Monthly Archives: January 2016

PIP Auto Insurance

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Maybe you have also heard the term PIP auto insurance, and it sent you wondering, what’s that now? Here is some light of what PIP auto insurance is all about; PIP (Personal Injury Protection) auto insurance is a type of vehicle coverage. It is added insurance cover that will clear some of your hospital bills after a genuine car accident. It will also pay for some others non-incident related charges.

PIP has so many benefits, and the most obvious one is that PIP auto insurance compensates for lost wages resulting from any serious injuries that the insured suffers. Secondly, a PIP claim will be active regardless of who was responsible for the accident; this is what insurance experts refer to as “no fault” protection.

You can get your “PIP” insurance cover for your car online within 5 minutes. You can also do shop to shop comparisons from up to 10 national carriers and then select the plan that seems to work best for you.

PIP COVERAGE BENEFITS

Medical costs are high, and they are rising year after year, maybe you have not considered that fact. There are various aspects in a motor car accident, and one of the most expensive ones may be catering for medical bills. Such medical expenses include ambulance, physical therapy, medicine and other expenses. Many insurance companies will offer policies that do not cover any amount of heath care. Those policies that cover medical bills are much more expensive.

If you have PIP insurance added to your policy, all these expenses will be catered for. Some policies will go ahead and cover upkeep expenses to your home like cleaning and yard care. However, adding PIP to your policy is expensive but considering the possibility of the unfortunate occurrence where you find yourself in a fatal crash, getting it is definitely a wise decision. You can get quoted now and find cheaper insurance cover in your area.

States that Mandate PIP Insurance

Some states have mandated PIP Insurance and to date, they are 13 of them. They are Florida, Utah, North Dakota, Hawaii, Kansas, Massachusetts, New Jersey, Pennsylvania, Minnesota, Michigan, Massachusetts and the Washington D.C. More states are expected shortly to pass and enforce this type of mandatory regulation. This results from the fact that heath care expenses are rising at a high rate. Some states with a big population like California and Texas have PIP insurance covers to protect the lives of drivers.

PIP Plans are Unique to each State

Each and every state is responsible for crafting their insurance laws and regulations. Insurers operating in a certain state have the leniency to offer coverage within the guidelines in that state. With PIP protection, many states have different degrees of acceptable procedures that are covered.

Example, massage therapy may be fine in Florida but not in Minnesota. You should, therefore, check with your insurance agent if you are confused about what therapy your policy will cover.

One of the great advantages of PIP plans over “Med Pay” and other assurances is it covers both the expenses related to the crash, as well as compensates for lost income There are countless costs non-related to an accident that many people never even think about until such an event happens. PIP plans are more comprehensive in nature and provide a wider array of benefits

Less Legal Issues In the recent past couple of decades, there has been high numbers of cases in courts relating to personal injury resulting from a vehicle accident. This has prompted most states to pass the “no fault” initiatives and make the PIP insurance mandatory. This helps to keep the cases at the minimum.

 

Why Can a Total Loss Claim Take What Feels Like an Eternity to Settle

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When a vehicle is written off can be horrific. It may even be terrifying.

Did you know that there genuinely are one million and one ways to have a vehicle declared a total loss. From fire, flood, accident, theft and everything between. From the outside looking in, some reasons many seem humours, however we can never lose sight of the fact that in some cases the scenario that leads you to make a claim can at best be described as “heart braking”.

We know only too well that when it comes to making your gap insurance claim we can never presume to know that it is an easy experience. We completely understand that time is also of the essence. In some cases you may be without transport. Depending upon what you use your vehicle for this may even mean that you are unable to work.

So if everyone understands the urgency and the need for tact when dealing with a gap insurance claim why can it take so long?

The simple and most common reason is that no gap insurance company can ever process a claim or pay a settlement until your own motor insurance company have confirmed that your vehicle is going to be declared a total loss.

If your vehicle has been stolen some motor insurance companies can impose a time delay during which time they await to see if your vehicle is going to be located. This can range from a few days to a few weeks.

