When Insurance Companies Take Advantage of Subrogation in Mississippi Accident ClaimsMississippi Legal News
Auto insurance companies are like businesses, they want to save as much money as possible to maximize their profits. This can lead some insurance companies to take advantage of insurers who have just experienced a Mississippi car accident by using various tactics to avoid paying as much compensation as the insured person is eligible for. One tactic some insurance companies use involves subrogation. Talk to a Mississippi Multi-Vehicle Accident Lawyer if this happened to you.
What is Mississippi Auto Insurance Subrogation?
Mississippi insurance subrogation happens when your insurance company attempts to obtain compensation for the damages you suffered in the car accident from the party responsible for those damages. This third party may be the person who was driving you as a passenger or another driver. During this process, your insurance company may seek this compensation directly from the other driver or from that driver’s auto insurance company.
However, you may only recover a certain percentage of your insurance deductible if you are deemed even partially at fault for the car accident. This is because Mississippi operates under pure comparative negligence law, which means each driver is assigned a certain percentage of fault for the accident. The higher your percentage of fault, the less your insurance deductible will be covered by the insurance company.
Recognizing When Mississippi Subrogation Takes Advantage of You
There are times when an insurance company may decide to take advantage of the subrogation process or insurance claims process in a way that works against you. Abusing subrogation in Mississippi means the auto insurance company has failed to inform you of the subrogation they are pursuing because they intend to not refund the cost of your deductible for any damages they recover through subrogation.
This is a sneaky trick devised to save the insurance company money, but insurance companies that do this are not complying with the law because the law requires insurance agents to disclose any subrogation they decide to pursue. In other words, you should be wary of insurance agents who attempt to hide certain information from you related to subrogation and your deductible.
You can keep a check on your insurance company by knowing when subrogation is usually used. Subrogation is commonly used when you file a car accident claim that places the other driver at fault for the accident and when your insurance agent is going to obtain compensation from the other driver. You should also be wary of the contract trick that waives your right to be compensated through subrogation.
A waiver of subrogation can be found in the fine print and might remove your ability to receive compensation for some of the damages you suffered.
Auto Accidents Attorney in Mississippi
You do not have to settle for less compensation when the other driver was partially at fault for the accident. All you have to do is contact the Germany Law Firm, PLLC today at (607) 487-0555 to talk to a Mississippi Auto Accident Lawyer who can defend your claim against the insurance company. Our legal team of Mississippi car accident lawyers are dedicated to helping our clients obtain compensation for medical expenses, pain and suffering, and lost wages.