Answering The Tough Questions: Should I Buy a Yacht?

By on 6-16-2014 in Automobile Accidents, Insurance Issues

When deciding to buy a yacht, there are a lot of things that need to be considered first. Yachts are an expensive investment, and buying a yacht would definitely cost a great amount of money. For first time yacht- buyers, it is vital to understand certain thing regarding yacht maintenance and other expenses to ensure that what you will be buying will not become an unexpected drain to your monetary resources.

One of the main things you should think about when buying your first-ever yacht is the initial cost you will have to dish out. Make sure that what you are buying will be well within your financial means and capabilities. Many yachts can depreciate in value over the years and this would greatly affect your finances should you choose to liquidate. This is especially important when buying a second-hand yacht, and rather than being an investment, this equity may just turn out simply as a liability.

Another factor to look into is the safety and functionality of the yacht, rather than simply seeking the beauty that the yacht offers. Many ship-builders have started giving in to marketing trends of customized boats and yachts that many of them have simply become unsafe and not well-built for lasting sea-travel. The environment in which yachts are supposed to be, which is the sea or ocean, can be a harsh environment where sea-salt, snow or ice, rain, sunlight, and other elements can deteriorate the yacht. Know that what is important in a yacht is its quality parts and functionality, the glamour and customization can come next.

What many aspiring-yacht owners and even long-time boat owners neglect to think about when purchasing a yacht is the hidden expenses it comes with. Aside from the cost of ownership, maintaining a yacht can be very expensive. It would require repainting every 5-7 years, refitting of the engine parts and other parts is a necessity, updating of interior designs is also important, docking fees should be paid, and even the simple hiring a captain to handle the boat also costs a lot. It is a very costly thing to keep, and could become a financial burden if you are not prepared for it.

Even the rich yacht-owners can be held back by the responsibility of having a yacht. It is important to understand the expense and work that comes with owning a yacht before actually purchasing one.

What to Do after a Car Accident

By on 6-16-2014 in Automobile Accidents, Insurance Issues

Being involved in a car accident would bring about a lot of expenses – from medical bills, to missed work, to future treatments, and many others. When you are a victim of someone else’s negligent driving habits then you have the right to file for a personal injury claim against the other driver. When finding for a personal injury lawyer to help you represent your case, you would need to find someone who knows the state laws regarding these types of cases. Because there are certain differences in laws between states, if you are in Oklahoma it would be better to find an Oklahoma auto accident lawyer to ensure that the person you hire will have a strong understanding regarding the laws and defenses related to your personal injury claim.

Because of financial restrictions, many auto accident victims put off filing a case until after they have the money to pay for their lawyers. This is, however, a bad decision, as delaying a personal injury claim can make it difficult to win the case because there is a statute of limitations as well as evidence that can be misplaced or easily questioned. For personal injury claims, it is imperative to immediately seek treatment and file a claim in order to have it gain stronger chances of getting approved. The issue regarding lawyers’ fees can easily be dealt with because most personal injury lawyers work on a “contingency fee”.

Contingency fee works by allowing the lawyer to work for you until you win the case. When you are awarded the compensation, they will be paid in accordance to a pre-agreed percentage of the award. The contingency fee can depend on the state you are in, but generally they range between 25 percent and 40 percent. A shift in your lawyer’s contingency fee can depend on the stage of your case and the amount of money that will be awarded for your case.

Additionally, there are certain fees and expenses that either you or your lawyer is responsible for, such as court fees and other litigation expenses. They can include the witness fees, expenses for retrieval of police and medical records, court reporter fees, and many others. It is highly advised to clear these up with your car accident lawyer, many misunderstandings and issues can come up when you and your lawyer did not have an agreement. If you are having a problem regarding your lawyer’s contingency fee or if you have something that you don’t understand, talk about it with your lawyer so that they can clearly explain it to you.

Car Accidents and Injury Claims

By on 6-16-2014 in Automobile Accidents, Insurance Issues

Car accidents are among the leading causes of death in the United States. Despite the many warnings, high penalties, and advocacies regarding safe driving, National Highway Traffic Safety Administration (NHTSA) reports that last 2013 an estimated 32,850 people have been fatal victims of car accidents. Despite the requirement for car insurance, many victims still suffer from financial distress after a serious accident. There are many reasons why a personal injury claim is denied by an insurance company. Here are among the most common reasons.

First, despite the severity of the injuries or the accident, a personal injury claim can be denied by an insurance company because they believe that the accident could have easily been avoided. This means that you may have done something that may have caused or led to the accident. Negligent action on your part can render the insurance policy coverage ineffective, and would therefore forfeit you to any compensation or insurance benefits. According to the website of Habush Habush & Rottier S.C. ®, instances such as these would often require the help of a personal injury lawyer to clear up issues, especially if you believe you did not do anything wrong and that the insurance company simply refuses to approve your claim.

