Driver Insurance Cost

A coalition increasingly called Minnesota against fraud and insurance costs is working to convince the Legislature to reject these bills misconceived. Minnesotans against fraud and Higher Insurance Costs is a broad coalition of consumers and taxpayers, businesses and civic groups. The group aims to send a strong message to the Legislature that consumers deserve protection against fraud, rising insurance costs and frivolous lawsuits. These bills Double Lawsuit were written by lawyers for personal injury the sole benefit of personal injury lawyers. If passed, these bills will result in a massive increase in the number of complaints, increase significant costs for consumers and their insurance companies and provide personal injury lawyers doubling the chance to win big on a single charge case. The consequences of these bills are far reaching and will affect all policyholders in Minnesota resulting in higher costs for virtually all lines of insurance, including auto, homeowners, general liability, drivers, etc. will be punished good as their higher insurance rates, even if no application is filed. In fact, when similar legislation was in force in California (it was later annulled by the California Supreme Court then rejected by voters), a study conducted in California showed that these types of laws may increase the automobile insurance premiums as much as 14.5 per cent. Homeowners will face higher costs and an increased threat of lawsuits for such a thing as an accident on their property.

A very common example that may at any moment can happen that bills further twofold:

You are a landlord and a neighbor invited on your property and slips and injures themselves. The neighbor can then hire a personal injury lawyer to sue you for damages. Your insurance company steps to assess the damage and may offer to cover medical expenses for the injured party and that compensation for pain and suffering.

However, under these proposed laws, instead of accepting the settlement, counsel the other party sees an opportunity to get more money and they file two separate complaints (one against you and your company against another insurance) costs much more than what the insurance company deemed to be based just on its investigation. These extremely expensive multiple lawsuits provide powerful incentives for filing frivolous lawsuits and fraudulent claims. The only real advantage goes to lawyers stand to gain much higher legal fees.

Virtually all insurance policies in Minnesota will suffer the consequences negative selfish these bills. Written by personal injury lawyers in their use of these laws would allow two separate lawsuits for one and claim. The lawyers behind or supporting these bills stand to make millions of dollars by threatening to file multiple lawsuits, forcing consumers and their insurance companies into huge off-court settlements to avoid lengthy and costly litigation.

This will greatly increased insurance costs for everyone and increase the number of lawsuits in our court system already strained. Minnesota consumers deserve and should demand that legislators reject these bills.

To get involved, please visit our website at target = "_blank"> www.nohigherrates.com

About the Author:

I’m paulxty of the promethost.com, and currently exposing the concerns of Minnesotans about double lawsuit bills.. Please help us trash this legislation. To get involve visit our site at

www.nohigherrates.com
.

Article Source: ArticlesBase.com – Minnesotans Against Fraud and Higher Insurance Costs