We all know that car accidents are common and that the number of deaths in car crashes is a significant part of our society.
However, the number and type of catastrophic accidents are also increasing.
In Australia, catastrophic accidents cost the nation an estimated $15 billion annually and account for the third highest number of death and injury claims among OECD countries.
In the year 2020, approximately 1.3 million people suffered catastrophic losses, according to data from the Australian Bureau of Statistics.
While catastrophic losses are not new, it is important to know what to do if you are a potential victim.
Here are three things you should know if you have been injured in a catastrophic accident in Australia: What are the rules?
There are two types of catastrophic losses: catastrophic and non-catastropheal.
A catastrophic loss is when someone’s life is taken by the vehicle, and a non-accident is when the property or other personal assets are taken.
There are different types of non-corporate catastrophic losses.
Non-cataclysmic losses include loss of personal property and other personal property.
Non catastrophic losses include the loss of life.
How much does it cost?
If you are in a collision, a non catastrophic loss usually requires the person involved to pay out of pocket or take out insurance.
For example, a loss of $20,000 could mean $10,000 of loss in the event of a collision.
How do I apply for catastrophic insurance?
The application process for catastrophic losses depends on your specific circumstances.
For more information on the application process, you can contact your insurance provider.
What is the difference between catastrophic and Non-Catastrophic Insurance?
A catastrophic accident is a loss that occurs in the course of a business, personal or professional activity, or to a family member.
A non- catastrophic accident, on the other hand, is when an individual is injured in the same manner as an accident that occurs during a commercial activity.
What does it mean if my accident was catastrophic?
The type of claim can vary depending on the details of the accident.
Non catastrophe insurance covers a range of losses, but generally covers losses due to the loss or damage caused by the occurrence of the following events: A direct collision in which an automobile collided with another vehicle causing injury or death to an occupant of the vehicle.
A direct hit from a motor vehicle by another vehicle.
The driver of the other vehicle was not wearing a seat belt.
A personal injury resulting from a fall from a height.
A collision that resulted in property damage to an individual or a group of individuals.
For non- catastrophes, there is no insurance.
Non catastrophing is not considered a catastrophic event and is not covered by any insurance.
What are some things I can do to protect myself from catastrophic losses in Australia?
Here are some suggestions for what you can do: Get to the scene of the collision as quickly as possible.
A person is likely to be injured in an accident as soon as they are hit by a vehicle.
This means that they should get to the crash site as soon possible to avoid the potential risk of serious injury.
If possible, consider taking photos of the scene and bringing them to the accident scene.
If you need to call 911, make sure to call ahead to ensure that you can be contacted.
If the accident happened within your personal property or the home of the person injured, the property owner or their agent should contact police.
The property owner can also ask the police to be called if they are contacted about the accident by a person who does not have a licence or insurance to operate a vehicle (such as a tenant).