Car accidents are a crazy situation for everyone involved, and the last thing you are thinking about when the adrenaline is pumping is how to make sure the accident is completely documented so that liability is properly assigned. The problem is, each party in the accident usually has a different and opposing goal – to have liability assigned to the other!
Have you ever been stuck in this situation? Sometimes it happens because each party honestly believes they are correct and the other is at fault, but at other times, one party will attempt to lie and reduce their own liability. In either case, the benefits of having a dash cam could prove invaluable.
The emergence of the Dash Cam’s heavy use can generally be traced back to Russia, where it was originally used to fight insurance fraud in the country. Insurance fraud was running rampant, and individuals began recording their daily driving to combat the issue and protect themselves from unfair lawsuits. “Driving in Russia” YouTube videos went viral and people started using dash cams around the world. They are an incredibly useful tool for documenting evidence during a collision, but their use during the claims process and court proceedings in the United States has been met with skepticism. Although video from a dash cam can be considered conclusive evidence, it will not always be. Having a dash cam in your car can prove very helpful in the event of a crash, but it is not a substitute for performing all the other necessary steps following an accident. If you have been involved in an injury accident, call the injury attorney in Sacramento at The Choyce Law Firm for a free consultation.
Dash Cams are a great way to protect yourself from fraud and to gather information about an accident, but did you know they may soon be able to save you money on insurance costs?
Insurance is priced so that the sum of all annual premiums will pay for the cost of any claims, plus some profit for the insurance company. As the cost of claims goes down, so do the insurance premiums paid, and vice versa. This is why certain drivers pay more than others – the insurance company has deemed their potential cost of claims, or risk, based on their age, driving record, or other factors, to be greater than the next persons. Insurance companies have entire teams of statisticians that work to determine factors that put people at higher risk of making a claim, and they have teams of people that work to develop products and packages that can help to limit the chance of accident. An example would be an insurance company lowering your premium based on the number of miles you drive. The lower the number of miles, the lower the risk for an accident and the lower the premium paid.
Insurance companies in the UK have begun experimenting with premium reductions for people who drive with dash cams. The actuarial teams have determined that having a dash cam reduces the cost of claims, and should result in a decreased premium paid. It has not yet been determined why these companies think dash cams reduce the cost of claims, as there is no causal link between having a dash cam and a reduction in accident frequency. For this reason, insurers in the United States have remained skeptical and have yet to adopt a similar stance, but it could be soon to follow if the statistics are validated in other markets.
The injury attorney in Sacramento at The Choyce Law Firm is an expert in car accident injury cases and has the team of investigators and litigators necessary to secure you the compensation you deserve. Whether you have the accident documented with a dash cam or not, we have the knowledge and experience necessary to document the accident and injuries and properly assign liability. If you have been injured in a car accident, call our injury attorney in Sacramento for a free consultation today!
The Choyce Law Firm has years of legal experience handling tough settlement claims with frustrating insurance companies. Give us a call at (916) 306-0636 to speak to a Sacramento accident lawyer who can handle your case and take the burden off your hands.