No, no, and no. Why? Because the insurance company is not looking out for your best interest. In fact, it’s not their job to be on your side – which you may be surprised to find out. It’s the insurance company’s job to try and minimize the amount of compensation they pay out to you and to ensure that their company is as profitable as possible.
What’s more is the fact that many big insurance companies are publicly traded. In other words, they have shareholders they are accountable to. This may sound harsh, but when you think about it from the other side, it makes perfect sense. For instance, say you take your hard earned money and invest it into stocks from one of the big insurance companies. You want to see that insurance company do whatever they have to do – as long as it’s within the law – to make as large a profit as possible. When they make money, you make money. Sometimes in order to do this, though, the insurance company doesn’t play nice with the victims of car accidents in Glendale, Arizona.
That said, insurance companies aren’t evil. Nor are they out to get you. But, just like any other successful company, they know they have a job to do. And that job involves making a solid profit.
The attorneys at Breyer Law Offices have worked with most every insurance company that underwrites auto insurance in the State of Arizona. We’ve also seen pretty much every kind of insurance form available. Therefore, we have a keen understanding of which questions are secretly designed to weaken your case and which questions are actually legitimate. In addition, we know which documents you must sign under the law and which documents you don’t have to give a second glance. For help with your potential case, contact Breyer Law Offices today.
In the first blog of our two-part series, we will begin our discussion regarding uninsured motorist coverage and underinsured motorist coverage. Uninsured motorist coverage is an automobile policy option that covers you for property damage and bodily injury caused by another motorist who does not carry car insurance.
Let’s look at an example.
Say you’re badly hurt in an auto accident in Maricopa County and the accident was caused by a negligent driver. Under Arizona law, that negligent driver is responsible for paying for your medical bills, pain and suffering, and lost wages. But what happens if that person doesn’t have any car insurance?
If that’s the case, then you could use the uninsured motorist coverage in your policy (if you have that kind of coverage). So your own car insurance would provide the compensation for your injuries and the expenses incurred.
Underinsured motorist coverage is similar, but it deals with situations where the negligent driver has insurance, but it’s not enough to compensate you for your injuries or damages.
Here’s an example.
Say, for instance, you’re involved in a car accident in Maricopa County and you’re seriously injured. Because of your injuries you require a lot of medical care. The bills rack up and get so high that the at fault driver’s insurance policy no longer covers the amount of the medical expenses, not to mention the wages you are missing out on because you can’t work. In this kind of scenario, you’d access your underinsured motorist coverage in order to make up the difference. Your underinsured motorist coverage can then help pay for your medical expenses, current and future lost wages, and any pain and suffering that you’ve endured.
Please refer to our next blog post to learn more about the major differences between underinsured and uninsured motorist coverage.
