What’s up with this deposit?!
I was in a car accident on February 18th where I got rear-ended by a driver speeding on the highway. They hit me so hard that they ended up swerving in front of my vehicle, crossing into another lane, and colliding with another car. To make things worse, my two young children were in the car with me! Thankfully, we all went to the hospital and had the kids checked out by their pediatrician, and they’re fine.
I decided to hire a lawyer after only having one brief conversation with the other driver’s insurance company, which felt off to me. Since then, I haven’t heard anything from them. Recently, though, I received a Zelle payment from the insurance company labeled as a claim settlement. My lawyer is just as confused as I am since they haven’t yet heard back from the insurance company.
I’m curious if anyone here knows what this payment might be for? I’ve heard it could be intended for the body shop or for PIP, but I’m not entirely sure what to do with it. While I wait for my lawyer to get back to me, I thought I’d reach out here for any insights. Just a heads up, this took place in Maryland, which may be relevant.
Edit: Just to clarify, I’m looking for OPINIONS from anyone who has been in a similar situation. I’m not expecting any definitive answers since I know it can vary by state, which is why I mentioned where I’m from. Thank you!
It sounds like you’re going through a really stressful situation, and I can imagine how confusing it must be to receive a deposit without clear communication from your lawyer or the insurance company. While I can’t give you specific legal advice, I can offer some opinions based on experiences others have shared.
Initial Settlement Payment: It’s possible that the Zelle payment is an initial settlement or advance on your claim. Insurance companies sometimes issue preliminary payments to cover immediate expenses related to the accident, like medical bills or car repairs.
PIP Coverage: Since Maryland is a no-fault state, the payment could be related to Personal Injury Protection (PIP). This could cover medical expenses and lost wages, and insurance might send you a payment to help with those costs.
Body Shop Payment: If you mentioned a body shop, it’s also plausible that the payment is intended for repairs to your vehicle. However, most insurance claims for repairs will typically be settled directly between the insurance and the repair shop, so this would be less common.
Consult Your Lawyer: It’s good that you’ve reached out to your lawyer, as they will have the most accurate information once they hear back from the insurance company. They can clarify what the payment is for and how you should proceed, especially regarding how it might affect your final settlement.
Keep Records: Make sure to document everything related to this payment and your accident. Noting the amount you received, the date, and any communication with your lawyer or the insurance company will help.
While waiting, it might be helpful to look up some resources about Maryland’s insurance processes or PIP benefits to have a better understanding of what could be applicable. Hoping you get clarity soon and that you and your children continue to recover well from the accident!