Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

12. Filing a claim Filing an Insurance Claim Jake was recently in a serious automobile accident caused by another driver failing to stop at a

image text in transcribed

12. Filing a claim Filing an Insurance Claim Jake was recently in a serious automobile accident caused by another driver failing to stop at a red light. Although in the immediate aftermath of the accident he felt relatively unharmed, he later discovered that the accident caused internal bleeding requiring extensive medical care. The other driver took complete responsibility for the accident, and the two drivers were able to exchange contact and insurance information before Jake was taken to the hospital. Jake's passenger, who was not injured, called Jake's insurance agent and filed a police report while still at the scene of the accident. A few months later, after being reimbursed for the damage to his car and an initial medical bill, Jake signed a release accepting complete reimbursement from his and the other driver's insurance companies. Which of the following statements regarding Jake's situation are correct? Check all that apply. Jake should not have signed the release until he was certain that no additional medical treatment would be required as a result of his injuries. Given that the other driver assumed full responsibility for the accident, there was no need to file a police report. After filing the initial insurance claim, there is not much Jake can do to ensure he collects fully on his loss. 12. Filing a claim Filing an Insurance Claim Jake was recently in a serious automobile accident caused by another driver failing to stop at a red light. Although in the immediate aftermath of the accident he felt relatively unharmed, he later discovered that the accident caused internal bleeding requiring extensive medical care. The other driver took complete responsibility for the accident, and the two drivers were able to exchange contact and insurance information before Jake was taken to the hospital. Jake's passenger, who was not injured, called Jake's insurance agent and filed a police report while still at the scene of the accident. A few months later, after being reimbursed for the damage to his car and an initial medical bill, Jake signed a release accepting complete reimbursement from his and the other driver's insurance companies. Which of the following statements regarding Jake's situation are correct? Check all that apply. Jake should not have signed the release until he was certain that no additional medical treatment would be required as a result of his injuries. Given that the other driver assumed full responsibility for the accident, there was no need to file a police report. After filing the initial insurance claim, there is not much Jake can do to ensure he collects fully on his loss

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Health Care Budgeting And Financial Management

Authors: William J. Ward Jr.

2nd Edition

1440833052, 9781440833052

More Books

Students also viewed these Finance questions