Understanding Tort In A Car Insurance Claim
Understanding tort, in reference to a car insurance claim, is important because the word tort is commonly mentioned, and it will probably be seen when you are looking through different insurance policies when shopping online. These policies are commonly offered with a variety of different car insurance terms. In the insurance industry, a term is the length of time for which a policy is in effect.
An auto insurance policy holder may be required to become familiar with a car insurance tort when a claim is filed by your insurance company after an accident. A tort is when harm has been done that will result in a legal liability, either intentionally or accidentally. Car insurance is a method used to protection the insured against an unwanted car insurance tort. A tortfeasor is a term for the person who commits a tort.
The two most common types of torts that are mentioned in the context of car insurance are limited tort and full tort. With a limited tort option, your financial compensation will be limited, as opposed to a full tort option where your compensation will be much greater. These are terms used to describe torts in the states which follow tort law. Not all states use tort law for car insurance, and others elect to use a no-fault law system, which requires residents to have no-fault insurance. Limited tort commonly results in a lower insurance premium that having full tort for the term of your policy.
A tort claim is commonly known as a third party claim, which is a claim filed by a third party when there has been injury or damage to his or her vehicle or property. A claimant is a term used to describe the person who is filing a claim. A tort claim must then be filled out with detailed information about the incident that occurred. A tort claim report is required to be filled out accurately, or else, it is sent back. A tort claim may include written repair estimates and reports on any damages sustained. The claim may include photos and the amount that is desired as a result of these damages. Once a completed tort claim is submitted correctly, the office will respond in writing within 90 days.
A claims representative who is working for an insurance company should most likely be familiar with the procedures and paperwork involved with filing a tort claim. Having knowledge of what to expect in a situation where a tort claim is required to be filed is very helpful. Be sure to provide your insurance company with as many details as possible after an accident.