This means that in most cases it can be quicker for your motor insurance company to declare your vehicle a total loss if it has been damaged. The simply explanation being that this will mean that they have a physical tangible asset which they can rate and make factual decisions based upon their findings.

Certainly the gap insurance and total loss policies which tend to be available online tend to have a stipulated time frame in which they commit to settle your claim. Please remember however that this time frame which only come into action once confirmation that your vehicle has been declared a total loss has been given by your motor insurance company.

So what can you do to make sure that your gap insurance claim is settled a hyper speed? We think our five point plan may help.

    1. Buy a gap insurance policy from a reputable source.
    2. If possible try to find a policy which sets out in black and white how long it will take to settle your claim. (Not just in the marketing but physically in the policy terms and conditions.)
    3. It may save a lot of time if you allow the two claims teams to liaise with each other rather than trying to do everything yourself and then having to relay information back and forth between the two sets of claims teams.
    4. Read your policy documents and make sure that you understand exactly what is and what is not covered should you ever have to make a claim.
    5. Get your paper work in order. By this we mean take copies of important documents such as insurance certificates and invoices. If necessary request financial settlement letters.

Last but not least if you are not happy about the length of time your claim is taking talk to your provider. The gap insurance market is very specialised and certainly from our perspective reputation is everything. This means that no provider can and ever should ignore an unhappy or concerned policy holder so let your provider know what is happening they will ignore you at their our peril.

Category: Insurance

This Is How Your Insurance Company Handles Claims

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First, there should be enough data about everyone who has involvement in the accident. A complete information makes everything quicker, and it allows for more satisfactory closure as well.

After Accident

Once an accident occurs, the first thing to do is to let your insurance provider know about it. Call your independent agents or the company and provide as many details as possible. Get out of the vehicle and start writing down the other party’s name, license number, the model of the car, and contact information. Do not forget to ask for the person’s insurance information, too. If the accident involves more than two drivers, keep the same records of all of them.

Time and location of the accident are important, and this is why a dashcam is useful. Modern cameras record and save not only video footage but also GPS data. You can use the video as evidence. Some claims are not straightforward enough, so it is necessary to get all the data you can to avoid problems afterward. Photos and videos are undeniable records in this case. Even if you do not have a dashcam, use the phone camera to take pictures of the license number, damages on vehicles, and recognizable landmarks near the location if possible. Police officers on the scene can help develop stronger claims. Write down their badge numbers and names. Witnesses can help support the facts, too. Medical personnel should arrive if someone (or one of the witnesses) calls for emergency service and you need to write down that information as well.

File the Claims

As soon as you file the claim to the insurer via phone or through an independent agent, the company begins its involvement. Methods to handle claims can be different from carrier to carrier, but the essentials are quite standard. Drivers only see parts of the process because some negotiations and reimbursements are all behind the scenes. In the claim, you must provide many details as follows:

· Name and insurance policy number.

· Owner of the car if you drive someone else’s vehicle

· Make, model, and year of the car along with license plate number

· Date, time, and location of the accident

· Injuries and damages as results of the accident

· Passengers (if any)

· Description of how the accident happened

· Badge number of police officers who investigated the event

· All information you can get from the other drivers and their cars

As the claim makes it to the provider’s database, claims adjustor will be your contact who also handles most of the investigation. A team works for the adjustor to look at medical reports, speak with witnesses, investigate the scene, examine damages, manage repairs and medical treatments, and determine fault. Every situation is different, so there is no standard on how long the process will take.

Vehicle repairs and medical treatments start right away while the adjusters work to compile reports. Each driver’s insurance company covers its policyholders’ medical cost and property damage; this is the indemnification process. After policyholders get their payouts, the adjusters assess fault and seek reimbursement from the other insurers.

