What is an Insurance Tracking Device?
There is a lot of excitement and anticipation around the Insurance Tracking Device and what it can do. However, there is a lot of mystery regarding the effect of the device on your insurance claims. So, we have put together a guide to educate you about how the device can deny accident claims.
It is a tracking system installed and monitored by auto insurance companies to reduce auto premiums and combat car insurance fraud. This electronic gadget is used for safety, making sure you aren’t driving dangerously.
Install an Insurance Tracking Device on Car
Insurance companies usually reduce the premiums of customers who agree to install an insurance tracking device on their car.
An insurance tracking device tracks the location and other details of a vehicle. These details are helpful in law enforcement investigations, insurance claims, corporate security, asset tracking, fleet management, and monitoring offenders on probation.
The increasing frequency of insurance fraud cases in Florida has made it necessary for insurers to use more advanced methods of identifying false claims. A growing number of insurers are using an insurance tracking device to combat this fraud. They are investing in more advanced GPS technology, which helps them accurately pinpoint accident details.
Different Tracking Devices Collect Different Types of Data
Different tracking devices collect different types of data. Commonly an insurance tracking device collects the following data:
- Phone calls – both handheld and hands-free
- Location
- Acceleration or deceleration
- Speed
- Time of day and date
- Harsh or sudden braking
- Cornering – taking a turn too fast
- Sudden traffic maneuver
This data tells your insurer about your driving habit. They use this data to identify if you are a safe driver or not. This way, the company gets to know if you are frequently performing careless driving. Such information helps them decide your premium.
How Insurance Tracking Device Affects Your Claim?
When you agree to install an insurance tracking device in your car, you are permitting them to use the data fetched for resolving the claim.
Even though this device is beneficial for insurance companies, it can affect reported accidents negatively and reduce claims they need to pay.
Claims adjusters are professionals who are trained to negotiate with the best. It is their job to make sure that insurance companies pay as little as possible for claims. These individuals are trained to detect every discrepancy, every inconsistency in the case. They review everything closely. This data can affect your claim settlement negatively.
When you are filing your claim, it could also affect the amount of money the insurance company gives you for your damages.
Insurance Company Will Look at all Aspects of your Driving Record
While filing your claim, the insurance company will look at all aspects of your driving record, including incidents that have transpired since you have started using the device. They will look at things such as miles you have driven during a particular time and if your speeding tickets are more than average compared to other drivers within a similar age range and area code.
If they find out that there are more incidents on your record than it is expected for people in your area code, they will give you less money for your damages. They believe that if you are getting into more accidents than most people in your surrounding area, then you are not a safe driver.
So consider carefully before you allow insurance companies to install an insurance tracking device on your car. Many people think they are safe drivers and get surprised when the data collected in the tracker tells the opposite. It is because a tracking device can only track you and your vehicle but can’t track the pedestrian or vehicles on the road that suddenly come your way.
Hire an Attorney for Maximum Car Accident Claim
If you are involved in a car accident, and the insurance company is denying the claim or reducing the amount for it, Florida personal injury lawyers at Wolf and Pravato are here to help. Our experienced and skilled personal injury lawyers in Fort Lauderdale understand the evidence and build a strong case for you that maximizes your compensation.
Contact Law Offices of Wolf & Pravato
We make sure you get the compensation you deserve. So if you are wrongfully getting the denial of the claim, our car accident attorneys in Fort Lauderdale are the best at turning setbacks into comebacks – contact us today!
