An accident can tear your dreams into pieces and take away your loved ones. Even if a victim survives he or she may be fatally injured. And sometimes the injured become unable to live by themselves. Law provides protection for the people. But after an accident nobody can recover you fully. If you do recover from the physical injuries you won’t be able to recover from the mental ones. To determine that injuries are categorized as following:
- Physical Injury: Visible Injuries. In elaborate injuries to your body like broken bones, twisted ankle etc. Like if you have a car accident and break your tibia bone then it will be a physical injury.
- Mental Injury: Invisible Injury. Generally injury which affects your inner self. Mental injury can cause inappropriate behavior, health unconsciousness and physical illness as well. As an example if you start suffering from post-traumatic stress disorder after witnessing a fatal accident.
You must know what type of damage you are suffering from before you can make a claim. You must also seek and hire a professional personal injury attorney. Your lawyer will take you through the process which will make things easier. But you must know the basics of what you are dealing with because you are the one who will make the decisions. Speaking of which let me explain the most important part of claims, which is subrogation and settlement.
Medical expenses are usually carried out by the insurance company. But the insurance company may ask everything about how the accident occurred. This can occur before or after the insurer agreed to pay the bill. The insurer may also ask whether you want to sue someone or not. Now it is very likely to get curious about why they are asking all those. Well the insurer actually wants to know if there was a third party involved or whether someone was partially at fault. And it is because if there was someone else involved then the insurer can reduce some financial responsibility through suing that party. And this concept is recognized as subrogation rule.
Settlement for such issue can be a little complicated. But this actually helps to revive both parties. Suppose your insurer paid $1000 for your medical expense. Now if it is found that a third party was involved then only the insurer can recover the damage penalty from the defendant. So if you think you can make our insurer pay then pocket the damage penalty as well then you are wrong.
Knowledge is power – That’s what Kofi Annan said. So even if you think you don’t need to know about the pros and cons then you are wrong. Subrogation & Settlement is one of them. So always know about your weapons before you can fight with them.