What is the Job of a Claim Adjuster?

An auto insurance claims adjuster investigates and handles auto insurance claims. They are assigned multiple claims at one time, and they deal with the claimants and any witnesses available. Put simply, the adjuster will have to decide if the claimants should get paid. They gather information such as photographs and documents that they have received from the claimants. They check hospital and police records and inspect the property damages in order to determine what the auto insurance provider is required to pay. Claims adjusters may handle property or liability claims. Property claims involve damages to buildings, and liability claims involve personal injury or property damage to a third party. A claims adjuster that handles both of these claims is called a multi-line adjuster. In addition, they investigate and make payments to the victims for their damages, when they qualify. Any claim that is not settled is usually brought before a court. The adjuster may have to appear in court, where he or she will present the facts and the paperwork to the judge.

What is Accident Forgiveness and Who Gets It?

Accident forgiveness is a new policy offered by some auto insurance companies. It’s designed to give a ‘break’ to people who are otherwise good drivers and haven’t had any problems. These people have clean driving records, and they haven’t given their auto insurance companies any reason to doubt them. But, when these drivers get into an accident and it’s their fault, their good history with the insurance company buys them a little mercy when it comes to their insurance rates. So, the agency ‘forgives’ them for causing an accident. It pays the claim, and the driver’s rates don’t go up. However, this is usually a temporary offer. If the driver causes another accident — usually within a set period of time — the forgiveness will no longer apply and the rates will start to go up.

What Does “At-Fault” Mean and How Does it Affect Insurance?

If you’ve been in an auto accident, whether you were the cause of that accident can have a lot to do with what kind of auto insurance rates you may be paying in the future. An accident will result in an auto insurance claim, and if you’re found to be “at-fault” in that claim, meaning you caused the accident, your insurance company will have to pay for the damages to your car and to the other person’s car. If there are injuries, your auto insurance company is also responsible for medical bills up to a certain dollar amount.

Rare Cars: Bugatti Veyron

The rare things in life come at a significant cost: The Hope Diamond, true love and the Bugatti Veyron are three. Assembled by hand in the Bugatti headquarters of Alsace, only 150 2009 Bugatti Veyrons will be produced — with the first 50 earmarked for existing Bugatti customers. True love and the Hope Diamond may be easier to acquire.

Assigned Risk Auto Insurance and Who Has It

A few speeding tickets, a collision, maybe a DUI conviction? One mess up too many and your insurance company will label you high risk, meaning your coverage could be canceled. If you face this issue, you are looking at an expensive problem. Almost every state requires drivers to maintain auto insurance; you do not want to be caught driving without it. If you lose coverage, find out if you can buy a new policy as a “high risk” driver. Many insurance companies offer these non-standard policies; they are expensive but cater to drivers with poor records. However, some drivers have besmirched their records so badly that the voluntary market will not insure them. If several companies turn you down in your quest, you have entered the world of assigned risk auto insurance.