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Liability Fleet Subrogation Services

Liability Fleet Subrogation Services. J.C. Villafranca Consulting/Claims Service. Statutory Requirements of Reporting all Auto/Fleet Accidents. Transportation Code Title 7. Vehicle and Traffic Subtitle C. Rules of the Road Chapter 550. Accidents and Accident Reports. Subrogation Defined.

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Liability Fleet Subrogation Services

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  1. Liability Fleet Subrogation Services J.C. Villafranca Consulting/Claims Service

  2. Statutory Requirements of Reporting all Auto/Fleet Accidents • Transportation Code Title 7. Vehicle and Traffic Subtitle C. Rules of the Road Chapter 550. Accidents and Accident Reports

  3. Subrogation Defined • Subrogation in its most common usage refers to circumstances in which one tries to recoup expenses for a claim when another party should have been responsible for paying at least a portion of that claim.

  4. What is the purpose of Subrogation? • The purpose of subrogation is to compel the ultimate payment of a debt by the party who, in equity and good consciousness, should pay it.

  5. Example • A bus driver stops at a loading zone to drop off children. As he is in a stationary position, another vehicle traveling behind him, rear ends the back of the school bus. Good Hands Insurance Company has insured the other driver and is now responsible for any property damages to the school bus.

  6. Benefits • Recovery of property damage from responsible party • Reduction of expenditures made by school district for damages • Recovery period of property damage ranges for up to 2 years from the date of accident

  7. Statistical Analysis of Fleet Liability Exposure • Every 12 minutes someone dies in a motor vehicle crash, every 10 seconds an injury occurs and every 5 seconds a crash occurs. Many of these incidents occur during the workday or during the commute to and from work. • In 2010 Cameron County had 179 commercial motor vehicle auto accidents • In 2010 Hidalgo County had 357 commercial motor vehicle auto accidents.

  8. Thank You

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