When you get hit by a car, the insurance industry can’t help but pay attention
There are many ways for insurers to profit from the automobile accident, but the most common is by covering the expense of the vehicle’s insurance.
As of 2014, the Insurance Industry Association of America estimates that an insurance company would have to cover about 60 percent of the cost of a vehicle accident.
That means an insured car could cost between $3,000 and $5,000, depending on how many passengers are in the vehicle.
But in most cases, the cost is not reflected in the insurance company’s own profits.
According to a recent study by the Insurance Institute for Highway Safety (IIHS), only about 7 percent of insurers’ total revenues come from the costs of collision claims.
That’s why, when you get hurt in an automobile accident and the insurance is out of your pockets, the most expensive thing to do is to file a claim for medical expenses, says IHS CEO and co-founder Richard Besser.
The cost of that claim would often be far higher than what the insurance would be willing to cover, Bessr says.
In most cases the cost would be covered by other insurers.
The IIHS’ study looked at more than 100 insurance companies and found that insurers generally did not make enough money to cover their claims, according to the study.
Insurance companies also tend to be less aggressive in covering those costs than most other insurance companies.
In some cases, they have even cut coverage for those who are injured.
In a recent case, the Texas Department of Insurance awarded $8 million to a woman who had been seriously injured when her Jeep crashed into a tree on her property.
The state found that the insurance agency had not covered the cost to repair her vehicle, which had cost about $6,500.
The woman’s insurance company initially said the insurance was too high because she had a DUI and was uninsured.
The company later agreed to cover $5 of the $8,000.
In another case, a woman in New Jersey was injured when she lost control of her vehicle when she was driving through a red light and struck a tree, killing the woman’s 7-year-old daughter.
She was later awarded $12,000 in medical costs and lost the other $8 in medical coverage.
Bessers research found that even when insurance companies were willing to pay, they often did not take on the costs that were most costly to the insured, like the medical costs.
“It’s not uncommon for them to cover some of the costs they don’t have to pay,” Bessner says.
A recent study from the Institute for Insurance Research (IIR) found that only 17 percent of collision claim payouts to injured drivers were paid.
The other 80 percent was covered by the insurers’ own profits and interest.
Insurance industry analysts say that is largely due to the high costs of medical care.
“Insurers are really focused on what the insurers want to pay for,” Besson says.
The most common cost to cover in a car accident is medical care, including emergency room visits, hospitalizations and prescription drugs, according the IIHS.
Insurance is also not taking on the medical bills that would be paid for in a hospital or doctor’s office, which would cost the insurance companies more than $6 billion in 2016, according a recent report from the Center for Responsible Lending.
In many states, insurance companies have been required to cover the cost for some injuries.
But the number of states that have changed the laws regarding injuries has been low, and some states have not yet changed their laws.
New York and Massachusetts have the most severe injuries, but in the other states, the law is much more lax.
Insurance and other insurance industries have been pushing states to make changes to their laws, including requiring insurers to cover hospital stays, emergency room and doctor’s visits.
And the National Highway Traffic Safety Administration is also pushing states and the federal government to make it easier for people to claim medical expenses for injuries.
In 2014, President Obama signed into law a law called the American Automobile Act that required insurers to include coverage for hospital stays in claims for personal injury and property damage.
The law also required insurers, including car and truck companies, to offer a deductible, which covers the cost you would have paid for a hospital visit.
Besson argues that the laws are designed to make insurance companies pay more attention to medical costs, but they do not have the support of most consumers.
“A lot of consumers, including many women, don’t want to take on medical expenses,” Bessen says.
“They just don’t feel comfortable making the trip to the emergency room, so they don.
It’s kind of hard for them and it’s hard for us as consumers to get more support.”