Insurance Claim in a Bike Accident
Not all insurance policies cover bike crashes, but in the event that the motorists’ insurers come in to play, there are two types of claims:
- first party, relying on your own insurance company for coverage
- third party, relying on the other person’s insurance company for coverage
It can be tempting to rely on the at-fault party’s insurance to cover everything, especially in the whirlwind that occurs right after the accident. Medical bills are racking up, everyone is rattled, and people want to go back to the way things were before. Unfortunately, insurance usually fails to provide adequate compensation. While Nevada state law makes it mandatory for all drivers to have insurance, about 10% of drivers in Nevada don’t have coverage at all. There are an even greater number of drivers who have the bare minimum amount of insurance, which often does not cover traffic accidents involving bicycles.
At the end of the day, an insurance company is looking to maximize their profits. First, they can try to dodge the claim altogether. If that fails, they can attempt to award the lowest possible amount to the injured party, which they can accomplish by low-balling the medical costs, property damage, and overall liability of their insured party. Long-term medical costs are at the greatest risk: for example, if the cyclist who was injured sustained a spinal cord injury, insurance may only cover immediate surgeries and hospital visits, while failing to cover the costs of long-term care and rehabilitation as well as lost time and income from work.
This is where working with an experienced injury law firm like ours can help. At Gazda & Tadayon, we are former insurance defense lawyers who know the tactics that these companies use to reduce a claim. Instead, our goal is to maximize your compensation, and ensure that your rights and interests are protected. Instead of having to wrangle with insurance agent calls and the extensive paperwork and uncertainty while filing a claim on your own, let us do all the work for you. Schedule a FREE legal consultation with us today.
Because Nevada state law has a statute of limitations, you have a certain timeframe within which you can file a claim and secure compensation. Please contact us as soon as possible.