Category Archives: Insurance

Are you paying too much for hospital care? | Indianapolis Car Accident Lawyers

Are You Paying Too Much for Hospital Care? | Indianapolis Personal Injury, Car Accident Lawyers and Personal Injury Attorneys

This article defines the Hospital Charge Master—the mysterious menu of hospital prices for products and services. A link has been provided that allows you to compare prices for every participating Indiana hospital.

The Charge Master

Every hospital is responsible for setting their retail prices for the products and services they offer. Medical goods and services are priced and coded in an internal hospital database called a Charge Master. Since hospitals do not function as free-market competitors, hospital Charge Masters are veiled in secrecy in all but 13 states* where state law requires disclosure of Charge Master prices upon patient request. Although Indiana hospitals are not required to make their Charge Master public, the Indiana Hospital Association publishes an enlightening website that discloses certain hospital data provided to Centers for Medicare & Medicaid Services (CMS) and the Indiana State Department of Health including measures of care provided in each hospital, patient satisfaction, readmissions, infections, deaths, birthing outcomes and some basic hospital procedure charges. The Indiana Hospital Association’s website is a respectable first step toward public disclosure. But in light of a staggering disparity in hospital Charge Master rates and the perception that the deepest discounts are granted to the largest third-party payers, forces are pushing for greater transparency.

The Hospital Lien Statute  | Ward & Ward Law Firm, Car Accident Lawyers

For example, Indiana’s Hospital Lien Act provides hospitals may file a Is your hospital costing too much? The Charge Masterlien for hospital charges against an action or claim brought by a patient against the parties responsible for their injuries. In Parkview Hospital v. Thomas E. Frost, Frost’s car accident lawyers alleged Parkview Hospital’s charges were unreasonable and requested Parkview Hospital provide information about discounts given to other patients with private health insurance and government healthcare reimbursement programs.

A recent opinion from the Indiana Court of Appeals stated:

“… evidence of discounts provided to patients who either have private health insurance or are covered by government healthcare reimbursement programs is relevant to the determination of reasonable charges under the [Indiana Hospital Lien] Act…”

Hospital costs and reimbursements

The Charge Master balances hospital costs, including inventory, staff, facility, insurance and permits with the less predictable estimate of account receivables from patients and third-party payers who reimburse hospital providers at diverse rates.

A hospital’s Charge Master for a procedure or product may be as little as 150% or as much as 1000% over Medicare, which reimburses only a small fraction of the Charge Master rate. Private and group health insurance providers contract separately with hospitals to discount the Charge Master rate by negotiating a Fee Schedule, a percentage of charges or by agreement of ‘usual, customary & reasonable fees’. Insurers generally reimburse at an amount greater than Medicare but substantially less than Charge Master. In an article written by Steven I. Weissman for the Florida Bar Journal, it is estimated that average Charge Master pricing at Florida’s hospitals would be 300% – 400% over the amount negotiated with major health insurance providers. Although Indiana hospital procedure rates may vary somewhat from Florida, the national trend toward deep discounts for government and contracting insurers remains the same.

Compensating for the reimbursement deficit

Automobile Insurers frequently pay hospital expenses resulting from an accident up to the policy limits of their clients’ Medical Payment automobile insurance coverage. Because Medical Payment insurance is considered primary to health insurance, hospitals bill auto insurance carriers the full Charge Master rate before balance-billing the patient’s health insurance—offsetting the deficit incurred from discounted health insurance and fractional Medicare reimbursements. *Note: Car accident lawyers would prefer patient’s health insurance pay the rate contracted between health insurance provider and the hospital.

Workman’s Compensation Insurance, out-of-network patients and uninsured patients are also billed Charge Master although out-of-network patients often pay a percentage of the Charge Master. Uninsured patients may qualify for free or reduced fee medical care.

Is there a better way?

In the last decade, we have seen some striking changes to the medical industry. But it can’t be overlooked that third-party payers have successfully exerted their influence to sustain the status quo. In a healthcare system that categorizes patientsfavoring some, penalizing othersit’s of no surprise that the current structure of “reasonable charges” and “acceptable reimbursements” imposed on patient classes, is coming under scrutiny by a citizenry increasingly burdened by the high cost of health care, public servants, members of the legal community and medical professionals that would like to see a transparent and equitable hospital marketplace—one that implements predictability, consistency and fairness in hospital billing and discounts applied—all while maintaining quality hospital services indispensable to our communities and the well-being of our families.

