There are many different types of insurance coverage, and this can lead to some confusion when individuals are injured in an accident as they may not be sure as to what to expect. Becoming more informed about common myths about insurance can be one of the more effective ways of preparing yourself for this type of situation.

Myth: Insurance Must Always Indicate A Party At Fault In Order For A Claim To Be Filed

A frequent concern about filing an insurance claim is the assumption that a party must be identified as being liable for the damages in order for the damages to be covered. However, this is not the case as there are many states where no-fault insurance claims can be possible. These claims will provide coverage for the injured party regardless of the party that was responsible for the injury. As a result of this type of coverage, these policies can be invaluable for those that have recently be a victim of a serious accident.

Myth: No-Fault Insurance Claims Will Not Require An Attorney To Complete

Due to the fact that a no-fault insurance claim will not require one party to be deemed responsible for the incident, individuals can assume that this will mean that an attorney is not needed. In reality, these claims can be as complicated as any other type of insurance claim. Furthermore, mistakes when filing the claim can increase the risk of it being denied or the compensation for the claim being far less than what is needed to cover the full extent of the damages. In order to protect yourself from these potential complications, you may find it advantageous to always have professional representation throughout the process of filing your no-fault insurance claim.

Myth: The Initial Settlement Offer In A No-Fault Claim Will Always Be The Best

As part of the process of filing a no-fault insurance claim, there is likely to be a series of offers between the victim and the insurance company. Unfortunately, individuals will often feel a lot of pressure to accept the initial offer from the insurance, which can lead to them assuming that this will always be the best offer that they can expect to receive. In reality, the initial offer can often be relatively low given the value of the damages that were suffered, and some insurance companies may rely on the pressure the victim is feeling to accept this offer. As a result of this tendency, individuals are well-advised to view the offers from the insurance skeptically and to consult with their representation before accepting it.

If you find yourself in a situation where you'd like to learn more about no-fault claims, consider speaking to a local attorney today!