It is a well known fact that where the modern science and technology has greatly helped us in reshaping our lives. But here again, life has become so much fragile and complicated that even a single miss or a slip can cause serious damage to the property and lives of hundreds of people. Take, for instance, the case of the Air Crash. An air crash can occur due to various reasons such as human error, error in judgment, unidentified flying object or any other unknown mechanical failure and can cause catastrophic damage: destruction of a million dollar plane and the loss of hundreds of lives. To add insult to injury, there is nothing which can be done to ensure that these kinds of accidents never happen to anyone.
But a lot of remedial measures can be taken in order to ensure that in case of any damage, the victims or the aggrieved are paid something in order to mitigate the damages that they have incurred whether in the form of hospital bills or the bills regarding the repair and maintenance bills incurred after a loss or a damage to the property. That is why the need to go for the accident insurance has grown so much in importance. There are a lot of types of accident compensation which are meant for different types of accidents. The most common of them is the bodily injury liability insurance which encompasses the costs of medical health care provision which becomes a necessary thing after the accident.
Then there is another form of accident compensation which is called as the bodily injury liability insurance which is usually reimbursed in the case of any damage to the property or the vehicle of the aggrieved. Here it should be remembered that the accident compensation can only be given after the insurance company has passed the due process of verifying the claim which has been submitted for the approval. All the insurance companies investigate the claims which have been submitted just in order to verify the veracity of the claims. For example it is imperative for the insurance companies to know whether the individual in question has committed any mistake or has violated any traffic law.
Before anyone is paid the accident compensation the insurance companies make sure that there is a thorough investigation done in order to ascertain the veracity of the claim. The accident compensation cannot be paid unless an investigation is complete. For instance an insurance company will not pay a single dime until and unless they make sure that the victim who is claiming the accident insurance never broke any law.
Similarly if both the people have violated the traffic laws then they both will be made to pay for the damages through their insurance companies. It would be not unfair to say that the accident compensation is a very good system but a system which is not meant for the crooked and the shrewd people as they are always looking for the ways and methods to circumvent the laws and the procedures. There have been many instances where the people have feigned injury but ultimately it turned out that they were concocted.
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Orignal From: Accident Compensation- The Ultimate Insurance Cover
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