The auto insurance industry is well designed and regulated to ensure that every stakeholder in the industry is well taken care of. For instance, there are usually minimum liability coverage for different types of liabilities, including underinsured and uninsured parties. Every driver is also required to have a valid auto insurance policy and evidence of the same. When an accident occurs on the road, insurers are expected to calculate the total liabilities arising from the crash and compensate the injured parties for their losses.
In reality, however, the issue of fault can be denied by insurers, so they can refuse to make a payout, especially if the claim is substantial. Secondly, one or more parties can be seriously injured during the crash and the liability coverage offered by insurers may not even come close to the actual liabilities. When insurers refuse to pay a claim, offer a mediocre claim or you’ve suffered serious injuries, you should hire a competent car accident lawyer.