Driving is certainly a privilege however; some people may derive themselves in an unfortunate set of being involved in a motor vehicle accident. It is notable to make determined you follow certain procedures if enthusiastic in an accident to cover yourself as well as any other parties involved.
First, depending on the seriousness of the incident, try and locate a policeman to come to the scene a write an accident report. In some cases, the policeman may give you a copy right at the scene, if not then you may have to go the status in order to receive a copy.
The police officer will speak to both you and the other driver and write down statements from both parties. If you are severely injured than it may be best to go to the Emergency Room. If your car is drivable and you are not severely injured then as soon as the officer is through with the recount you may be free to go on your way.
Most important, as soon as you get home call and report the accident to your insurance company. It is critical to report to the accident as soon as possible to avoid any delay in receiving proper coverage for your loss and injuries. Most insurance companies have rules about the amount of time in which an accident should be reported. Failure to comply with the insurance company rules and regulations may result in a delay in paying your claim.
When you contact your insurance carrier, create sure you have a copy of your insurance card, your vehicle registration number, your license number, license plate number, and a complete description of the details of your accident. Your insurance representative may or may not ask you specific details about the other driver, if not they will seek to procure that information at a later time.
If you sustained injury, your claims representative should mail you an insurance coverage card with a policy and claims number pertaining to your accident. You should present this card every time you see a physician or health care specialist. In most states, after the drive meets their deductible due to an accident, the insurance company should pay everything but 20% of the claim. Customer is responsible for deductible plus 20% of any bills.
Many insurance companies try to settle claims as soon as possible; it is to their benefit. However, if you have a complex case, which may involve an attorney, then it will take much longer. The insurance adjuster will be the person who will ultimately decide how much your accident or claim is worth. Settlement claims depend upon injuries sustained as a result of the accident.
If you are ever keen in a “hit & run” accident and the other driver flees the scene, try to derive as much information as you can about the other driver. The license plate number and description of the other vehicle would be the best kind of information. If keen in this type of accident, it may be wise to seek the help of a estimable personal injury attorney.
The personal injury attorney will handle all reporting of claims and any other information pertaining to vehicle damage or personal injury. Insurance companies can be a headache to deal with and the attorney will handle all of those details himself.
However, if you chose to report the claim yourself, you should receive a packet of papers after speaking with the claims specialist. Make sure you fill out all papers completely, you may have to have a notary public to stamp and trace certain pages. The insurance company is normally pretty quick in sending out this package, usually within 24-48 hours.
It is important to keep in mind that insurance companies are not concerned about you the customer, they are concerned about following procedure and settling your claim as quickly as possible. Insurance companies are in the business to make money not give it away. However, there are obvious rules and regulations the insurance company must follow when a customer reports an accident. All insurance companies are regulated and must meet their obligation to each customer eager in an accident. If you feel the insurance company didn’t follow proper procedure you may contact The National Association of Insurance Commissioners to file a complaint.
Filed under Motor Vehicle Insurance by on Jan 22nd, 2011. Comment. 
Commercial car insurance is similar to private automobile insurance, as it provides comprehensive coverage for vehicle damages and bodily injury. However, commercial car insurance also protects business owners from financial liabilities, insures company assets and also covers employees using business vehicles.
Does Your Business Need Commercial Car Insurance?
Owning a business comes with a lot of responsibility, both in running the operation and protecting yourself from liability. Not all businesses require commercial car insurances. Online or work from home companies generally do not require commercial insurance, as they are lower in risk when it comes to car damages and traffic accidents. Construction companies however should always carry commercial car insurance, due to higher risk of property damage, employee accidents and vehicle repairs. Companies that require extensive travel should carry commercial car insurance, as their employees are at greater risk of incidents or vehicle wound.
What Companies Offer Commercial Car Insurance?
Most insurance companies offer personal and commercial car insurance. Certain companies offer multiple policy option, such as home, personal and commercial insurance that can be combined for money saving discounts. Commercial car insurance will cover business vehicles, and those required for business operations. Therefore, a business owner would also require private car insurance for those vehicles driven for personal use only.
There are insurance companies that specialize in specific industry, such as construction. These insurance companies can cover business vehicles, employees and also other company assets such as forklifts. It would be up to the business owner to decide whether they would occupy an insurance policy that is specific to their work industry.
What All Does Commercial Car Insurance Cover?
The coverage of your commercial car insurance policy can be fitted to your specific needs. The general policy will cover physical damage to the vehicle. A business vehicle is seen as an asset, and also depreciates in business tax returns. The coverage of your commercial policy can also cloak the diminished resale value if the vehicle has been in an accident, or requires extensive damage repair that will always be available to new buyers as part of vehicle history.
It will also cover bodily injury, and cover liability claims. The bodily injury coverage will be available to employees driving the vehicle for business purposes. In case of a claim, an employee may be required to take a drug test in order for the insurance company to cover financial responsibilities.
Theft is always a possibility, for both personal and business vehicles. Commercial policies mask theft, or any damage done to vehicles as a result of theft. Other options of commercial policies are paying off the entire amount of an auto loan in case of theft, even if the business vehicle may not be worth as distinguished as the remainder of the auto loan.
Cost of Commercial Car Insurance
A commercial policy will cost more than private insurance, however the coverage is a necessity for businesses with employees and vehicles used for business purposes. The coverage received will take financial responsibility from the business owner in case of hurt claims or bodily injuries. For a business, a commercial car insurance payment will be another tax deduction, but also a priceless peace of mind.
Filed under Motor Vehicle Insurance by on Dec 19th, 2010. Comment.
