Each year, over six million car accidents occur in the US. With such high numbers, there’s a good chance that being in an accident could happen to you.
If you’ve been in an accident and are now awaiting car accident payouts from your insurer, we’re sure you’re eagerly awaiting the much-needed income.
However, there are a few myths when it comes to car accident settlements–don’t fall for them, or it might impact your payout! Keep reading to find the top five myths to avoid when it comes to insurance settlements.
- I Don’t Need an Attorney to Help Me
If you think you can manage auto accident lawsuits on your own, think again. If you want to get the best possible settlement, you’ll want to work with an expert lawyer.
Many lawyers offer no-fee until settlement, so you’ll only need to pay once you’ve received your car accident settlement.
- The Insurance Company Will Look After Me
It’s easy to assume that the insurance company, either yours or the other driver’s, will do the right thing when it comes to your claim.
However, you need to take a proactive approach and be involved in every step of the process. Insurance companies are businesses, after all, and are looking to cut costs whenever they can, so don’t sit back and wait for your check to roll in.
You should contact your auto insurer as soon as possible after your accident—here’s what to know when it comes to managing things after your accident.
- The Settlement Will Cover All of My Bills
Accidents can leave you with huge medical bills—not to mention lost wages and damage to your vehicle. You might be counting on a massive payout to cover all of your bills, but this isn’t always the case.
Unfortunately, settlements aren’t always large enough to cover all of your bills, depending on your policy.
- The Laws Are the Same for Every State
Another common myth is that car accident settlements work the same, no matter where you are. However, this isn’t the case.
In reality, each state has different laws when it comes to insurance, settlements, and working out who is at fault in an accident.
- There’s No Rush to File My Claim
You might think that you have plenty of time after your accident to file your claim. Actually, the truth is that you should file as soon as you can.
Some states have statutes of limitations when it comes to filing, so it’s best to file your claim as soon as possible after the accident.
Avoid These Myths When Claiming for Car Accident Payouts
If you’re waiting for car accident payouts, be sure to avoid these myths! That way, you can get the best possible settlement, as soon as possible.
It’s helpful to take the time to read through and understand everything related to your accident—police reports, insurance claims, and legal documentation, ensuring you handle your case as best you can.
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