California Auto Insurance Claims Settlement

What You Need To Know About California Auto Insurance Claims Settlement.

Commissioner Steve Poinzer, with the California Department of Insurance (CDI), has announced late July 2009 that an increasing number of suspected California auto insurance fraud has been reported as the economy worsens. Individuals are cashing in on california auto insurance claims settlements for arson and auto theft. When a client tried to file her California auto insurance claims, settlement was offered by the courts because former broker Ana Gloria Ramos was convicted of felony grand theft after accepting premiums for a policy that didnt exist. Approximately 1900 insurance fraud-related arrests have taken place since 2007 for cases like these. In order to ensure california auto insurance claims settlements are handled legitimately, the insured should notify their California auto insurance company or broker as soon as an accident has occurred to determine if any damages exist. Once decided, california auto insurance claims settlements are required to be paid within 30 days.

There are a variety of california auto insurance claims settlements that can be processed based on the type of California auto insurance coverage the insured has on their vehicle. Collision claims occur when there is physical damage to the vehicle, Comprehensive claims occur in cases of vandalism or other events that are named in the policy, and Medical Payments claims cover any sustained injuries to the driver and passengers. California state law requires the driver at-fault be determined by the insurer prior to california auto insurance claims settlements. Then the california auto insurance claims settlement is paid by the insurance company of the at-fault driver.

This often raises their premiums for 36 months due to a surcharge for property damages $500 or greater or when there are injuries in an accident. Having a qualified attorney or reputable insurance company can greatly assist the insured in ensuring the california auto insurance claims settlement is in the insureds best interests.