workers comp lawyer Norcross GA wasn't something I pondered about until I had my very first occupational injury a month ago. I was taking inventory of the warehouse when it happened. Someone in the opposite lane was using a forklift to place a pallet, and in doing so knocked a box of DVD's off the ledge. The box crashed into my left shoulder. The jolt hurled me to the ground hard. Right when I collided with the ground I discerned something was terribly wrong. The agony was sudden and acute. But my thoughts were elsewhere, because as a person without health care I didn't think I'd be able to afford health care if my company figured out some method to avoid paying medical costs for my newly dislocated shoulder. You can see I've never trusted upper-management. Luckily, that wouldn't be a problem. As it turned out, my employer had wisely bought workman's compensation insurance. So basically I had no reason to worry. My hospital bills were already on their way to being paid. And the greatest part about being covered was the workman comp company compensated me for lost hours because of my injury.
Subrogation is an idea that's understood in insurance and legal circles but sometimes not by the policyholders they represent. If this term has come up when dealing with your insurance agent or a legal proceeding, it would be in your self-interest to understand the steps of the process. The more you know, the more likely an insurance lawsuit will work out in your favor.
Any insurance policy you own is a promise that, if something bad happens to you, the firm that covers the policy will make restitutions in a timely fashion. If your property is broken into, for instance, your property insurance agrees to repay you or pay for the repairs, subject to state property damage laws.
But since determining who is financially responsible for services or repairs is typically a heavily involved affair – and time spent waiting sometimes compounds the damage to the policyholder – insurance companies often decide to pay up front and assign blame after the fact. They then need a path to regain the costs if, once the situation is fully assessed, they weren't actually responsible for the payout.
You are in a traffic-light accident. Another car collided with yours. Police are called, you exchange insurance information, and you go on your way. You have comprehensive insurance and file a repair claim. Later police tell the insurance companies that the other driver was entirely to blame and her insurance should have paid for the repair of your car. How does your company get its funds back?
How Does Subrogation Work?
This is where subrogation comes in. It is the method that an insurance company uses to claim reimbursement after it has paid for something that should have been paid by some other entity. Some insurance firms have in-house property damage lawyers and personal injury attorneys, or a department dedicated to subrogation; others contract with a law firm. Under ordinary circumstances, only you can sue for damages done to your person or property. But under subrogation law, your insurer is extended some of your rights for having taken care of the damages. It can go after the money that was originally due to you, because it has covered the amount already.
Why Do I Need to Know This?
For starters, if you have a deductible, your insurer wasn't the only one who had to pay. In a $10,000 accident with a $1,000 deductible, you lost some money too – to the tune of $1,000. If your insurance company is unconcerned with pursuing subrogation even when it is entitled, it might choose to recoup its expenses by raising your premiums and call it a day. On the other hand, if it has a capable legal team and pursues them enthusiastically, it is acting both in its own interests and in yours. If all of the money is recovered, you will get your full deductible back. If it recovers half (for instance, in a case where you are found one-half at fault), you'll typically get half your deductible back, depending on the laws in your state.
Furthermore, if the total loss of an accident is over your maximum coverage amount, you may have had to pay the difference. If your insurance company or its property damage lawyers, such as family law firm Vancouver WA, pursue subrogation and succeeds, it will recover your expenses in addition to its own.
All insurance companies are not the same. When comparing, it's worth weighing the records of competing firms to find out if they pursue valid subrogation claims; if they resolve those claims without delay; if they keep their policyholders apprised as the case continues; and if they then process successfully won reimbursements right away so that you can get your money back and move on with your life. If, instead, an insurance agency has a reputation of paying out claims that aren't its responsibility and then covering its bottom line by raising your premiums, you'll feel the sting later.
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An attorney can help you decide what steps you should take and will look out for you every step of the way. A dedicated attorney cares about the responsibility to represent men and women in a court of law and will keep your best interests at heart.lawyers in immigration West Valley City Ut