Most of us are good residents and buy legal responsibility insurance coverage to cowl us in case we trigger an accident. Some individuals buy minimal legal responsibility protection and a few individuals buy extra.
If you purchase this insurance coverage you might be doing it to not solely adjust to the legislation, however to guard you and your property in case you trigger a automobile, motorbike, or different motorcar accident.
Now for example that you simply get into an accident that’s your fault; you report the accident to your insurance coverage provider; you suppose that your insurance coverage firm will cowl you pursuant to your insurance coverage coverage proper? WRONG!
In case you learn the wonderful print in your insurance coverage coverage you’ll discover a bunch of language that the majority non-lawyers wouldn’t perceive. The gist of the language in plain English is that by accepting the insurance coverage coverage, you comply with cooperate with the insurance coverage firm in the event that they resolve to litigate, and the insurance coverage firm is the one who decides whether or not a case will likely be settled, not you.
The insurance coverage firms are all about making tons of cash and paying as little as attainable. Because the introduction of legally necessary insurance coverage protection (Proposition 213 in California) the insurance coverage firms have turn into very cavalier as a result of their coffers are stuffed with your cash.
As a substitute of settling meritorious claims, they’re forcing claims to be litigated in Courtroom in an try to cease private damage legal professionals from acquiring a simply restoration for his or her shoppers. They know full nicely that non-public damage legal professionals shouldn’t have as a lot cash to litigate as they do, so their ploy is to starve out the private damage legal professionals and finally make it more durable for people who find themselves injured in accidents to acquire a restoration. Ultimately it’s the client and individuals injured in accidents who’re damage, whereas large enterprise makes extra revenue at your expense.