How Do Car Insurance Companies Calculate Settlements?
Well I have an eye opener for you! Being an ex-car insurance representative I have the low down on what the car insurance company doesn’t want you to know. The first step they teach an insurance representative is to approach every situation with a skeptical eye. We make sure that all the specific policies were followed: • Stay on the scene of the accident. • Contact the police and have them fill out an accident report. –> • Take pictures of the accident. • Contact your insurance company immediately. The insurance company has several checks and balances in place to insure (no pun intended) they are a profitable business. When the initial report comes in the insurance company will tell the claimer on the next steps to take. Depending on the type of coverage the claimer has for their vehicle depends on the next steps. If the claimer has liability insurance only. Well they are out of luck for their car. Liability only covers any damage the claimer does to other persons or property. Compre