Experienced car accident lawyers and personal injury attorneys

Our experienced personal injury attorneys and wrongful death lawyers use their knowledge of the law, legislation and judicial opinions to employ strategies that maximize our clients’ financial recovery after they have experienced a life-altering accident or event caused by another person or entity. If you or someone you know has been involved in an accident, injured by the negligence of a medical professional, or the victim of nursing home neglect or wrongful death, call car accident lawyers, Ward & Ward Law Firm, today at (888) 639-9501 for a free consultation.

Charlie Ward

Ward & Ward Law Firm | Car Accident Lawyers
728 S Meridian St
Indianapolis, IN 46225
317-639-9501 or 888-639-9501

Website recommendation: My Care Insight.


*Figure obtained as of this writing, June, 2016

Dead Red Law Offers Alternative for Motorcycle and Bicycle Enthusiasts|Personal Injury Attorneys

Dead Red Indiana Law Give Motorcyclists and Bicyclists Alternative to Breaking the Law

In March of 2014, Indiana became the 15th state to add the “Dead Red” law to their books. Indiana Representative, Mike Karickhoff of Kokomo, wrote House Bill No. 1080 that provides:

“…the operator [of a motorcycle, motorized bicycle, motor scooter, or bicycle] may proceed through the intersection on a steady red signal only if the operator:

    (i) comes to a complete stop at the intersection for at least one hundred twenty (120) seconds; and
    (ii) exercises due caution as provided by law, otherwise treats the traffic control signal as a stop sign, and determines that it is safe to proceed.”

The Indiana General Assembly passed the law 84-10.

Few Options for Cyclists Prior to Dead Red Law

Prior to the “dead red” law, when lightweight motorized and non-motorized vehicles failed to trigger a left-turn signal, the operator had one of three choices: 1) wait until a larger vehicle pulled behind them, tripping the scale; 2) make a right-hand turn and return to proceed through the intersection; or 3) ignore the traffic signal altogether and turn left on a red.

An Educated Public May Reduce Motorcycle Accidents in Indiana

ABATE of Indiana (The American Bikers Aimed Toward Education) strives to educate responsible cyclists on motorcycle safety. And because accidents involving motorcycles are often caused by other drivers who admittedly fail to see the cyclist, ABATE seeks to educate all drivers about motorcycle awareness. May is Motorcycle Safety and Awareness Month. On May 5, ABATE of Indiana, along with many other civic organizations, will kick off Motorcycle Awareness Month by hosting an event on the Circle to bring attention to motorcycle awareness.

Personal Injury, Motorcycle and Bicycle Accident Attorneys with Experience

The defenses used by defendant insurance companies to minimize their financial loss and the potential jury bias that occurs when litigating a motorcycle or bicycle injury claim is good reason to seek the assistance of an attorney experienced in motorcycle and bicycle injury cases. If you, or someone you know has been injured or killed in an accident involving a motorcycle, moped or bicycle, call Charlie Ward, an attorney with experience in pursuing claims on behalf of cyclists, at 317-639-9501 today for a free analysis of your claim.

[email protected]

Ward & Ward Law Firm
728 S Meridian St
Indianapolis, IN 46225
317-639-9501

Why personal injury lawyers may refuse your case – Uncollectability | Indianapolis Car Accident Lawyers

Why Personal Injury Lawyers May Refuse Your Case – Uncollectability | Car Accident Lawyers, Auto Accident Attorneys, Ward & Ward Law Firm

Collectability is the ability to put money into the hands of an injured party and creditors who have extended treatment on their behalf resulting from an accident. It is an essential component of any personal injury claim. The following are examples of uncollectable claims frequently turned down by personal injury lawyers:

  • Neither party has automobile insurance and the driver responsible for the injuries has no real or personal assets
  • Liability cannot be ascertained through evidence or credible eyewitness testimony
  • Damages are negligible and/or frivolous
  • Injured party(ies) did not receive treatment immediately following the accident and did not follow up with a physician in a timely manner

It falls on you to protect your injured self from another person’s negligence | Indianapolis Car Accident Lawyers

The recession and suspended licenses have thrust an increase in uninsured drivers in Indiana. Of the approximately 4 million driver’s licenses issued in the state of Indiana, approximately 12% are suspended. According to the most recent estimate obtained by the Insurance Information Institute, approximately 1 in every 7 drivers or 14.2% take to the roads without any automobile insurance.

