Motorcycle Attorney Insurance Claims 1

Question 1

What is the difference between 'first-party' and 'third-party' insurance claims in a motorcycle accident?

Accepted Answer

First-party is a claim against your own insurer; third-party is a claim against the at-fault party's insurer

Answer

A first-party claim is filed with your own insurer, while a third-party claim is filed against the at-fault driver's liability insurer.

Question 2

What is 'underinsured motorist' (UIM) coverage designed to do?

Accepted Answer

Pay the gap when the at-fault driver's liability limits are insufficient to cover your damages

Answer

UIM coverage supplements the at-fault driver's insufficient policy limits to ensure the injured motorcyclist is fully compensated.

Question 3

What is an insurance 'policy limit' and how does it affect a motorcycle accident settlement?

Accepted Answer

The maximum dollar amount an insurer will pay for a covered claim

Answer

A policy limit is the maximum amount an insurer will pay per claim or per occurrence, which can cap the settlement a motorcycle accident victim receives.

Question 4

What is 'medical payments' (MedPay) coverage on a motorcycle policy?

Accepted Answer

Pays medical expenses for the insured rider regardless of fault

Answer

MedPay is a no-fault coverage that pays medical and funeral expenses for the insured rider regardless of who caused the accident.

Question 5

What does it mean when an insurer offers a 'reservation of rights' letter in a motorcycle accident claim?

Accepted Answer

The insurer is investigating and reserving the right to deny coverage later

Answer

A reservation of rights letter means the insurer is handling the claim but reserves the right to deny coverage if an exclusion is found during investigation.

Motorcycle Attorney Practice Test

Motorcycle Attorney Practice Test

Motorcycle Attorney Insurance Claims 1