I do not sell car insurance, but as a lawyer practicing in the area of the body often I see people suffer because they have the wrong insurance coverage. This often happens because they bought directly from an insurance company instead of an independent broker.
Many of my clients who are seriously injured in an accident with the car being hit by someone who is providing or only the responsibility of the minimum insurance cover, which is $ 25,000 in New York and much less in many other countries. Unfortunately, many of my clients are sold insurance policies with the limits of liability of $ 100,000 and $ 300,000, but have not been sold are uninsured and underinsured coverage.
Just this week, but another new customer has this issue. My client is a walkway along the street when the ship was deleted from the car, which fled the scene. The driver was caught shortly after leaving the site, but only the owner of the car has a minimum liability insurance in New York from 25 000 and my client has serious injuries consisting of many broken bones, including a fractured arm, leg and skull.
My client has car insurance limits for liability of $ 300,000, but she purchased insurance from GEICO, the retailer not to sell its underinsured coverage. GEICO does not use independent insurance brokers, but sold insurance directly to consumers by domestic sales agents.
For a small fee to my customer may have purchased the underinsured coverage of $ 300,000, which would have been impossible to recover the $ 300 000 euros for their injuries, instead of 25 000. Ironically, she doesn't need coverage for liability $ 300 000 euros for the protection of their assets. However, because you cannot buy the underinsured coverage, the higher your coverage of the liability, I would have advised her to buy a $ 300,000 coverage for liability for the sole purpose to buy $ 300,000 insurance coverage.
I have had many customers in this situation, which have lost their work because of serious injuries and incurred significant debt. If they have matching underinsured coverage, additional money to pay the claim, it would be a great help to pay their accounts and collect his life.
Underinsured motorist coverage will pay you money from your own automobile insurance policy if you have been hurt in an accident with a car from someone who was negligent for your injury and less liability insurance coverage than you have made. Uninsured motorist coverage will pay you when the car does not have insurance coverage or the identity of the car is unknown.
Underinsured and uninsured coverage is cheap and usually are available to meet your insurance cover for liability. Does not exist in quantities larger than your insurance cover for liability.
Underinsured and uninsured coverage is so important that a number of States now require coverage limits of your insurance limits for liability, unless the opt out requirement in writing. A few years ago I proposed a few senators, New York that they adopted a similar law in New York City.
Also I have seen many customers who have not been to sell the maximum payment for medical insurance that costs only $ 2.01 per month on my car insurance policy. This is especially important for people who do not have good health insurance policy. Is also useful for passengers who do not have health insurance.
Why do I need to buy car insurance through independent insurance broker? The courts have defined reason. Have been several "malpractice" lawsuits against insurance companies to offer the underinsured and uninsured motorists coverage limits corresponding to the limits of liability. However, when the insurance company sold directly to consumers, these cases have gone in favour of the insurance companies. The courts found that when a user buys insurance directly from an insurance company, not an insurance broker, the user is only purchasing insurance is not payable on board.
When you buy auto insurance independent insurance broker, who represents several different insurance companies receive insurance professional who can evaluate your needs and advise you accordingly. In addition, the only independent insurance broker can provide you with the choice of insurance companies and bonuses so that you receive the best coverage at the lowest price.
Whether you buy your car insurance directly from an insurance company or by an independent insurance broker, always make sure you purchase the matching uninsured and underinsured motorist coverage and maximum payment of medical benefits.
Philip l. Franckel, Esq., is the founder of http://www. HURT911 .org accident and injury research Web site for people who are injured in the accident and lawyers of bodily injury. Mr. Franckel also published articles on lawyer advertising in Blog.com http://www. Attorney Advertising
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