Uninsured/Underinsured Bodily Injury and Liability* coverage is included as a part of your policy unless you express in writing a desire to omit this coverage. UIM protects you, your family’s assets and financial exposure from reckless uninsured and underinsured drivers that may cause harm to you and others riding in your vehicle. Your uninsured coverage may also protect you from defendants fleeing a judgment through the protection of bankruptcy.

Experienced Indiana Car Accident Lawyers and Wrongful Death Attorneys

The personal injury and car accident lawyers of Ward & Ward Law Firm recommend increasing your insurance policy to reduce and protect your personal exposure in an accident you may or may not cause. A robust bodily injury and liability policy may cost only pennies a day more than the minimum policy required to drive in Indiana. Before you call an agent, learn more about automobile insurance coverage in Indiana at our attorney blog.

The auto accident attorneys at Ward & Ward Law Firm have more than 85 combined years of experience practicing  personal injury, wrongful death and medical malpractice law.  If you or someone you know has been involved in an accident, call personal injury lawyer, Charlie Ward, today at 317-639-9501 or toll free at 888-639-9501 for a free consultation.

Charlie Ward
Personal Injury Attorney

Ward & Ward Law Firm, Car Accident Lawyers
728 S Meridian St
Indianapolis, IN 46225
317-639-9501

Accident Victims Benefit from The Affordable Health Care Act

Accident Victims Benefit from The Affordable Health Care Act

How do I pay my medical bills?Prior to 2010, a young adult without healthcare insurance who was injured by another driver would risk, at the very least, a lowered credit score and face possible bankruptcy if they and the defendant driver (the person responsible for the accident) were operating their motor vehicles with insufficient or no automobile insurance coverage. A recent study shows that young adults have benefited from the law allowing them to obtain health insurance on their parent’s healthcare policy up to the age of 26.

The Patient Protection and Affordable Health Care Act has reduced the number of uninsured persons

Since The Patient Protection and Affordable Health Care Act was enacted, approximately 16.4 million additional people have acquired health insurance coverage, according to a study published by the U.S. Department of Health and Human Services. This equates to a 35% reduction rate of uninsured. The majority of these newly insureds have been brought in through the healthcare Marketplace (a local, online healthcare shopping website), expansions in Medicare and young adults who are covered by their parent’s health insurance policies.

Prior to the passage of the Affordable Care Act (ACA), most young people were separated from their parent’s health insurance policies after graduation from high school or completion of college. In 2010, the ACA provided for coverage of young people 19-25, by enabling them to stay on their parents’ policy. From the baseline in 2010 through the start of open enrollment in 2013, the uninsured rate of young people dropped from 34.1% to 26.7%, i.e. approximately 2,300,000 young adults ages 19-25 secured coverage through their parent’s policy. Through March 4, 2015, an additional 3.4 million young adults benefited from the ACA provision thereby totaling 5,700,000. These young adults may lawfully ride their parent’s policy regardless of marital status, residence, employer plan availability, financial independence and school status until they reach the age of 26.

Best Lawyers® Ward &  Ward Law Firm -Experienced in Accidents and Wrongful Death Claims

Charlie Ward is a personal injury attorney in Indianapolis, Indiana and represents people who have been injured in auto, motorcycle and truck accidents as well as pedestrian and bicycling accidents, medical malpractice and nursing home negligence claims. If you or someone you know has been injured in an accident, the attorneys at Ward & Ward Law Firm will help you navigate the subrogation matters that arise as a result of the claim. Call Indiana personal injury attorney Charlie Ward today for a free consultation at 317-639-9501.

By Charlie Ward

Ward & Ward Law Firm
728 S Meridian St
Indianapolis, IN 46225
317-639-9501

Why personal injury lawyers may refuse your case – Failure to Mitigate Injuries | Car Accident Lawyers

Why personal injury lawyers may refuse your case – Failure to Mitigate Injuries | Indianapolis Car Accident Lawyers

why-personal-injury-lawyers-refuse-your-caseAn injured party has a duty to minimize the harm caused by a negligent party. This concept, common to contract and tort law, is firmly entrenched in American jurisprudence.

