What’s the #1 mistake that people make after getting in an accident?
Here it is:
“I’m sorry, it was my fault.”
What may seem like the polite thing to say and do could actually lead to more problems down the road.
For starters, by admitting fault up front you have eliminated the possibility that the police officer who works the accident will find that the other person was at fault or even partially at fault.
You also throw the door wide open for lawsuits.
These days you have to be careful.
There are crooks and con artists who prey on people in car “accident” situations.
They will purposely cause “accidents” that appear to be your fault in order to collect insurance money—or worse—to sue you, commit extortion, or to otherwise make your life miserable.
How can you protect yourself?
Protecting yourself against these and other issues requires a mixture of strategy and common sense. Here are a few steps you can take:
- Always be sure to carry adequate liability insurance. Do not get the “state minimums”, as these are rarely enough to protect your assets in the event of a lawsuit.
- Never, EVER admit fault. Even if you know it is your fault. Even if you feel terrible. Even if it is completely obvious that it is your fault. Do not admit fault. Let the police officer come, and let the police officer determine who is at fault. Exchange information, be cordial and polite, and let the police do their part.
- Use video and pictures to protect yourself. Most people carry cell phones capable of at least still images, and these days many people carry phones capable of taking HD video.
Use that capability to the best of your ability to document the entire scene of the accident. This will help to protect you, especially in cases where the other driver caused the accident purposely in order to commit fraud.
NOTE: This report was excerpted from the “Real Cash Secrets” Home Study Course.
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