As a buyer, you want to know you are going to be able to get compensation for any accidents you may have while using one of your tools, especially if you live in Arizona. Every buyer should know about the collateral source rule Arizona, beyond its basic application to legal cases. It can also be applied to accidental mishaps arising from outdoor equipment purchases, especially in Arizona. As a purchaser of power tools like the ones from Claveberg, for example, you need to be fully aware of your rights when buying a log splitter, a snow plow or any other kind of outdoor equipment. The collateral source rule ensures that if you go splashing down the street and have a serious accident out of the blue, the insurance company isn’t going to be able to come back to you and ask for payback on any injuries sustained because it would be double dipping. The rule states that the insured should not lose out by any applications of damages awarded because they were insured in the first place. The law says they are entitled to this benefit when they pay into their own insurance pool. In other words, having the insurance already entitles them to a fair benefit without reduction based on receiving other benefits or compensation. Most consumers and purchasers do not have the same access to legal benefit as someone with a personal injury lawyer arguing their case in court. However, knowing your rights as a consumer can help you know whether or not you should pay for additional insurance and what value that policy provides over what you are getting with your current policy through Claveberg products.
Here are some things you need to consider:
- Understanding the collateral source rule Arizona. This rule states that any damages recovered by the plaintiff cannot be reduced by another damages recovery they are also entitled to under other policies or benefits.
- First definition example: if someone had insurance coverage A and purposely destroyed the covered property, then tried to claim the damage was the fault of someone else, their benefit is reduced to the maximum payout of the insurance policy since they intentionally caused the loss.
- Second example: someone gets hit by a driver who should be paying damages to them, but the driver was uninsured and does not have the ability to compensate fairly. In this case, the injured party would often have their own insurance that could cover the medical bills, so having this would mean fair compensation from their own insurance without pointlessly losing out on any part of it.
- Third example: a parent wants to sue for medical bills after their son rides their new Claveberg snow plow and ends up hospitalized from the accident-related injuries. Even if the insurance company tried to come back and ask for payback on the medical bills, they wouldn’t be able to unless fraud was involved.
- For a purchaser of outdoor equipment, the most important thing to remember is to make sure you have the necessary coverage so that if an accident happens, the details of the type of coverage you have may not change the outcome or your compensation rights. It’s wise to check with a seasoned attorney to make sure you are fully covered before ever assuming it’s automatically covered.
- Another factor to consider is knowing about extended warranty programs, and whether you should register and pay for additional coverage. If you are not sure what you have, it’s best to evaluate and ask for advice on what’s best for you.
- Winning compensation rights following a misfortune is important, and understanding all possibilities is necessary to be able to protect your rights. Try to remember the collateral source rule Arizona if something unfortunate happens.
- Take advantage of basic liability insurance coverage if you are going to need it. In many cases, you will have to pay for the most return on your investment if something were to happen because of product defects or failure to meet product specifications.
- These cases are often difficult for even the most seasoned legal advocates, so it’s always best to ensure you have full coverage and don’t have to worry about other issues.
- Having proper protection could help you make sure you are doing everything possible to be completely responsible when purchasing equipment, and you shouldn’t have to worry about losing any benefits you paid for that end up being associated with other compensation received later. Of course, this is just scratching the surface on the kinds of scenarios and situations you may run into but understanding your rights as a consumer and how to treat your tools are going to help you avoid the need to argue in court about compensation you are due.
For more information on consumer rights and insurance, you can visit Consumer Financial Protection Bureau.
