Wednesday, September 19, 2012

MARYLAND CAR ACCIDENT LAWYER The role of the insurance company – What does that little umbrella



Traveler’s is the 9th auto insurance company in this country. Maryland car accident lawyers have seen that, when trying to sell insurance and collect premiums, Traveler’s clearly acknowledges that automobile accident claims can readily be substantial. Their webpage notes “[w]hether it's a serious auto accident involving pricey medical bills or an incident on your property, you can quickly find yourself responsible for damages that exceed the limits on your auto policies. And an expensive judgment is the last thing you want to worry about.” While the statistics are not available, any Maryland car accident lawyer I know would be very interested to see the number of times a Traveler’s adjuster took the position that a plaintiff’s damages “quickly” exceeded the policy limits. In any event had an off year last year,  with only $618, million in profits, down from $895 million the year before.

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