Another reason for a denied personal injury claim is the possibility that no report or complaint was ever made or given immediately after the accident and injuries occurred. According to the website of Jeff Sampson, it is necessary to file a report and seek treatment immediately after the accident in order to have it properly documented and to have medical records that would serve as evidence of the accident and the expenses that were charged to recover from it. Delaying treatment or report of the accident may weaken your personal injury claim, as it would appear that the injuries are simply made up or just exaggerated in order to acquire benefits or compensation. Getting to the hospital as soon as possible so your injuries can be swiftly assessed is of the utmost importance.

On the topic of documentation, there are also times where a personal injury claim is denied because the medical records provided did not indicate the injuries or pain suffered by you. This is why it is important again to immediately seek treatment in order to have proper documentation. Along these lines, having an already-existing physical condition can also make a personal injury claim be denied. The other party may argue that the pre-existing health condition may have been the reason for the injury, rather than the accident, which is why you should find a knowledgeable lawyer to help you prove otherwise.

Being denied on personal injury claim can be crippling not only to your health, but also to your financial state as well. When you truly believe that you are innocent and deserve to receive compensation for the accident, consider hiring a personal injury lawyer who understands the laws related to these type of torts and know how to represent your case and protect your rights on court.

Staying Safe as a Trucker

By on 6-16-2014 in Automobile Accidents, Insurance Issues

Being a commercial truck driver is a mentally and physically challenging job. Although accidents and collisions are not as frequent as those of regular or smaller vehicles, when they do occur they cause devastating injuries or damages and even death. This is the main reason why there are comprehensive training programs for truck drivers. Aside from training, examinations such as mental and physical ability test are done to ensure that the driver is capable of driving the vehicle safely. Sometimes, trucking companies enlist a freight factoring service to help them receive their payments on time, which is an huge issue in the industry.

One of the top priorities that a trucker should take care of before going out to deliver is (along with the maintenance crew in the trucking company) to do a thorough inspection of the vehicle and cargo. Vehicle inspection should be done before, en route, and after the trip to ensure that everything is safe and in proper working order. A busted tire or broken brakes can lead to road accidents that can easily be prevented by proper maintenance and inspection.

Communication is also a vital part in truckers. They should be able to communicate clearly and effectively to other motorists on the road, as well as to their head office (should the occasion calls for it). Because distraction is among the leading causes of road accidents, it is required to have hands-free devices inside the truck driver’s cab to ensure that their hands are on the wheel and their eyes on the road. Staying alert is vital as a mere second of distraction and indecision can spell disaster.

In an event of an accident wherein the truck driver is not at fault, the medical bills and other expenses will be covered by workers’ compensation. This is an insurance policy that every worker is required to have. In order to have this benefit, you have to make a workers’ compensation claim. Although there are differences among states on the provisions and laws regarding worker’s compensation, the provision are often given in a weekly payment instead of wages, payment for economic loss, compensation for medical bills, and other applicable matters.

The Role of Insurance

By on 6-16-2014 in Automobile Accidents, Insurance Issues

Car insurance is a must, particularly in certain state that view it less than a liability and more of a requirement. Although many view car insurance as more of a pain than a benefit because of high premiums, car insurance can potentially save your life and financial state as well. Here are some reasons why having good car insurance coverage can protect you and your family.

In an event of an accident, having car insurance can protect you from personal burden and financial debt. Besides being a legal requirement, a car accident that is caused by your own negligence or fault could make you liable for medical bills and property damage done to the victims. On the other hand, when you are the one who is the victim and the other driver does not have insurance, you will have something to fall back on without having to be worrying on medical debts. Aside from medical and property payments, certain car insurance coverage can also pay for the repair or replacement of your vehicle.  In these events car insurance are proven to be vital.

Car accidents are a very common occurrence in the United States, and every year more or less 6 million of these accidents happen on American roads. Car insurance is part of life in the United States, and when disaster occurs, all the driver has to do to acquire insurance help is to file a claim from their insurance company. Insurance companies are generally subject to a contract to act in good faith – arising from the contract made between the insurance company and the client (driver) – and is further supported and strengthened by laws specifically related to the insurance policy contract. There are instances, however, where insurance companies fail to uphold their duty, and often this result to insurance bad faith.

Once this occurs, it is important to seek help from a professional car accident lawyer who knows the laws applicable in your state, and other cases in order to know how to have a successful claim against the insurance company who done the insurance bad faith. If you are around the Texas area, finding a Dallas insurance bad faith lawyer would be the most beneficial way to make sure you get what compensation you really deserve. It is difficult to move forward after a serious car accident if your insurance company refuses to provide your coverage.