We take life insurance policies and medical insurance policies as a risk management efforts. Just in case we met with an accident, we may be eligible to receive monetary assistance from the insurance company. But the money that we may get depends upon the sum assured and the damage caused to us. We may not be able to get enough money to take care of our expenditures which include the regular expenditure till the time we might be able to go to work and our medical expenses.
If we have met with accident with no fault of ours and due to the ignorance of the party who has endangered us, then we can sue the person or ask the company to pay the compensation to us. If the company does not oblige then we can take legal actions against the company through court. We have to approach a lawyers who is particularly expert in dealing personal injury claims and have him send a notice to the company. If the company does not pay heed still, then we can legally sue the company and seek compensation. How soon we get the money largely depends upon the efficiency of the lawyer.
For eg: if we had an Disney world accident, then the lawyers will ensure that we are paid compensation for our medical expenses, our regular expenses till we go to work and compensation for the mental torture that we have undergone.
