Some policyholders pay for an added provision to their automobile insurance policy. That provision could be an underinsured motorist option or an uninsured motorist option. When using either of those options, the policyholder submits a claim with his or her own insurance company.
Benefits linked to possession of uninsured motorist option
An uninsured driver seldom has much in the way of assets. In other words, an injured party would have little reason to seek money from someone that has not bothered to purchase automobile insurance.
Personal Injury Lawyer in Sydney knows that benefits become available if the insured vehicle owner has made a point of letting the insurance company know about plans for using the purchased option. Normally, the police should inform those involved in any accident, in regard to any evidence that the at-fault driver has no insurance.
Sometimes the other driver decides to confess to the fact that he or she has no insurance. That reduces the amount of time that must pass, before the policyholder has gained knowledge of the need to make a claim, using the uninsured motorist option.
Benefits linked to possession of underinsured motorist option
Insurance companies place a limit on the amount of money to which the policyholder has access, following submission of a claim. For that reason, the liability coverage for the at-fault driver might not cover the costs for all of the damages, resulting from a given accident.
The underinsured option is supposed to guarantee payment of the medical bills, along with any property damage. The level of guaranteed coverage cannot exceed the level of coverage that has been promised by the vehicle owner’s liability policy.
The benefits’ availability hinges on prompt notification of the policyholder’s plans, with regard to utilization of the underinsured motorist option. Still, even with prompt notice, the policyholder should be patient, while awaiting delivery of the promised benefits.
While the insurance adjuster should know fairly soon after the accident, whether or not the limits stated in the terms or the at-fault driver’s policy might not cover all of the losses, the same adjuster still must seek other information. The adjuster must learn the full extent of the damages.
In order to obtain that knowledge, the adjuster must collect details on the nature and extent of the victim’s injuries. Without access to such details, adjusters have no ability to calculate the full extent of damages.
In addition, it is the adjuster’s job to ascertain exactly how the claimed injury fits with the limits that were stated on the document/policy that had been purchased by the policyholder. Naturally, the insurer could refuse coverage, if there were evidence that the policyholder had failed to mitigate the effects of injuries suffered by the driver, or any occupants.