“Right-Hand Squeeze” - Is Your Insurance Company Doing Enough to Protect You?
Posted on Jun 26, 2008 by CerberusSubro in Business, Trucking No comments yet
Hello again. This is Clark Schoeder with Cerberus Subrogation Professionals, LLC with another article about trucking insurance issues. Over the last few weeks, we discussed a few topics that should help you and your company recover the damages that result from an auto accident. We discussed what a driver should do when they are in an accident to protect their recovery opportunities , we discussed what an insurance company owes you when you are in an accident, and we discussed what is subrogation and how it affects your money. This week we are going to start a series of articles discussing common trucking accidents that your insurance company or claims department needs to deny. Let’s get to it.
This week’s article is about “Right-hand Squeeze” Accidents. While I am sure that you all know what a “right hand squeeze” accident is, let’s go over it just to make sure that we are all talking about the same thing. A “right-hand squeeze” accident is an accident that occurs while an 18 wheeler is making a necessary wide right turn and another vehicle attempts to pass the 18 wheeler on the right side in between the trailer and the curb. The other vehicle fails to consider the off-track of the trailer and is consequentially “squeezed” between the trailer and the curb. As the 18 wheeler proceeds through his turn, the trailer drags alongside the other vehicle and causes considerable damage.
Popularity: 15% [?]
What is “Subrogation” and how does it affect your money?
Posted on Jun 05, 2008 by CerberusSubro in Business, Trucking 2 comments so far
Hello again. This is Clark Schoeder with Cerberus Subrogation Professionals, LLC with another article about trucking insurance issues. Over the last few weeks, we discussed a few topics that should help you and your company recover the damages that result from an auto accident. We discussed what a driver should do when they are in an accident to protect their recovery opportunities and we discussed what an insurance company owes you when you are in an accident. This week we are going to discuss the term “subrogation” and why you and your company should care about it. Let’s get to it.
Let’s start with the definition of “subrogation.” “Subrogation” is a legal concept under common law where one party transfers their rights of recovery to another party granting them the right to recover damages from a different third party tort-feasor. Not much help? I understand. Think of it like this. When you are in an accident and your insurance company pays for your damages, your insurance company gains your rights to pursue repayment from the party that caused the accident. Just like you would have the right to sue the at-fault party, your insurance company gains the same rights under the law that you have to pursue repayment.
Popularity: 38% [?]
What Does an Insurance Company Owe You When You Are In an Accident?
Posted on May 21, 2008 by CerberusSubro in Business, Trucking No comments yet
This is Clark Schoeder from Cerberus Subrogation Professionals, LLC ( www.cerberussubro.com ). We are a company that helps commercial trucking companies, owner/operators, and commercial auto insurance companies recover money that is owed to them by other insurance companies. We are writing a series of articles about trucking insurance issues. Last week, we discussed what you can do to protect yourself and your company when you are involved in an accident. What to Do When You Are In an Accident
This week, we are going to discuss “What does the insurance company owe you when you are in an accident?” The answer to that question depends on whether you are filing a 1st party or a 3rd party insurance claim. Let me explain the differences.
1st Party Claims
A 1st party insurance claim is a claim that you file with YOUR insurance company under your “collision” or “comprehensive” coverage. These coverages are a contract between you and your insurance company that states that the insurance company will pay to fix your vehicle regardless of which party caused the accident. Under this contract, the insurance company does not owe all of the damages that you suffered; they only owe certain damages that are stated in the policy.
Popularity: 36% [?]
What to do When You are In an Accident?
Posted on May 08, 2008 by CerberusSubro in Business 6 comments so far
Before I start the article I would like to quickly introduce myself since this is the first article I am posting to this site. My name is Clark Schoeder and I am the President/CEO of Cerberus Subrogation Professionals, LLC. We are a company that helps commercial trucking companies, owner/operators, and commercial auto insurance companies recover money that is owed to them by other insurance companies. I am going to be writing articles on trucking insurance, the issues truckers face in the insurance industry, and how you can protect your recovery interests. I hope you find these articles helpful and come back to check out future posts. Let’s get to the article.
I suppose we will start at the beginning. What should a driver do when they are involved in an accident to protect themselves and their company?
1.) Do not admit fault to anyone other than your safety department or your insurance company. This includes saying something as simple as “I’m sorry”. I have seen cases lost because the other party has a witness saying that the truck driver admitted fault at the scene even though they were not at-fault for the accident. I cannot stress this enough. Let the insurance company determine which party is at-fault.
2.) Do not talk to the other driver about the accident. You should only ask them if they are hurt and if they need medical assistance. If they say “yes” to either of those questions call 911 and request medical assistance. Beyond that, exchange your insurance information and say nothing else.
Popularity: 29% [?]
