What you should do if this happens to you!
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| Ways to save on your auto insurance |
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Shop around and compare prices. A list of companies can be found in your local yellow pages of your phone book.
Maintain a good driving record.
Take the highest deductible the insurance will allow for collision and comprehensive coverage. A higher deductible will lower your premium.
More ways to save!
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Structured Settlements
Structured settlements are used when injuries are serious, require future treatment, or resulting in permanent injury. The structured settlement is available only with a personal injury claim to cover present and future needs. Structured settlements meet specific needs of injured people by replacing lost income, making house payments, funding college education, supplementing retirement and paying continuing medical care.
A structured settlement is a legal promise by which the defendant (insurance company) agrees to make periodic payments to the injured party over a number of years according to an agreed schedule. Structured settlements offer payment method flexibility. Payments can be scheduled monthly, quarterly, semi-annually, annually, or lump sums at specific dates for a certain period of time or even a lifetime.
Structured settlements guarantee in writing, a good secure rate of return as well as wise money management. They eliminate management fees which are usually required to successfully invest and manage money over long periods of time. The claimant (person receiving settlement) does not pay federal, state, or local income taxes on structured settlement payments. People typically end up with more money over time, if they take a structure, rather than taking a lump sum.
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More Information:
How long does it take to settle a claim?
Putting a value on a claim
Structured settlements
In 2005, there were nearly 6,420,000 auto accidents in the United States.
About 115 people die every day in vehicle crashes in the United States, estimating one death every 13 minutes.
Motor vehicle crashes are the leading cause of death for U.S. teens, accounting for 36% of all deaths in this age group.
California leads the nation in traffic fatalities. More than 4,000 sustain serious injuries, such as quadriplegia, paraplegia, brain injuries, and spinal cord injuries.
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Insurance Resources
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