Why That Attorney Says You Should Buy Car Insurance From An Independent Agent - 0 views
started by Dawson Gray on 14 Jul 13
started by Dawson Gray on 14 Jul 13
Start a New Topic » « Back to the three Birthday Party Games Everybody Will Love Playing! group
I don't promote car insurance, but as a lawyer practicing in the field of personal injury I often see people suffer simply because they have the wrong insurance coverage. Usually, this is really because they bought directly from an insurance company instead of an unbiased broker.
Many of my customers who have been seriously hurt in a vehicle accident were struck by someone who had no insurance or only the minimum liability insurance coverage, which will be $25,000 in Nyc and not as in many other states. To research additional info, people are able to take a peep at: image. Unfortuitously, lots of my customers were sold insurance plans with liability limitations of $100,000 or $300,000, but weren't sold related uninsured and underinsured coverage.
Only this week, yet another new customer had this problem. My client was a pedestrian crossing the road when she was hit by a car which fled the scene. The driver was found shortly after leaving the accident, but my customer has serious injuries comprising many broken bones including a fractured arm, leg and skull and the owner of the car only has the New York State minimum liability insurance of $25,000.
My consumer owns an automobile with liability insurance limits of $300,000, but she purchased the insurance from GEICO whose merchant didn't sell her under-insured coverage. GEICO does not use in-dependent insurance brokers, but carries insurance right to customers through in-house telemarketers.
For a small fee, my client may have ordered underinsured coverage of $300,000 which might have helped her to recover $300,000 for her injuries as opposed to $25,000. Actually, she did not require the $300,000 liability protection to protect her assets. However, because you cannot get underinsured coverage higher than your liability coverage, I'd have encouraged her to purchase $300,000 liability coverage for the only purpose to be in a position to purchase $300,000 underinsured coverage.
I've had many clients in this situation who lost their jobs because of serious accidents and incurred considerable debt. When they had corresponding underinsured protection, the extra money available to pay their claim would would be described as a big help pay their expenses and obtain life back together.
Underinsured driver coverage will pay money to you from your own automobile insurance policy if you've been injured in an auto accident by someone who was responsible for producing your injury and who'd less liability insurance coverage than you did. Uninsured motorist coverage will pay you if the other car did not have any insurance coverage or the identity of the other car is as yet not known.
Under-insured and uninsured coverage is often available and low priced in limits that match your liability insurance coverage. It's unavailable in quantities more than your liability insurance coverage.
Uninsured and underinsured coverage is really important a handful of states now require coverage limits matching your liability insurance limits, unless you drop the coverage in writing. We discovered official link by searching Yahoo. Several years ago, I proposed to several New York State senators which they enact a similar law in New York.
I've also seen many customers who were not bought the most medical payments insurance, which costs me only $2.01 per month on my car insurance policy. This can be particularly important for people who do not have an excellent medical insurance policy. It is also good for individuals who don't have health insurance. Learn further about learn about auto insurance premiums by navigating to our telling portfolio.
Why in the event you get car insurance via an independent insurance agent? The reason has been defined by the courts. There has been several 'malpractice' lawsuits against insurance firms for failure to provide underinsured and uninsured motorists coverage limits matching the liability limits. However, when the insurance company sells directly to customers, these cases have gone and only the insurance companies. The courts found that when a buys insurance directly from an insurance company, in the place of an insurance broker, the consumer is just buying insurance and is not investing in advice.
When you get auto insurance from a completely independent insurance agent who represents a number of different insurance companies, you have the benefit of an insurance professional who can examine your needs and advise you accordingly. In addition, only an independent insurance broker provides you with a range of rates and insurance companies, so you get the best protection at the cheapest value.
Whether you buy your car insurance straight from an insurance company or through an in-dependent insurance broker, always be certain that you obtain corresponding uninsured and underinsured motorist coverage and the maximum medical cost benefits.