When was the last time you stopped and looked around your house, both inside and out, at all the little repair jobs that need to be done? Some are cosmetic of course, but some are actually just an accident waiting to happen. It could be you that trips over that uneven concrete on your walkway, or it may be the mailman. You could in fact be running the risk of having a premises liability suit filed against you.
Insurance companies are out to make money. They are businesses, after all. And they make less money the more claims they pay out on. It is not surprising, therefore, that insurance companies seek to lower their costs by denying claims when they can and negotiating for lower-end settlements when they do pay.
As a result of an $8 Million Dollar verdict, Yellow Cab in San Francisco is considering filing Chapter 11 Bankruptcy. This move comes 6 months after the verdict found them responsible for the brain Injury and partial paralysis suffered by a passenger in a Yellow Cab vehicle.
We wrote recently about the devastating impact of not having sufficient automobile insurance and how critical that becomes when you're involved in an accident with an uninsured or underinsured motorist. These days it comes down to the idea of buying sufficient insurance to cover yourself in the event the person hitting you doesn't carry enough or any insurance. By doing this you accept that if you are in an accident the other driver will be uninsured. In California the Insurance Resource Council estimates there are more than 4 million drivers without insurance. Better covered than sorry!
I hate delivering news that falls into the category of really bad news. Last week was not good!