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Contacting your own insurance company right after you’ve been involved in a car accident is particularly important. However, you should understand that under your own insurance policy, the insurance company is entitled to quite a few rights. With this in mind, let’s take a closer look at each and every one of the most common authorizations that you’ve agreed to when signing your insurance policy.
Access to Your Work and Medical Records
All of the insurance policies provide the company with the right to take a look and further examine your work and medical records. This is why you will most likely receive a form which is called Authorization for Release of Records or something of the kind. You need to sign it in case you want the insurance company to actually process your claim.
The Right of Cooperation
The insurance company is entitled to seek your cooperation. This includes questioning and other related activities which are going to help the company reveal the whole situation, examine it and assess it so that they could properly process your claim. Let your lawyer handle these aspects as they understand how to work with the insurance company’s representatives and adjuster.
Right of Subrogation
This is particularly important. This is the right of your own insurance company which gives her the possibility of seeking reparation of the compensation it has paid out to you from the one who is actually responsible for the accident. For instance, if you’ve been involved in an accident and it was the other driver’s fault, your insurance company is going to pay you the money to repair your car and then seek it from the other side. In the majority of cases it would have to go up against the other driver’s own insurance company – it’s as simple as that.
Inspection Of Vehicle
When you’ve been involved in a car accident and you want to get the damages on your vehicle repaired, the insurance company is going to have to check out the damages on its own. It is then going to cross-check the cost of the damages and assigns the reimbursable value according to their own politics. This is particularly important. Though they will give a lower amount than what is deserved, having a good injury lawyer in your corner can help you get maximum benefits.
However, there are things that you need to be aware of. It is essential to keep in mind that it is in the insurance company’s best interest to give you the smallest amount of money – that’s how they increase their own revenues and that’s how they stay in business. With this in mind, you want to make sure that you are present when they are inspecting your vehicle so that you see that they describe every single crack, dent and damage to your vehicle as it is. This is important if you want to get fully compensated.