Car Accident Insurance Claim
always begin with an accident. When a person is involved in a car accident
involving injury or property damage, he needs to report it for an insurance
claim.
Car Accidents are horrifying
experiences. In these accidents, some of the people are injured and the
vehicles are damaged or crashed. There is legal system with the help of which
we can get to know who is at fault for the accident.
When we drive, there are
chances that we can meet an accident that can damage our car. So, the first
thing we can do after it is to file a Car Accident Insurance Claim within 24
hours of the incident. This will allow us to receive any compensation for any
medical expenses or some other expenses that created due to the accident. This
undergoes a process that ultimately leads to settlement.
Sometimes a third party claim
is also made when someone file a car insurance claim against another person’s
insurance policy. This third party insurance is associated with general
insurance, especially motor insurance.
When the insurance company
tries to investigate the claim, it focuses on some factors like:
·
The nature and extremity of an accident
·
The company’s rules and regulations
·
The damage occurs due to accident for example
personal damage or some property damage
WHEN A CLAIM SHOULD BE FILED
Contact your insurance company
as soon as possible following an accident. When you contact your company to
file a claim, give the following information:
·
Your full name
·
Your policy number and its starting and ending
date
·
Time and date of incident
·
Driver’s license
AFTER THE CLAIM IS FILED
After the claim is filed, a
professional at company or simply a claim adjustor will be assigned to work on
your claim. During this investigation, the adjuster can go for further details
like visit the accident scene, talk to the witnesses of the car accident etc.
VEHICLE
REPAIR AND MEDICAL CARE
When insurance company investigates
the claim and the fault is determined, it becomes the responsibility of it to pay
for the injuries, damages as well as repairs. The process of initial payment is
“indemnification” which means coverage for damages and losses.
If you are asked to get your
own estimates, you have to ask the insurance company for their approval before
going ahead. If vehicle is in a better condition after repairs than it was
earlier, you may have to pay some of the repair cost yourself.
Sometimes, the insurance
companies offers the market value of the car at the time of accident. This can
happen only if it is not economical to repair the car. This is known as “Insurance Write Off.”
CALCULATING
VALUE OF CLAIM
After calculating the value for
your claim, the insurance company will issue a settlement check. You can
contact the company further or may appeal to it due to certain reasons like
insufficient amount of settlement. For this, further additional information and
evidence has to be provided about the accident. Car Accident Settlement
Calculator is also used to estimate the value of accident claim. Hence, Car
Accident Insurance Claim is very useful whenever a person meets an accident
that damages the car.