Most drivers do not like to think about the possibility of getting into a motor vehicle accident. Unfortunately, you will very likely have a car accident at least once in your lifetime. Knowing what to do before such a distressing event will help you protect all of your financial and legal rights.
Even if you are sorry about a wreck, do not make such statements at the accident scene. Apologizing can be viewed as an admission of guilt. Let the police investigate what happened and truthfully tell your side of the story. If the police determine you are not at fault, then you have a number of legal and financial rights especially if you were injured.
The other party’s insurance company will probably frequently call you hoping to quickly settle the situation. Even your insurance company will try to low-ball the value of your damaged car, dismiss your lost work time as unimportant and focus on paying as little of your medical bills as possible. Neither insurance company will take into account pain and suffering or the potential cost of future medical bills.
Any settlement offer you get without the help of a qualified car accident attorney is probably way too low. Insurance companies know you are distressed and probably in acute physical pain. They also know a lot about the law and unless you are a personal injury attorney you will not have that depth of knowledge. This is a good time to get in touch with a local motor vehicle accident lawyer for a complimentary consultation.
When you are in the process of searching for a new home, there are a lot of different variables that you have to take into consideration. One of the most important parts of the process is coming up with the money that you need to buy the house. If you are shopping around for a mortgage, there are specific laws that can have an impact on you as a borrower. Here are a few things to consider about mortgage laws and how they affect you.
Good Faith Estimate
The good faith estimate is a document that you will receive when you apply for a mortgage. On the document, you will see an itemized list of the fees and costs associated with getting the loan. You’ll be able to know exactly how much you are going to have to pay in closing costs. You are supposed to receive this estimate within three days of submitting your application. If you are working with a mortgage broker, you may need to get the estimate from him instead of from the lender.
Truth in Lending Act
The Truth in Lending Act is legislation that makes it easier for customers to know important information about their loans. If you are getting a mortgage loan, the lender is required by law to provide you with specific information about the loan. For example, you have to know the annual percentage rate, how many payments you will make over the life of the loan, the total that you’ll pay in interest, and other items. In the past, lenders could hide all of this information to make it harder for you to get the truth. Now, you can get the information that you need upfront.
If you’ve been injured in an accident, you get to meet lots of new people: police, doctors and nurses, and rude insurance adjusters, if the accident wasn’t your fault. You may even meet a personal injury lawyer who just might become your new best friend.
No matter the cause, accidents aren’t a lot of fun. You’re angry. You’re in pain. You’re stressed out, especially if you can’t work due to your injuries and you are your family’s only support. You have to deal with the at-fault party’s insurance company where you may be assigned an adjuster who thinks you’re malingering.
Enter the personal injury lawyer. He is there to get you through this complex process called an insurance claim. As soon as you retain an attorney, you no longer have to deal with insurance adjusters. The attorney is now their point of contact, and you’ve just lost one source of stress.
Settling an insurance claim is a complicated process, involving a myriad of documents that result in a report called a demand package. Sure, you can put this package together by yourself or let the defendant’s insurance company do this, but is it in your best interests to do this? Probably not.