An insurance policy is a contract between two parties, the insurer and the insured. Insurers expect an injured victim to seek medical treatment and obtain a diagnosis immediately following an accident or an injury caused by the negligence of another person or entity. Insurance companies view the failure to seek immediate medical attention as a failure to mitigate the damages. Why?

  1. An injured plaintiff has a duty and responsibility to receive a diagnosis and treat their injuries, thereby mitigating their injuries and other potential damages; and
  2. Absent a timely medical diagnosis, an insurance adjuster and claims panel cannot know what actions or activities the claimant has performed since the accident that may have acerbated the original injury.

In my law practice, I have learned injured victims often fail to follow-up with a physician soon after a collision. Some fear a doctor will order tests they are not prepared to pay, taking off from work may pose a problem and others do not want a disruption in their lives. They may self-diagnose, thinking the pain and discomfort will get better over time.

Men, in particular, may be reluctant to seek treatment or the advice of their physicians. The American Academy of Family Physicians found that 92% of men polled in an online survey conducted by Harris Interactive, waited a few days before seeking care. Nearly one-third wait “as long as possible” before they seek the care of a physician.

Delayed Symptoms and the Onset of Pain

Immediately following an accident, blood pressure and adrenalin levels surge. This triggers the hyperactivity of opioids in the brain, which may be responsible for the lack of tenderness and pain generally expected after an injury.

In an interview with The New York Times, Dr. Dennis Charney, a psychiatrist at Yale and director of clinical neuroscience at the National Center for Post-Traumatic Stress Disorder states:

“The opioid system of the brain, which can blunt the feeling of pain, is hyperactive…For the brain changes to occur, scientists now say, people usually have to experience the stress as catastrophic, an overwhelming threat to life or safety and one over which they [have] no control… It does not matter if it was…a one-time experience, like being trapped in a hurricane or almost dying in an auto accident…All uncontrollable stress can have the same biological impact.”

When the brain’s chemistry finally returns to the patient’s baseline, varying degrees of discomfort may be experienced. Pain is an indicator that something unusual is occurring in the body. It may be an indication of inflammation or a precursor to a heart attack―but it should never be ignored. If you or someone you know has been involved in an accident, our attorneys recommend you consult with a physician as soon as possible after the collision or injury. Many attorneys will refuse to file a claim if the injured person has delayed diagnosis and treatment.

Experienced personal injury attorneys and car accident lawyers in Indianapolis

The car accident lawyers and personal injury attorneys at Ward & Ward Law Firm have more than 85 combined years of experience practicing  personal injury, wrongful death and medical malpractice law. Call personal injury lawyer, Charlie Ward, today at 317-639-9501 or toll free at 888-639-9501 for a free consultation.

Charlie Ward
Ward & Ward Law Firm, Car Accident Lawyers
728 S Meridian St
Indianapolis, IN 46228
[email protected]
Phone: 317-639-9501

Read our reviews: http://www.wardlawfirm.com/indianapolis-personal-injury-lawyers-ward-ward-law-firm-reviews/

Learn about Indiana’s RAP Clause

Indiana Supreme Court Upholds Trial Court Discretion in No Contact Motorcycle Accident

personal-injury-attorney-web-logoNo Contact Motorcycle Accident with Extensive Personal Injuries

On September 3, 2008, Mr. Earl was thrown from his motorcycle at a speed of 65 mph when he took evasive action to protect himself from the sudden and unexpected lane change by a semi tractor-trailer driver. Although there was no contact that occurred between Mr. Earl’s motorcycle and the semi, an observant witness confirmed the accident and resulting injuries sustained by Mr. Earl were caused by the unidentified semi-truck.
Prior to the accident he enjoyed an active outdoor lifestyle: hunting, fishing and playing league basketball. He was the co-owner of a small construction business; his expertise and job responsibilities were in excavation and sewer work. And he enjoyed spending time with his wife and playing with his grandchildren.

Economic Damages

Mr. Earl was hospitalized immediately following the accident. His injuries included a fractured collarbone, fractured shoulder blade, and multiple fractures in his left ribs. He also suffered a collapsed lung, laceration of the liver, multiple abrasions, a blood clot in his left leg and a permanent structural change of his left shoulder joint.

Eventually Mr. Earl returned to light-duty office work but he was unable to perform the heavy equipment and excavation duties required of him in his business. His income suffered as a result.

