Memphis Injury Law Blog : Memphis Personal Injury Lawyer & Attorney : James Ferrell Law Firm : Tennessee, Mississippi

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Because we are a personal injury and car wreck law firm we got hundreds of calls a year asking about situations in which people where involved in some type of car accident. We don't always have time to answere these questions on the phone due to our current caseload so here on the Memphis Injury Law Blog I'll try to answer some of our most frequently asked questions.

Question: I was in a small accident where my car crashed into someone else's car while we were both in a parking lot. There wasn't much damage to either of our cars and noone in the other car seemed to be hurt. I don't want to report the accident and have my car insurance rates go up. Do you recommend just settling with the other drive and not reporting this to my insurance company?

Answer: It might be tempting to just attempt to settle everything on your own and not report this to your insurance company, especially if this isn't your first accident. But NOT reporting the accident to your insurance company could be a really BAD idea.

We all make mistakes. And each of us pays an insurance premium, in part, so that we don't have to deal with the headach of the mistake and claim ourself. If you don't report the claim immediately what could happen is that in a few months the guy you hit might find out that his injuries were much worse than both of you previously thought, and his back is still hurting. Because you didn't report the claim to your insurance company you're going to be defending the claim all by yourself.

If you had reported this to your insurance company months ago then his claim would have been handled by your insurance company.  But if it has been months since the insurance and you never notified your insurance company then they are probably going to deny the claim because of "late notice." (Insurance policies typically require you to give "prompt notice" of any claim.  Not notifying them because you were scared your premiums would go up is not a valid reason to not report the claim.)

Now you're stuck with a claim that you're going to have to pay for, and that you're going to have to personally hire a lawyer to defend. If you would have reported the claim to begin with none of this would have happened.

Bottom Line: Report the claim.

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Did you know that it actually matters who your insurance providers is? Probably not. Besides going with “whoever’s cheapest” or whichever agent is the nicest or related to you probably don’t really care much about the insurance company that has your car or home insurance do you? Big mistake, make that really big mistake!  

Did you know that the same insurance company that kindly takes your payments every month and assures you that “your in good hands” has an “official” policy of delaying payments on all claims and low-balling their own insurance clients? All in an effort to maximize their profits by making their own customers accept lower offers from them for their injuries.

Allstate insurance actually hired a consult who advised them to trade in their “good hands” for “boxing gloves” when dealing with their own customer’s claims. And what’s worse is that they actually took the consultants advice.

Here’s the complete list of “The Ten Worst Insurance Companies in America”.

1. Allstate
2. Unum
3. AIG (We’ve all seen these guys in the news lately.)
4. State Farm (Not so neighborly to Mississippi after the hurricane huh?)
5. Conseco
6. Wellpoint
7. Farmers
8. United Health
9. Torchmark
10. Liberty Mutual

If you've got questions about your Mississippi accident or injury claim please call me at my Olive Branch office, or if you have questions about your Tennessee wreck please call Chris Johnson in our Germantown office. We're happy to help with all of your Mississippi or Tennessee personal injury lawyer needs.