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Auto Accident Claim Compensation It is important to know your rights and options in the event that you are involved in an auto accident. The first step is taking the appropriate steps to document your accident. Make sure you record the exact location of the accident, as well as any injuries you sustained. These documents should be handed over to your attorney. It is also possible to contact your state's Department of Motor Vehicles to find out if your license or registration was cancelled or suspended. Damages that are covered by traditional auto insurance A traditional auto policy covers a wide range of expenses, including repairs to your vehicle as well as those of other vehicles. It also pays for legal fees in the event that you are sued for damages. There are also AccidentInjuryLawyers of additional insurance options, like loss of use insurance for your vehicle, and roadside assistance coverage that pays for towing. If you have collision insurance, it will pay for the repairs to your car, minus your deductible. In certain situations your insurance company might try to recover the amount from an insurance company for another driver. It is important to remember that not all coverages will cover other drivers. Consider other options if you're concerned about your insurance not covering repairs to the vehicle of the other driver. Uninsured motorist insurance may be purchased. This will help cover your medical expenses as well as other expenses related to accidents. This is mandatory in some states. It is an optional coverage, however it can be extremely beneficial in certain scenarios. For instance, in the event of an accident in which you were the cause, you will be able to receive a reimbursement for medical expenses. If you own a costly vehicle, you should think about purchasing a special insurance policy for it. While standard auto insurance policies are designed to cover a broad range of vehicles, classic and high-performance vehicles require a specific type of coverage. These types of vehicles are typically more expensive than regular vehicles and more susceptible to theft and require specialized repair. This is why traditional auto insurance policies does not cover these types of vehicles. These vehicles require a separate insurance policy. You should also look into collision and comprehensive insurance coverage. These policies protect you against damages that are not caused by collisions, such as vandalism, weather, and animal damage. Comprehensive coverage is not required by all states. However your leaseholder or lender may require it. Comprehensive coverage may also be required to pay for funeral costs or medical payments for injuries, however it typically won't be able to cover lost wages or other costs. Non-economic damage not covered Non-economic damages aren't usually covered by auto accident compensation. However, it is crucial to document them. Although they're not tangible, can cause significant emotional and physical pain. If you want to claim this type of damage you'll need a personal injury attorney to help you identify the damages and to present them to the jury. Non-economic damage includes mental trauma as well as pain and suffering. These kinds of injuries are as real as financial losses. They can dramatically alter your lifestyle. They can also cause emotions of grief, sadness, or depression. It isn't easy to convince an insurance company to pay for these damages. Other damages that aren't covered by compensation for auto accidents include diminished quality of life. You might not be able to enjoy certain activities because of the injuries you suffered during an accident. The compensation you receive for these losses is often substantial, but not the entire amount. In some cases an injury could cause an individual to work. Non-economic damages can be limited up to two or three times the economic damages in some states. In other cases, they are capped at a lesser amount. They are typically determined by weighing the amount of time it takes for a person to recoverfrom the injury, the level of pain, as well as the mental consequences of the accident. Your lawyer will be able to determine the worth of these damages. Non-economic damages can include scarring and handicaps as well as chronic pain. These kinds of damages can be very important in providing treatment for those who have been injured. In Florida, these types of damages are subject to caps because the statute limits the amount of money available for pain and suffering. The deadline for submitting claims After an auto accident there is a chance that you are confused about what to do. When it comes to making claims for compensation, it is important to act promptly. The faster you make your claim, the sooner your lawyer will be able to assist you. While some states have strict deadlines for filing claims, it is important to keep in mind that a clock begins ticking from the date of the accident. If you file a claim, you must provide all the information requested by the insurance company. This includes the police report, photos showing the extent of the damage as well as information about the insurance companies involved. The insurance adjusters will go over the claim and determine the amount you will be compensated for your injuries or property damage. Three years from the date of the accident is when you have to submit a claim. There are some exceptions to this rule. In many instances, you can file a claim over a shorter period. If the accident was your fault, it is recommended to make your claim within three years of the date of the accident. Each state has a different deadline for filing a claim. A no-fault claim can be filed in just thirty days, whereas lawsuits can take up to three years. These times can vary so it is important that you consult an attorney prior to filing your claim. It is imperative to make your claim as fast as possible in all circumstances. The earlier you file your claim, the faster you can begin collecting evidence. Remember, memories fade and witnesses could disappear. The insurance company will examine your claim and make an offer for settlement. If your claim is denied and you want to appeal, you can do so to an adjuster. If the insurance company refuses to settle your claim, you have to make a claim in court. Cost of filing a claim The costs associated with filing a claim varies according to the type of accident. It is essential to know the limits of your policy and ensure that you have the correct coverage. The amount you are awarded for your injury will depend on the extent of your injuries and damage to your vehicle. Settlements don't always cover the true costs of an accident. Attorney fees can range from a few hundred dollars to thousands. These costs can reach over 100,000 in cases involving serious injuries. However, in most cases, these expenses are a fraction of what it would cost to go to trial. Keep this in mind when you're making your decision it is crucial to be transparent with your lawyer about the expenses for your case. Insurance companies can also pay for the rental of a vehicle or alternative transportation. If you're at fault in the accident, you must make sure you inform your insurance company of the exact cost of these charges. However, you must remember that insurance companies will only pay these costs when you're 50% or more at the fault. You'll need to increase your insurance coverage if have multiple accidents. After an accident, it is easy to become overwhelmed by the costs of medical bills and repairs. You'll also likely to be dealing with emotional traumas that may last for many years. Accident-related injuries can be very serious, however, it's vital that you file a claim right immediately. You could not get the compensation you're entitled to if you wait. Once you've filed a claim, the insurance company will examine the incident. In some cases they may be able to agree to a settlement with you and negotiate your claim, but in other instances, they'll simply deny your claim. Coverage limitations If you are in an accident and another party is responsible the auto insurance policy should be able to cover the costs of the other party's injuries. In certain jurisdictions, the minimum liability limit for each party is twenty-five thousand dollars. In other states, the limit can be higher. Additional liability limits safeguard against property damage or serious injuries. It is important to know the maximum limits on your policy. Most drivers have the minimum liability coverage. Others may choose to purchase additional insurance with higher limits. These limits are essential in determining the amount you are able to recover in a case involving vehicle injuries. If the insurance policy of the other party doesn't cover the damages the other party will probably not be able to pay any amount. There are also various time limits for filing lawsuits. You could have up to one year to file your lawsuit depending on the state. However, this is contingent upon the type of claim you have. There are different limits for workers compensation claims, malpractice claims, intentional claims. The best practice is to count the time of limitations beginning from the date of the accident. The limits on bodily injury and property damage in an automobile insurance policy are set by the insurance company. They are typically not exceeded by the claimants. If the insurance policy of the other driver policy is limited to fifty/100 for bodily harm and twenty-five thousand for property damage, then you'll need to find additional compensation to get the amount you require.