Non-Economic Damages

After Mr. Earl’s medical treatment concluded, every action in his life was executed in pain―from playing with his grandchildren to driving a car. Even lying in bed was problematic. In addition, his wife reported her husband’s pain affected their marriage.

A Claim for Damages – Uninsured Motorist Insurance Coverage

At the time of the accident, Mr. and Mrs. Earl had uninsured motorist insurance coverage for $250,000 per person/$500,000 per accident. When their insurance company refused to pay the full amount of $250,000 for his damages, they brought a claim for damages based on the terms of their contract with their insurance company. While the case was pending, Mr. Earl died from an unrelated illness. When their insurance company admitted liability, the case proceeded to a jury on the question of damages only.

Despite their insurance company’s unsuccessful motion to exclude the policy limits from evidence, the trial court admitted plaintiffs’ insurance policy into evidence. The jury returned with a verdict of $175,000 for Mr. Earl’s damages and $75,000 for Mrs. Earl’s damages totaling $250,000―the exact limits of the policy.

After their insurance company successfully appealed on the grounds that the trial court abused its discretion by allowing the $250,000 limits into evidence and that the jury’s verdict was affected by their knowledge of the policy limits, the Earl’s petitioned to the Indiana Supreme Court. The appellate ruling was vacated.

In the Indiana Supreme Court Conclusion, Justice Massa writes:

“…we cannot say the trial court abused its discretion in finding that probative value was not outweighed by substantial prejudice.”

The Indiana Supreme Court took the position that there is not a bright-line rule for admitting insurance coverage but instead it is in the trial court’s discretion to determine what evidence is probative in each case.

Experienced Personal Injury LawyersCall personal injury and accident lawyer Charlie Ward today for a free consultation

If you have any questions about your automobile insurance policy or your motorcycle insurance coverage, call us today at 317-639-9501 and ask for Charlie Ward.

Charlie Ward

Ward & Ward Law Firm
728 S Meridian St
Indianapolis, IN 46225
317-639-9501

What is a Subrogation Lien and Why Do I Need to Reimburse My Insurance Company From My Settlement?

What is a Subrogation Lien and Why Do I Need to Reimburse My Insurance Company From My Settlement?

Personal Injury Claim and SubrogationInsurance companies enter into a contract with their insureds. In this contractual relationship, both parties benefit and rightly so. But when your insurance company pays for your loss, they may legally recover a portion, or all of their losses paid on your behalf by way of subrogation.

A subrogation lien is the process an insurance company uses to seek reimbursement from the responsible third party for money it has paid on the behalf of the insured. However, the English common law “Made Whole” doctrine provides that insurers and creditors shall not be made whole prior to their insured being made whole.

Indiana statute IC 34-51-2-19, commonly known as the Lien Reduction Statute, adds teeth and parameters to the common law doctrine. It states in part:

If a subrogation claim or other lien or claim that arose out of the payment of medical expenses or other benefits exists in respect to a claim for personal injuries or death and the claimant’s recovery is diminished:

(1) by comparative fault; or

(2) by reason of the uncollectibility of the full value of the claim for personal injuries or death resulting from limited liability insurance or from any other cause; the lien or claim shall be diminished in the same proportion as the claimant’s recovery is diminished.

Lien Reduction Statute: Recovery Lessened by Comparative FaultCall Charlie Ward at 317-639-9501

If the tortfeasor (party responsible for your damages) proves or is able to prove that you were, for example, 20% at fault for your damages, and your automobile insurance company paid the limits of your medical payment portion of your policy, totaling $10,000, your insurance company would be required under Indiana statute to reduce their medical payment subrogation lien by a minimum of 20% or $2,000. Based on the facts and the full set of circumstances surrounding your claim, a further reduction may be requested by your experienced personal injury attorney.

Lien Reduction Statute: Recovery Lessened by Uncollectibility of Injury or Death Claim

When you have finished treatment with your providers and it is felt that your condition cannot be improved further, you and your attorney will discuss and assign a reasonable value to your claim for damages based upon medical billings, loss of wages (past and future), future surgeries and treatments, impairment rating, pain and suffering and all other losses you may have incurred.

The following is an example of Uncollectibility:

Your claim is reasonably valued at $500,000. You settle for the limits of the responsible party’s liability insurance of $100,000. Therefore, 80% of your claim is uncollectible. In this example, both your auto insurance company and your health insurance company would be required by statute to reduce their lien by 80%. Under extreme circumstances, an experienced personal injury lawyer may be able to negotiate a further reduction of the lien amount or request waiving of the lien.

