Car Accident Process and Insurance Claims Quiz
13 Questions
17 Views

Car Accident Process and Insurance Claims Quiz

Created by
@FLF

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What does the insurance adjuster do if they can place more fault on you?

  • They increase the settlement reserve
  • They pay you more money
  • They deny your claim
  • They pay you less money (correct)
  • What happens if a witness claims that you were speeding at the time of the accident?

  • The insurance company will deny the claim
  • The insurance company will pay out immediately
  • The settlement reserve may increase
  • The settlement reserve may decrease (correct)
  • What is one of the quickest ways to get an insurance company to increase your settlement reserve?

  • Sending them medical bills and records (correct)
  • Threatening legal action
  • Requesting a higher percentage of fault
  • Hiring an expensive attorney
  • What is the purpose of obtaining a police report after a car accident?

    <p>To ensure the other driver's story remains consistent and expedite the insurance claim process</p> Signup and view all the answers

    What information do insurance companies typically require during the claim process?

    <p>Names of the drivers involved, how the accident happened, date of the crash, and other driver's insurance policy number</p> Signup and view all the answers

    Why should injured parties be cautious about sharing too much information with the other driver's insurance company?

    <p>It can impact the claim's outcome</p> Signup and view all the answers

    What can expedite the insurance claim process after a car accident?

    <p>Obtaining a police report before leaving the scene</p> Signup and view all the answers

    What can be given to the insurance company to gather information about the accident?

    <p>Claim number from the police report</p> Signup and view all the answers

    Why should injured parties be cautious about giving a recorded statement to the other driver's insurance company?

    <p>It could lead to a smaller payout as the insurance company may use their words against them</p> Signup and view all the answers

    What is the purpose of the insurance adjuster determining the percentage of fault on each driver?

    <p>To reduce the amount of money the insurance company pays to the claimant</p> Signup and view all the answers

    Why might sending medical bills and records to the insurance company lead to an increase in the settlement reserve?

    <p>It demonstrates the seriousness of the injuries and treatment required</p> Signup and view all the answers

    What is the significance of knowing the settlement reserve set by the insurance company?

    <p>It helps in estimating the value of a personal injury claim</p> Signup and view all the answers

    Why do insurance companies want their settlement reserve to be as high as possible?

    <p>To make it easier for the adjuster to pay claimants</p> Signup and view all the answers

    More Like This

    Proofs to help Case Managers
    9 questions
    Insurance Claim Waiting Period
    10 questions
    Use Quizgecko on...
    Browser
    Browser