Whether state mandated or out of personal protection, car insurance is a necessary investment. Depending on the type of car you own, whether you have a loan, and what type of coverage you want, your policy will vary.
Unfortunately, misinformation and misconceptions about auto insurance can make policies and claims more complicated. If you have been involved in a car accident or you want to ensure proper coverage, it is important to have a clear understanding of your rights and obligations when it comes to auto insurance.
One-car, two-car, or multi-car pile-ups and intersection accidents can involve a number of automobile claims. If one or more drivers are uninsured, this can also create liability for your own insurance company. Our West Palm Beach car accident attorneys are experienced in helping our clients collect compensation they are entitled to, from insurance carriers and negligent parties.
What do you know about your own policy? Do you know how to get the most out of your insurance claim? Do you know what you are actually paying for? Here are some common myths about auto insurance that you should be aware of:
Myth #1: Agents and adjusters have your best interests in mind. While agents may seem friendly on the phone, remember that they are salespeople. This means that they may not be getting you the best deal. Similarly, claims adjusters are seeking to limit pay-outs and may even be working against you to limit your rights and compensation. Remember to shop around for best rates. After an accident, you should consult with an experienced attorney who can successfully protect your interests and ensure that you get the full coverage you are entitled to.
Myth #2: An accident caused by an animal is considered “no-fault.” When driving along a wooded highway you see a deer ahead slam on your brakes and veer off the road crashing into a median. This could cause significant damage to your car and property. In more severe accidents, you strike another vehicle. Do not make the mistake of believing that your insurance company will not hold you accountable. Hitting a deer or animal in the road will be considered “at-fault” in terms of insurance and any claim could impact your premiums.
Myth #3: You can collect value of loan if your car is “totaled.” When you are involved in an accident and your car is totaled, you may think that your insurance will cover the full amount you owe to the bank. Unfortunately, some auto loan holders find themselves in the position of having to pay off their loan out of pocket if the value of their car is less than the remainder of the loan. Remember that different policies have different coverage. Be sure that you have additional coverage to pay off a car loan.
Auto insurance can be complicated and has a number of variable features. Be sure to have the insurance you need for coverage and a clear understanding of your rights and responsibilities in the event of an accident.
If you or someone you love was injured, contact Freeman, Mallard, Sharp, & Gonzalez at 1-800-561-7777 for a free and confidential consultation to discuss your rights.
More Blog Entries:
Summer, Distracted Driving and the Increased Risk of Red-Light Collisions, Fort Lauderdale Car Accident Attorney Blog, June 18, 2013
Car Accidents and Teenage Fatalities on the Rise in Florida, Fort Lauderdale Car Accident Attorney Blog, April 30, 2013