Fault Assessment

The method to determine who is at fault in any road accident is not a simple matter. Many assume that liability laws govern everything, but they only dictate how much to collect and who is eligible for compensation. Fault determination is all up to the carriers. In states that implement the no-fault regulation, every insurer pays for its clients. In all other states, there is subrogation method. Subrogation is a substitution of one creditor to the other. When road incident takes place, an insurer pays for medical treatments and property damage for its client. However, since another party plays a role in the accident, the insurer seeks for reimbursement from the other party’s provider. In the end, the at-fault driver’s insurance company still pays for compensation. Fault assessment and subrogation happen behind the scene.

The Case with Uninsured and Underinsured

Most of the procedures do not change much when the case involved either uninsured or underinsured driver. If an uninsured hits you and causes injuries as well as property damages, your insurance provider pays all the compensation. After the payments, the carrier seeks for the uninsured to get reimbursement. The only difference is that there is no other company in the scene, so the process can be easier and quicker because fault assessment is less complicated. Coverage for uninsured is an optional purchase in the policy, so you need to have one to get the payment.

Every state has different requirements for minimum liability coverage, so the threshold for underinsured can be different, too. Virginia and New Hampshire are the only states that do not require liability insurance, but the latter makes it compulsory for drivers to set aside funds in case of accidents. When a road incident involves underinsured driver, insurers often distributes the compensations. For example, the compensations for $10,000 worth of damage come from both providers whose drivers had a car crash. Percentage of payment is both companies’ decision. Let us say the payment is 60/40, so the underinsured driver’s company pays $6,000, and another pays $4,000. An underinsured driver will then have to pay $4,000 out of his/her money to compensate the other company.

 

The 6 Strangest Car Insurance Claims Ever

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1. You animal you! Imagine that you’re a gardener who is innocently buying some plants at a nursery. You stroll along to your car and as you near it, you see a passing camel inexplicably jerk out its hind leg and kick your car! Well for one man, this wasn’t a hypothetical situation. It really did happen, and although this gardener’s insurance company was indignant about the validity of his claim, he was fortunate enough to obtain footage from a local television company who happened to be filming in the area and accidentally caught the camel’s surprise act on camera.

2. Fly trap. A car insurance claim was submitted with the simple explanation of ‘I crashed because I was trying to kill a fly buzzing around in my car.’ We wonder if the insurance company paid out? Unlikely…

3. Stranger than fiction. In a claim that sounds more like something that was scripted for a movie, a shamefaced man had an ill stroke of luck. Firstly, this poor fellow was involved in a fender bender with the vehicle in front of him. He then reversed slightly, wanting to assess the damage, and promptly bashed into the vehicle behind him. Perplexed, he opened the door to his vehicle and it knocked a passing cyclist off his bike! Although this story sounds too crazy to be true, there were witnesses on the scene to attest to his claim.

4. You say potato, I say… A poor motorist found herself in a pickle, or shall we say, potato, when she submitted a claim for a unique cause of accident. According to her, a potato came dislodged from its packet and rolled under her brake, preventing her from stopping or slowing down before she crashed.

5. Who needs a hooter? Not the victim in this collision, that’s for sure! A woman filed a motor insurance claim stating that a dog hanging out the rear window of the vehicle in front of her barked very loudly and gave her a fright, causing her to crash into the vehicle in front of her.

6. Seaside sorrow. A motorist returned from a successful day of fishing only to find a cow standing near his vehicle, chewing on what seemed to be his windshield wiper. Upon closer inspection, he realised that the paint of his car was horribly damaged, as well as all the rubber trims on the vehicle. How did this happen? Well, the nearby herd of cows was to blame. It turns out that cows absolutely love the taste of salt, and because this fisherman’s vehicle had been close to the coast for a significant period of time, it had become encrusted in cow-irresistible salt deposits.

There you have it, some of the strangest car insurance claims known to man. Unfortunately for many motorists, these unique causes of collision or vehicle damage are aplenty, and some of them are even more unbelievable than the ones above! Take these six strange car insurance claims into account and make sure that you have a good policy in place should anything untoward arise.

Category: Insurance