Car insurance is a protection you buy in the event of unforeseen situations. It is a rare product you purchase with the hope of never using it. However, you may need to file an insurance claim if you are involved in a car accident.
Car insurance is the most critical aspect of car ownership. It cannot be overemphasized, seeing as it offers financial security in the events of theft, collisions, and accidents that lead to damages, medical bills, and even death.
Filing for a car insurance claim is asking the insurance company you purchased coverage from to help compensate for the losses and damages to the vehicle it’s supposed to protect.
Insurance claims are simply requests made for financial help from the insured to the insurer in the event of financial need.
Filing a claim sends the information to your insurers that you are in trouble, need their help, and wish to take advantage of their benefits.
Filing a claim is the moment between when an accident happens and when an insurance payout comes in to settle all bills for bodily injuries and damages to cars, objects, and buildings.
Making a car insurance claim is an essential part of getting the money you need to settle bills, and this article is here to show you how and when to file an insurance claim; keep reading.
When to File a Claim
Filing a claim must be influenced by certain factors and rules. If claims are filed unnecessarily, they can be denied. The following are some of the factors that influence filing a claim.
When you are in a car accident, and you happen to suffer severe complications from the accident, you may reach out to your insurers to settle the medical and damage bills.
When you are in an accident where your property was damaged, or you damaged someone else’s property, you may need to contact your insurer for repairs and replacement bills.
Theft Or Vandalism
When you are in a situation where your vehicle was vandalized and parts were damaged and stolen, you can contact your insurer for replacement and repair bills.
Uninsured Driver Protection
When you have been hit by a driver with underinsured or uninsured motorist coverage, you may need to reach out to your insurance company to help compensate you for the loss.
How to File a Claim
Here are the steps to take to file a claim if you were in an accident:
Assess the situation and take down information
The first thing to do if you are involved in an accident where there are casualties such as bodily injury, death, and property damage is to assess the situation.
Find out who needs medical attention and who doesn’t, then gather the necessary information you need, such as the place of the accident and information on the affected persons.
Call the police
Call the police and give them the necessary information for them to reach out to the families of those involved.
Contact Your Insurance Company
Reach out to your insurer to file a claim. File a claim by going to your insurer’s website and inputting all the gathered information.
Speak with an insurance adjuster
An insurance adjuster investigates your insurance claim in case of a false claim. Once proven valid, you can receive your insurance payment to settle all the needed bills.
In what situation can I make an insurance claim against someone else?
You can file a claim against someone else if they injured you, you simply have to claim being the third party.
If you were injured or your car was damaged, the driver’s insurance provider will settle your bills without delay.
In what situations will I pay for the bills of an accident I didn’t cause?
In some cases, you might need to turn to your insurance provider to support you even when someone else crashes on you. This can happen using the following factors:
- No-fault states dictate that everyone settles their bills. If the accident happens in a no-fault state, you must settle your bill yourself.
- If you were crashed into or hit by an underinsured or uninsured driver. However, your insurance company must come to the rescue.
- If you are stuck with a car loan balance
- If you decide not to bother the other person
- If you decide to sue
Will Filing a Claim on My Vehicle Affect My Subsequent Rates?
Yes, your rates may increase because you have now become an insurer with possible risks that would increase rates.