If you’ve been involved in a car accident in Hyannis, you must contact a Hyannis car accident lawyer as soon as you can. 
They can help to protect your rights and secure the compensation that you deserve. According to a survey done by CoverHound, 51% of insurance shoppers provided incorrect information intentionally or by accident. Many shoppers provided incorrect information when shopping for insurance or did not include vital information. In their survey, millennials were found to be likely to provide inaccurate information than baby boomers.
Renters were also four times more likely to provide inaccurate information compared to homeowners during the car insurance application process. Insured shoppers were also five times more likely to provide inaccurate information compared to uninsured drivers.
Car insurance does not come cheap and almost two-thirds of the drivers admitted that they provided inaccurate information in order to save money. As of 2015, car insurance was $889 and in 2017, it increased to $1005. According to a study by U.S News and World Report, the average cost of car insurance in 2020 is $1416.
There are several factors that go into setting the rate for car insurance policies. They include but not limited to:
- Credit history
- Make and model of the car
- Average number of miles driven.
The main purpose of providing false information is to appear like you’re a better driver and to make your car look like it’s in pristine condition. This will obviously lower your insurance premium rate. However, what happens when you provide false information during the car insurance application process?
What Happens When You Provide False Information During the Car Insurance Application Process?
Providing false information is considered to be a form of insurance fraud. This also includes fudging the information slightly. It’s considered soft fraud and is defined as the act where a policyholder seizes the opportunity available to them to incorrectly use it to their own benefit. Hard fraud on the other hand is where the policyholder deliberately sets out to rip off the insurer and they use tactics such as staging an accident.
Soft fraud can jeopardize your coverage. For starters, insurers cannot accurately assess the risk they are taking on and charge premiums accordingly. They might decide to revoke coverage, charge a higher premium, deny any claims that you make or slap you with civil fraud penalties.
In addition to the consequences mentioned above, providing false information during the car insurance application process can also have long-term implications on your driving record and ability to obtain insurance in the future.
If an insurance company discovers that you provided false information on your application, they may choose to cancel your policy or deny any claims that you make. This can leave you without coverage in the event of an accident or other unforeseen circumstance, and could potentially leave you responsible for significant expenses.
Additionally, insurance companies share information through databases such as the Comprehensive Loss Underwriting Exchange (CLUE). This means that if you provide false information to one insurance company, it could impact your ability to obtain insurance from other companies in the future.
In some cases, providing false information during the car insurance application process can also result in legal consequences. Insurance fraud is a serious crime that can lead to fines, jail time, and a permanent criminal record.
Overall, it’s important to be honest and accurate when applying for car insurance. While it may be tempting to provide false information to lower your premiums, the consequences can be severe and long-lasting. Instead, consider taking steps to legitimately lower your insurance costs, such as maintaining a safe driving record, taking defensive driving courses, or selecting a higher deductible.
Benefits of Hiring a Hyannis Car Accident Lawyer
There are several benefits to hiring a Hyannis car accident lawyer if you’ve been involved in a car accident.
First and foremost, a car accident lawyer can help you navigate the often-complicated legal process following an accident. They can guide how to deal with insurance companies, negotiate on your behalf to ensure you receive fair compensation for your injuries and damages, and represent you in court if necessary.
Car accident lawyers can also help gather and preserve evidence related to the accident, such as police reports, witness statements, and medical records. This can be crucial in building a strong case and proving fault in the accident.
Additionally, car accident lawyers are familiar with the laws and regulations related to car accidents in Hyannis and can ensure that your rights are protected throughout the legal process. They can also provide advice on what to do if the other driver involved in the accident does not have insurance or if their insurance company is not willing to pay for your damages.
Overall, hiring a Hyannis car accident lawyer can provide peace of mind and ensure that you receive the compensation you deserve after a car accident.
