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THIS IS AN ADVERTISEMENT!
5. What
sources of compensation can be pursued?
Uninsured and/or Underinsured Coverage - Most people cannot
tell us what coverages they have
You & the Law I
have filed it with the
Commonwealth of Kentucky, you are covered under Kentucky's
"No-Fault" law
for complete payment of your medical bills,
and for replacement services and/or lost wages up to a
total of $200
per week, until your benefits are exhausted. Standard coverage
provides for $10,000
in benefits to each person, although additional
coverage may be purchased through your local agent.
Payment of your
medical bills by your own insurance carrier eliminates the need to
argue with another
company about who was at fault and will greatly
reduce your chances of unpaid accounts showing up
on your credit
report. If you were not at fault in the accident, your own carrier
will recover the money it
has expended from the at-fault driver's
carrier at the conclusion of the claim. To open your PIP claim,
contact your agent and ask for a PIP application.
sustain as a result of an
auto accident. However, you don't expect the defendant's insurer to
call and offer
you a fair settlement; remember - the adjuster's job is
to take care of HIS insured, not you. If you're injured,
our job is to
work for YOU, not the other guy. Since the adjuster is a professional
working for the defendant
driver, you need a professional working for
you.
purchased under their own policy, and
you can be certain that no one will call and tell you that there may
be coverage available to you if you are hit by an uninsured driver or
by someone who doesn't carry limits
sufficient to compensate you for
your damages (underinsured). Insurance policies have very strict
requirements
which must be adhered to in a timely manner in order for
a claim to be processed. Unless you are familiar with
your carrier's
requirements, your claim may be denied; not because it isn't valid,
but because some minor detail
was overlooked. Again, this is where it
pays to have the benefit of a professional on YOUR side. If you've
been hit
by an uninsured driver, this could be your only source of
compensation for your pain and suffering, as well as
medical bills
which may exceed your PIP coverage.
or Medicaid, and your
medical providers may bill one of these without telling you that it is
doing so. If your PIP
benefits have been exhausted, these provide
means of continuing your treatment without incurring a lot of medicalbills. However, private health insurance companies may have a right to
subrogate, meaning that you may have to
pay back from a settlement all
monies that health insurer has expended for treatment for injuries
sustained in the automobile accident. Medicare and Medicaid must
always be repaid in order to avoid losing your medical card and/or
Social Security or SSI benefits you may be receiving. Failure to
notify Medicare or Medicaid that you have a pending claim may also
result in a loss of benefits. Again, having a team of professionals
can make the difference
in getting a fair settlement and getting a
fair settlement which has to be divided with another agency.
All contents © Copyright 2008 by William Grover Arnett, P.S.C.
All Legal Rights Reserved.
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