A Lawyer Explains What You Should Know About Car Insurance Claims in Venice, Florida
If you've been listening to the radio or watching television in Venice, you've likely heard car insurance companies promising to be there when you need help after an accident. However, what these advertisements don't always reveal is that insurance companies are, fundamentally, businesses aiming to make profits. They generate revenue from the premiums you pay, and they aim to limit their losses when faced with a claim, whether it's yours or someone else's.
Contrary to the friendly faces seen in those commercials, the true objective of insurance companies' representatives, such as adjusters and investigators, is to minimize claim payouts. These efforts extend to claims filed by policyholders themselves.
We'll explore the claims process following an automobile accident involving injuries and property damage. You might be surprised to discover that the initial settlement offered by an insurance company could be a fraction of what you rightfully deserve. This is precisely why having a local experienced Venice personal injury attorney by your side is crucial – someone who can safeguard your rights and interests.
Car Insurance Regulations in Florida
Florida's approach to handling car accident claims sets it apart from most states. The no-fault law mandates that everyone have personal injury protection (PIP) insurance coverage of at least $10,000, alongside $10,000 in property damage liability insurance.
The property damage coverage compensates for damages to vehicles, buildings, and other property types in an accident. The PIP coverage pays 80% of your medical expenses and related costs, irrespective of whether you or another party is at fault.
Unlike many other states, Florida doesn't mandate liability insurance coverage for motorists to address claims stemming from bodily injuries and property damage they cause to others. This absence means that if you're responsible for an accident causing serious injuries or death, the injured party might file a lawsuit for damages not covered by their PIP insurance. In such cases, adding bodily injury liability coverage to your auto insurance policy, even in Florida, is advisable.
Understanding the Claims Process
When it comes to filing a car insurance claim, whether against a negligent motorist who collided with you or your own insurance company, remember that the insurance company isn't your ally. Instead, you're a claimant seeking compensation, which places you in an adversarial position.
For instance, if you're injured in a Florida crash, you'd file a claim with your auto insurance to cover medical expenses under the PIP coverage. If your injuries exceed the PIP limit and another driver lacks insurance, you might wonder what recourse you have.
Venice-specific statistics from the Florida Department of Highway Safety and Motor Vehicles revealed that around 5.73% of registered vehicles in the city are without insurance coverage. This figure highlights the importance of being prepared for potential scenarios. If you find yourself facing an uninsured motorist situation in Venice, remember that your own insurance's uninsured motorist coverage can provide a safety net, allowing you to file a claim for compensation.
When an insurance company receives a claim, whether from your policy or that of the other driver, they investigate to determine:
• Policy validity at the accident time
• Available coverage limits
• Evidence supporting the claim
Despite commercials suggesting otherwise, remember that insurance companies aren't your allies. If an investigation reveals a policy lapse or weak evidence, they might refuse payment.
Hidden Truths Insurers Keep From Policyholders
Whether you're filing a claim under your policy or that of another driver, bear in mind these facts insurers usually don't divulge:
Friendly adjusters are aligned with insurers: Adjusters work for insurance companies, striving to gather information that weakens your claim. Their goal is to find grounds for denial or reduction.
Quick settlements could be traps: Insurance companies often use quick settlements to offer less than what's due. This tactic hopes to exploit those without legal representation.
Personal injury attorneys on contingency: While insurers discourage hiring attorneys, personal injury lawyers often work on a contingency basis. This means fees are a percentage of the recovered amount.
Understanding that insurance companies prioritize minimizing claims will protect you from tactics that may lead to financial loss. When navigating these intricacies, having a trustworthy attorney on your side is a smart choice.
If you're dealing with your car insurance company after an accident in Venice, Florida, it's essential to have an attorney who truly has your best interests at heart. At Goldman, Babboni, Fernandez, Murphy & Walsh, we understand the intricacies of insurance company tactics and are committed to ensuring you receive the compensation you rightfully deserve.
Don't let the friendly façade of insurance advertisements deceive you – our experienced Venice car accident injury attorneys are here to stand by your side and fight for your rights. Whether you're dealing with injuries, property damage, or uninsured motorist situations, we're here to guide you through the process with expertise and dedication.
Reach out to us today to schedule a consultation and explore how our legal team can provide the advocacy and support you need. Your rights matter, and we're here to ensure they're protected.