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Car Accident Process and Insurance Claims Quiz

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Car Accident Process and Insurance Claims Quiz

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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?

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

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

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

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

It can impact the claim's outcome Signup and view all the answers

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

Obtaining a police report before leaving the scene Signup and view all the answers

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

Claim number from the police report Signup and view all the answers

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

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

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

To reduce the amount of money the insurance company pays to the claimant 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?

It demonstrates the seriousness of the injuries and treatment required Signup and view all the answers

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

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

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

To make it easier for the adjuster to pay claimants Signup and view all the answers