Accident Lawyer Tips Insurance Claims and Negotiations

Question 1

What is the difference between a first-party and third-party insurance claim?

Accepted Answer

First-party is filed with your own insurer; third-party is filed against the at-fault driver's insurer

Answer

First-party claims are for vehicles; third-party claims are for injuries

Answer

First-party claims go to court; third-party claims are settled privately

Answer

There is no legal difference between them

Question 2

What is 'bad faith' insurance handling?

Accepted Answer

An insurer unreasonably denying or delaying a valid claim

Answer

Paying a claim too quickly

Answer

Offering a settlement higher than the claim value

Answer

Requiring a police report to process a claim

Question 3

What does 'subrogation' mean in the context of insurance?

Accepted Answer

Your insurer's right to recover payments from the at-fault party after paying your claim

Answer

Your right to sue your own insurer for more money

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A type of settlement payment plan

Answer

The process of canceling your policy after a claim

Question 4

What is the insurance adjuster's primary goal when evaluating your claim?

Accepted Answer

To minimize the payout made on behalf of the insurer

Answer

To ensure you receive maximum compensation

Answer

To process claims as quickly as possible for your benefit

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To refer you to the best medical specialists

Question 5

What is 'PIP' coverage in auto insurance?

Accepted Answer

Personal Injury Protection, which covers medical expenses regardless of fault

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Property and Injury Protection

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Partial Insurance Policy coverage

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Pre-Incident Property coverage

Question 6

What should you do if the insurance company's settlement offer is too low?

Accepted Answer

Reject it and have your lawyer send a counter-demand with supporting documentation

Answer

Accept it to avoid a lawsuit

Answer

Ask your friends what they think is fair

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File a criminal complaint against the insurer