10 Sep 4 Car Insurance Myths Debunked
Having auto insurance coverage is not only the law for all motorists in Arizona; it’s also smart to ensure that drivers have some protections in place in the event they are ever involved in a traffic collision.
However, just because motorists have insurance does not necessarily mean they are covered in certain cases – or that they can expect payouts for certain types of claims.
Below, we will point out the facts behind some common myths about car insurance to help motorists better understand where they may be missing protection – and what their options are when their insurers may be less than forthcoming with the payouts policyholders may deserve following collisions.
Do You Believe Any of these Car Insurance Myths?
Myth 1 – I have the minimum auto insurance coverage, so I’m as protected as I need to be.
Fact – Probably not. If you have the minimum auto insurance coverage, that’s a good place to start. However, you should know that you are not fully covered and that you may need some more protections in place.
For instance, you may want to get uninsured/underinsured motorist (UM/UIM) coverage. This is because this additional coverage can protect you in the event that an uninsured or underinsured driver hits you or if you are ever the victim of a hit-and-run accident. Without this coverage, you can be left holding the bag – and paying the bills – in either of these situations. So, review your policy and see what add-ons you may need.
Myth 2 – My personal auto insurance will cover me for my business auto uses.
Fact – Not necessarily. Again, while you should review the specifics of your policy to determine the extent of your coverage, in general, people who regularly use their vehicles as part of their work may need to get professional insurance coverage to protect them in the event an accident occurs during the course of their work.
Without such coverage, businesses can be placed in jeopardy in the event victims sue (and win) following an auto crash.
Myth 3 – I can count on my insurer to pay my auto claims because I’ve always paid my premiums on time.
Fact – Unfortunately, this myth can end up being a costly one for unsuspecting policyholders. The truth is that policyholders generally cannot trust insurance providers to honor policies or make reasonable claim payouts. This is because insurers are usually more intent on protecting their bottom lines, and this typically means that they are looking for ways to reduce or deny payouts to policyholders.
Myth 4 – If my insurer denies my claim, that’s the last word, and there’s no reversing that decision.
Fact – Wrong again! A claim denial is not necessarily the last word for a given claim, as policyholders can appeal denials to try to get insurance companies to reverse their wrong and unfair decisions.
Contact a Phoenix Personal Injury Attorney at the Law Office of Richard Langerman
If you have been the victim of insurance bad faith or if you are fighting with an insurer for a payout you deserve, it’s time to contact a Phoenix personal injury attorney at the Law Office of Richard Langerman.
To set up a free, no obligations initial consult with a Phoenix personal injury lawyer, call us today at (602) 240-5525 or send us an email using the contact form at the bottom of this page.
From our offices in Phoenix, we provide superior legal services and representation to clients throughout the state of Arizona.