Phoenix Personal Injury Attorney - Serious Injury Accidents And Insurance Company Coverage Concerns
A serious injury accident can give you not only physically harmed
, but can also leave you financially injured. Most of us think that we have insurance to cover such events, and although this is partially true, the insurance companies are largely worried about paying as little as possibly can while shifting the burden of the costs to you.Several people don't totally understand the in's and out's of how insurance companies really work. Insurance companies are generally seeking to improve their bottom line and therefore their stockholders shares. Let's have a look at how insurance companies work with hospitals to save money and transfer costs to you, the insured.
If you're in a serious injury accident and break your leg, the insurance company will pay the hospital a portion of the cost to treat your broken leg. Hypothetically, if you break your leg and decide to pay the hospital in full from your own pocket, the cost would be $5,000. Now the majority of us suppose that our insurance company pays the hospital the full $5,000, but that is not the case. The insurance company will only pay a portion.
Due to the insurance companies having the upper hand in contract negotiations with the hospitals, the hospital usually negotiates and agrees to some form of a discount. In either case, the insurance company will usually pay lower than full cost for the procedure.
Based on your insurance policy and coverage exemptions, you will most likely be required to pay for a part of your medical care.
If some other person is at fault in your serious injury accident then you definitely face battling that person's insurance company. These companies will search for quick cheap settlements (or no settlement) and will attempt to take advantage of your lack of knowledge of what you are actually entitled to obtain.
If you suffer from a serious personal injury, you require a competent and experienced lawyer to watch out for your best interests. Irrespective of whether or not someone else is at fault for your injury, you require a lawyer to help you through the process. A lawyer will help sift through the complicated insurance coverage policies and will help you to discover the parts of the policy that give you probably the most comprehensive coverage.
When faced with a serious personal injury, the last thing you must concern yourself with is how you're going to pay your medical bills. Unfortunately, it is a reality that you should take steps to make sure that you will not be saddled with an extravagant bill that your insurance company should cover. A lawyer is the only one who is truly on your side when you are confronted with a serious personal injury, simply because he or she is working for you and no one else.
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