A Person Who Acts As His Own Lawyer…

In most circumstances it would be imprudent to endeavor to settle a claim for injuries without the advice and counsel of an experienced personal injury and wrongful death lawyer. Attorneys who represent injured or deceased persons on a daily basis are knowledgeable of current legislation, amended statutes, federal codes, and case law that will affect their client’s case and financial recovery.

Don and Charlie Ward have more than 85 years of combined experience in personal injury law involving motorcycle, automobile, bus, trucking and pedestrian accidents and wrongful death claims. Call Charlie Ward today at 317-639-9501 for a free consultation and evaluation of your claim.

Ward & Ward Law Firm
728 S Meridian St
Indianapolis, IN 46225
317-639-9501

Learn more about Indiana’s Comparative Fault Law.

How Much is an Umbrella Insurance Policy?

Lawyer for Motorcycle Accident Injury Claims in Indianapolis Indiana 46225An underlying insurance policy may cover damages for personal injuries or a wrongful death as a result of an accident but an umbrella insurance policy will add additional coverage for the same accident at a fraction of the cost.

Umbrella insurance is liability coverage that goes above your underlying  homeowners or auto insurance policy.   It may also be known as excess coverage.  However, it is merely just another “layer” of protection. This type of insurance generally has much higher limits and has a much broader range to cover potential claims for things such as libel, slander, defamation of character, property damages and bodily injury claims.

Is an umbrella insurance policy expensive?

Many do not know about this coverage or if they do, many think it would be too expensive.  WRONG.  In general for about $150 – $300 per year you can buy a $1 million personal liability umbrella policy. For every million above that, the cost is approximately $75 dollars per year. While an umbrella policy protects if you are at fault for an accident it may also cover you for an accident that is NOT your fault.  An example may be where the at fault driver has no insurance (uninsured motorist) or has some insurance but not enough to coverage all your damages (under insured).  Each state has different requirements for insurance liability coverage.  Check with your insurance agent and ask about an umbrella policy.  You may be surprised how much additional insurance protection you can get for such a small cost.

Charlie explains what an umbrella insurance policy does to help protect you.

Lawyers advocating for you!

Call Charlie Ward at 317-639-9501Charlie Ward is a personal injury attorney in Indianapolis, Indiana and represents people who have been injured in auto, motorcycle and truck accidents as well as pedestrian and bicycling accidents, medical malpractice and nursing home negligence claims. If you or someone you know has been injured in an accident or killed as a the result of another person’s reckless or negligent behavior, give Charlie a call today at 317-639-9501 for a free evaluation of your accident claim.

By Charlie Ward

Ward & Ward Law Firm
728 S Meridian St
Indianapolis, IN 46225
317-639-9501

How Do I Pay My Medical Bills After an Accident?

Overwhelmed by medical bills from my accident – How do I pay my bills?

If you have health insurance, your insurance provider may cover the care you receive from in-network hospitals, doctors and other medical providers. In rare situations where you were taken by ambulance to a hospital that is not in your network, your health insurance may cover the ER bill if you were unable to select an in-network hospital from the scene of the accident. After your health insurance, your medical payment insurance or “med-pay” will help you to pay your medical bills. Check your automobile policy to determine how much med-pay insurance you have.Call Charlie Ward at 317-639-9501

Lawyer Charlie Ward of Ward & Ward Law Firm recommends you purchase as much med-pay insurance as your can afford. Talk with your insurance agent to obtain a quote. Med-pay insurance becomes cheaper the more your purchase. You may be surprised how inexpensive good coverage is when you seek a quote for a higher amount. Remember that medical payment insurance is to your benefit by covering medical bills and medical expenses, i.e. hospital, doctors, radiology, lab work, prescriptions, physical therapy and much more. It can ease the strain of potential economic hardship and/or the loss of your wages after you’ve experienced a wreck or collision.

If you know someone that has been injured in an accident and having trouble paying their medical bills, call attorney, Charlie Ward, today at 317-639-9501.

By Charlie Ward

Ward & Ward Law Firm
728 S Meridian St
Indianapolis, IN 46225
(317) 639-9501

A Robust Auto Liability Policy Means Better Protection for Your Family in Indiana

The best auto insurance coverage costs less than the state required minimum amount of insurance protection

Here’s why you should choose the best automobile insurance policy for you and your family’s protection.

