Why are we using my insurance company if the accident was not my fault?

Under Pennsylvania Law, certain parts of the damages are covered under what is called "first-party" or "no-fault" coverage. For example, even if the other person is at fault, the medical bills are paid by your insurance company- that is part of what you paid your premiums for all this time. But, your auto insurer will only pay the medical bills up to the limit of your coverage. You should check your coverages or call your agent to find out. After that, your health insurance would pay but may likely be entitled to "subrogation" (see previous blog posts for explanation of subrogation).

Depending on the coverages you purchased, you may also be entitled to property damage coverage, wage loss coverage and other possible benefits.

If you would like more information, please contact us.

David E. Schreiber
Mayerson Schreiber McDevitt, P.C.
610-948-4800
www.mayerson.com

serving: Pottstown, Spring City, Phoenixville, Royersford, Limerick, Douglassville, Boyertown, Birdsboro, Gilbertsville, Chester County, Montgomery County, Berks County.

What is the difference between a limited tort and a full tort?
Under Pennsylvania law, you have the option of choosing a type of insurance that limits you and your family’s right to seek financial compensation for medical expenses and other damages caused by another negligent driver. This is called a limited tort. Under a limited tort, you and your family members can seek compensation for medical bills and out-of-pocket expenses only. In other words, by purchasing a limited tort, you are giving up your right to pursue compensation for pain and suffering.
A full tort, on the other hand, allows you to seek financial compensation for any pain and suffering you sustain in an accident if the other driver is at fault, regardless of whether you have a serious injury.

If you would like more information, please contact us.

David E. Schreiber
Mayerson Schreiber McDevitt, P.C.
610-948-4800
www.mayerson.com

Diminished Value

Diminished Value is the loss in value of your vehicle after it has been in an accident. If someone else is at fault, even if the insurance company pays for the car to be repaired, there is a "diminished value" loss. Specifically, the diminished value can either be due to inadequate/substandard repair work and/or the fact if there was structural damage to the vehicle, it now is worth less than market value.

If you would like more information, feel free to contact us.

David E. Schreiber
Mayerson Schreiber McDevitt, P.C.
(610) 948-4800; (800) 524-7300