Insurance Agency Entrepreneurs or Business Managers Have An Untapped Source To Boost Income
Insurance Agency Entrepreneurs or Business Managers Have An Untapped Source To Boost Income
Insurance entrepreneurs and agency business managers who include automobile policies in their product line can maximize their income by aggressively selling first party No Fault policies in No Fault states like Michigan.
As an insurance entrepreneur or manager you know that anyone injured in a car accident in a No Fault state likely are entitled to monetary payment for pain and suffering caused by the car accident if:
• you were a passenger or if the other driver was more than 50 percent at fault
• you did not intentionally cause the accident
• you are insured
• a physician states the accident was more likely than not the cause of your injuries.
The likelihood of a judgment in your favor depends upon how significantly the auto accident affects your life. In reaching a verdict about an automobile accident in Michigan, judges and juries will consider:
• What activities you can no longer perform
• How long you were off work
• Whether you have visible scarring from the car accident
• Whether the auto accident resulted in permanent, disabling injuries.
Because of the way Michigan No Fault Law works, insurance agencies must pay auto accident victims benefits such as payment of medical expenses, lost wages and attendant care, unless they were driving a car they own without insurance.
Other possible benefits insurance entrepeuners will pay include reimbursement for travel to medical care, and household services such as cleaning, yard work, etc. If you rear-ended, or the accident is not your fault, you still must file a claim with your insurance company.
Under Michigan No-Fault Law, auto accident victims may seek recovery of damages incurred by filing a first party claim, a third party claim, or a mini tot claim.
When the motorists buys a “first party” policy, most insurance carriers provide coordinated coverage. So if you have insurance from another source, such as health insurance that includes medical costs from a car accident, than the claim is paid first by the health insurance policy or other policy involved.
Any remaining expenses not covered by the health insurance carrier or other insurance policy are then paid for by the No Fault vehicle insurance policy. Consumers will want to ask their insurance agent about a first party No Fault policy that is not coordinated with your other insurances. It may cost more but should be of greater benefit to you.
When serious injuries are involved it can be very challenging to learn if you are indeed eligible for long-term benefits. Your insurance agent may not tell you all you should know about your benefits so have your interests fully represented by consulting with an attorney
Insurance Agency Entrepreneurs or Business Managers Have An Untapped Source To Boost Income - To learn more about this author, visit Terry Cochran's Website.
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By Terry Cochran
Insurance entrepreneurs and agency business managers who include automobile policies in their product line can maximize their income by aggressively selling first party No Fault policies in No Fault states like Michigan.
As an insurance entrepreneur or manager you know that anyone injured in a car accident in a No Fault state likely are entitled to monetary payment for pain and suffering caused by the car accident if:
• you were a passenger or if the other driver was more than 50 percent at fault
• you did not intentionally cause the accident
• you are insured
• a physician states the accident was more likely than not the cause of your injuries.
The likelihood of a judgment in your favor depends upon how significantly the auto accident affects your life. In reaching a verdict about an automobile accident in Michigan, judges and juries will consider:
• What activities you can no longer perform
• How long you were off work
• Whether you have visible scarring from the car accident
• Whether the auto accident resulted in permanent, disabling injuries.
Because of the way Michigan No Fault Law works, insurance agencies must pay auto accident victims benefits such as payment of medical expenses, lost wages and attendant care, unless they were driving a car they own without insurance.
Other possible benefits insurance entrepeuners will pay include reimbursement for travel to medical care, and household services such as cleaning, yard work, etc. If you rear-ended, or the accident is not your fault, you still must file a claim with your insurance company.
Under Michigan No-Fault Law, auto accident victims may seek recovery of damages incurred by filing a first party claim, a third party claim, or a mini tot claim.
When the motorists buys a “first party” policy, most insurance carriers provide coordinated coverage. So if you have insurance from another source, such as health insurance that includes medical costs from a car accident, than the claim is paid first by the health insurance policy or other policy involved.
Any remaining expenses not covered by the health insurance carrier or other insurance policy are then paid for by the No Fault vehicle insurance policy. Consumers will want to ask their insurance agent about a first party No Fault policy that is not coordinated with your other insurances. It may cost more but should be of greater benefit to you.
When serious injuries are involved it can be very challenging to learn if you are indeed eligible for long-term benefits. Your insurance agent may not tell you all you should know about your benefits so have your interests fully represented by consulting with an attorney
Insurance Agency Entrepreneurs or Business Managers Have An Untapped Source To Boost Income - To learn more about this author, visit Terry Cochran's Website.
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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