LYCOS RETRIEVER 
Automobile Insurance: Accidents
built 636 days ago
All automobile accidents should be reported to the Risk Management and Insurance within 24 hours or, in case of injury, as soon as possible by phone, TTY/Relay, or email. In addition to reporting the accident to this office, the local law enforcement agency should always be notified. A packet of materials including instructions on what to do in case of an accident and an incident report can be found in the glove compartment of the vehicles. The forms should be used by the driver to record the details of the accident, and then forwarded to Risk Management and Insurance. The report will be reviewed and processed by the University insurance provider.
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[One] type of automobile insurance fraud occurs by causing more damage to one's own vehicle in an attempt to collect more insurance money. The driver will collect insurance information, then drive home or to a remote location to cause additional damage. Later, he will claim that the damage was sustained during the accident. He might even drive straight to an auto body shop to have the damage recorded immediately by a third party. This is especially common when the driver who hit them didn't bother to call the police about the accident.
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Detail Your Car, Detail Your Policy - As your life changes, so do your automobile insurance needs. The Declarations Page is an important summary of your policy terms, coverage limits, and who or what is protected. Periodically updating this information is important because it can impact your coverage needs as well as the price of your premium, even if the update is simply a change of address. For example, if you are moving from crowded city streets to a quiet suburban neighborhood, you could save significantly on the cost of your collision coverage because a less populated area decreases your chances of being in an accident.
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An automobile insurance company is a business that provides financial protection in the event of an accident or theft. Protection can only be provided if an automobile's coverage is current; customers pay annual (or semi-annual) premiums to keep their automobile insurance coverage up-to-date. If a claim is ever filed, then, the insurance company will pay the contracted amount as specified in the insurance rider. The coverage money may go to the client or to another party in an accident
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Prior to February 1, 1999, every private passenger automobile was required to have liability insurance to provide insurance coverage if the driver of the automobile is at fault in the accident and injures another person or damages another person's property. The laws of this State require minimum coverage of $15,000 if one person is injured in an accident; $30,000 if more than one person is injured; and $10,000 for property damage. Higher limits of coverage could be purchased. Beginning February 1, 1999, the requirement to carry liability insurance is eliminated, unless the driver has certain violations on his record or there is a driver in the household who has been licensed for less than three years.
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The third most common type of automobile insurance fraud is called "The Wave", and is particularly nasty. One car will be traveling straight on a street lined with entrances to businesses. He will stop and "wave" another driver into traffic, then step on the accelerator and hit the second car. Later, when the police arrive, they will claim they never waved the second driver into traffic... making the accident the second driver's fault.
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