it is very important to seek the guidance and help of a car accident lawyer since he will help you get your claim without going through a lot of trouble.
The claim value
The value of your claim will depend on a lot of factors. While things like health expenses and lost wages can be calculated easily, non-monetary issues like pain and suffering a person has undergone cannot be calculated that way. Most of the insurance companies have their own damage formula to calculate the value of non-monetary losses.