Did you know that:Call Charlie Ward at 317-639-9501

  1. One in five Indiana drivers are on the road without insurance (WRTV.com)
  2. There are nearly 350,000 suspended drivers in Indiana
  3. Suspended drivers are almost four times as likely to be involved in a fatal crash
  4. Over 50 % of court cases in Johnson County are for driving while suspended
  5. Over ⅓ of unlicensed drivers leave the scene of a fatal crash (AAAFoundation.org)

Consider this — 1 in 5 Indiana drivers are uninsured.

Indianapols Personal Injury Attorney - Auto Accidents

Indiana law requires licensed drivers to purchase a minimum amount ($25,000/$50,000) of auto liability insurance coverage. The penalty for not obtaining the policy is license suspension. A report from the Insurance Research Council estimates that in 2009, 16 percent of Indiana drivers were uninsured, that’s approximately 1 in every 6.25 drivers. Today, 20% of Indiana drivers, or 1 out of every 5 cars on the road, is being operated without any kind of automobile liability insurance coverage. The growth of uninsured drivers may be due in large part to the economic downturn and sadly, we may see a further increase in the future. With that in mind, it’s a pretty safe bet that insuring yourself and your family for a potential automobile injury caused solely by an uninsured driver is as important as putting your savings in an FDIC insured bank or buying a homeowners insurance policy that will pay full-replacement-value in case of a total loss.  

Is a minimum policy enough to protect my family after an accident with a negligent driver?

Under minimum coverage, the first figure ($25,000) represents the limits a single party who was not-at-fault may potentially recover from defendant’s insurance company; the latter denotes the total amount defendant’s insurance company might pay to all injured parties combined when more than one party has been injured, excluding the policy holder/negligent driver. All automobile liability policies sold in Indiana must also include uninsured/underinsured coverage equal to the amount of liability coverage — unless the insured rejects this coverage in writing.

The following examples demonstrates how a claim for damages and losses might be made against your underinsurance policy if the negligent driver has only the minimum amount of liability insurance.

Example1: If you alone sustain severe or catastrophic injuries in a vehicular accident, through no fault of your own, and the other solely responsible driver has minimal coverage, your attorney will initially demand to settle your claim for the limits of defendant’s policy — in this case, $25,000. If your losses and damages are greater than defendant’s minimal policy and you have underinsurance coverage greater than defendant’s liability policy, your attorney may seek as much as the difference between your policy limits and the limits paid by defendant’s insurance. The difference is the maximum amount you might potentially obtain. You may never receive, in total, more than the limits of your own policy in a claim involving underinsurance.

Example2: If you are injured in an accident caused by an uninsured driver, and you yourself have the minimal legal insurance, the highest amount of compensation you may receive for your personal injuries under your policy’s uninsured motorist coverage, is $25,000. According to New Choice Health.com, a single spinal MRI can cost as much as $8,500.00. How far will the limits of your uninsured liability policy stretch when a single standard procedure costs more than one-third of your uninsured settlement?

Protect your family by purchasing the largest amount of liability insurance you can afford.

After the $25,000 limits of defendant’s policy have been met and payment has been made solely for your injuries, damages and losses, your attorney may seek additional compensation if your situation warrants, from the underinsured portion of your automobile liability policy. Remember, your attorney is only able to seek further compensation if your liability policy is greater than defendant’s policy limits.

For example, from your $100,000/$300,000 underinsured policy limits, you may be eligible to recover as much as $75,000 ($100,000 less $25,000 paid by defendant insurance.)

How much does insurance cost?

Not so surprisingly, the cost per unit of insurance goes down as you purchase more units. Many agents will quote a policy price by inquiring as to how much insurance you carry at this time. I recommend you do a cost comparison of several policies, i.e. 25/50, 100/300 or 250/500. See Ward & Ward Law Firm’s cost analysis for units of insurance.

Your personal injury attorney is here to help you.

Ward & Ward Law Firm has more than 85 years of combined experience helping injured people put back together the pieces of their lives after a traumatic accident involving a motorized vehicle or the loss of a loved one due to the negligence of another. If you or someone you know has been involved in an accident, please call today for a free consultation at 800-639-9501.

By Charlie Ward

317-639-9501

www.wardlawfirm.com