Car accidents may cause permanent and debilitating injuries that sometimes result in huge financial losses. Individuals who get injured in car accidents always have the right to recover any damages to their person from the individuals or people responsible. The damages may consist of: lost wages, funeral expenses, medical expenses, economic losses and funeral expenses. Some circumstances are eligible for recovery of funds by the family for the loss of relationship and consortium. It is true that nothing can mend the emotional turmoil of personal injury losses, however, the recovery of monetary loss can help ease some financial stress.
The insurance company will conduct an in-depth investigation immediately and follow the accident as it’s their duty to limit the monetary recovery of the injured individual to the lowest amount. Because of this, the Insurance companies have created certain steps to deal with car accident claims, and so should victims.
During this initial period (usually, within the 1st week following the auto accident and, in some cases between 2 to 48 hours), the insurance companies are going to:
- Record statements from the people involved,
- Have the vehicles photographs taken and examined.
- Obtain police reports to establish the type of injuries suffered
Insurance companies almost always try to reach fast settlement with the injured individual to avoid responsibility for future medical expenses, lost wages, and other damages likely to develop. This is a trap that victims needs to avoid as it typically takes months to completely assess the injuries from an accident. Sometimes, surgery or extensive treatments are required for injuries that may leave permanent disability or require further corrective surgery. Because of this, the value of a claim can only truly be assessed after a firm prognosis by a doctor. There is no need to rush a settlement with an insurance company if it is not in your best interest.
Other significant issues develop from auto accidents. For example, if your health insurance pays for your medical bills then they will often seek reimbursement from your settlement despite significant limitations on their right to do so. Similarly, worker’s compensation insurance will try to obtain reimbursements for medical expenses as well as lost wages, despite limitations. This is why it is vital to understand your rights prior to agreeing to any settlement.
The State of Arizona requires individuals to maintain liability insurance coverage for their automobiles. The minimum requirements for bodily injury liability insurance coverage in Arizona are $15,000.00 per person and $30,000.00 per accident. Since these insurance limits may be insufficient to cover the claim of an injured person, very often the injured person must explore what other insurance is available to the responsible driver or the extent of the driver’s personal assets. The responsible driver may have the right to coverage from insurance policies of family members, an employer, a rental car company or from an “umbrella” policy. In addition, other unknown persons or entities may also have liability for the auto collision. For instance, if the road or a light was defective, a government agency may share responsibility for the collision. In addition, your own insurance policy may provide you with coverage for your injuries.
Determining the value of a claim is complicated as it is based on a variety of factors. Some of these factors include:
- Evaluation of the nature and extent of the injury
- Consideration of any potentially recoverable economic losses and liability issues
- The location of the trial
- Prior injuries suffered by the claimant
Because insurance companies are skilled in obtaining the lowest settlements possible, it is vital that you have someone experienced to help you navigate the settlement process. The professionals at The Law Office of Arnold N. Hirsch provide expertise in auto accidents and personal injury claims and will work on your behalf to ensure a fair settlement.
If you or a loved one has been injured or in a car accident in Scottsdale, Glendale, Phoenix, Mesa, Tempe, Santan, Gilbert, Chandler, Queen Creek, Ahwatukee, or anywhere in Arizona, call The Arnold Hirsch Law Office of Scottsdale at (480) 832-3000 to schedule your free consultation.