Accident Lawyer Tips Insurance Claims and Negotiations 2

Question 1

What does 'liability limits' mean in an auto insurance policy?

Accepted Answer

The maximum amount the insurer will pay for a covered claim

Answer

Liability limits cap the insurer's payment obligation; amounts above those limits must be recovered from the at-fault driver personally or through other coverage.

Question 2

What is 'medpay' coverage in auto insurance?

Accepted Answer

Medical payments coverage that pays medical bills regardless of fault

Answer

Medical payments (MedPay) coverage pays for medical expenses of you and your passengers regardless of who caused the accident.

Question 3

Why is it dangerous to give a recorded statement to the opposing insurance company?

Accepted Answer

Statements can be taken out of context or used to minimize your claim

Answer

Opposing insurers use recorded statements to identify inconsistencies or admissions that reduce their liability exposure.

Question 4

What is an 'Independent Medical Examination' (IME) in an insurance claim?

Accepted Answer

A medical exam ordered by the insurance company to evaluate your injuries

Answer

IMEs are conducted by doctors selected by the insurer and often used to challenge the extent of claimed injuries.

Question 5

What does 'comparative fault' mean for your insurance claim in a shared-fault accident?

Accepted Answer

Your compensation is reduced by the percentage of fault attributed to you

Answer

In comparative fault states, compensation is proportionally reduced based on the victim's percentage of responsibility for the accident.

Accident Lawyer Tips Practice Test

Accident Lawyer Tips Practice Test

Accident Lawyer Tips Insurance Claims and Negotiations 2