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Why is it Best to File an Insurance Claim After A Collision?

Why is it Best to File an Insurance Claim After A Collision?

If you have been involved in a fender bender, you may be hesitant to file an insurance claim because you don’t want to see your insurance rates increase. But when you don’t file a claim and agree to pay for the other driver’s vehicle damages out of pocket instead of through your insurance coverage, you could be opening yourself up to trouble.

There are some situations in which not opening an insurance claim could negatively affect you. When you are in an accident that involves another car, there are many ways that filing a claim with your auto insurer can help you. First, the coverage can take care of the cost of any property damages and any injuries that you may cause while you are operating a vehicle. It will pay up to the maximum value of your policy.

Other Scenarios in Which An Insurance Claim Should Be Filed

If you are taken to court, then your auto insurer will help pay for your legal defense. If you try to resolve the matters on your own with the other driver, you could end up being sued later. Some damages may not be noticed right away, or when the car is taken to a repair shop it may be determined that the damage is even more extensive than you initially believed.

You should always report the accident to your insurance company right away. If you don’t report the accident, the other driver could make a claim for injuries or damage that crop up later, and at that time, your insurance carrier may deny your coverage and you may be stuck with the bill out of pocket. The cost of repairing a vehicle adds up fast, and any repairs may total up to more than you expect.

When Is It Okay To Skip An Insurance Claim?

There are times when skipping an insurance claim may be the right thing to do. As an example, you are in a minor single vehicle accident and there are no injuries and you didn’t damage anyone else’s property. As an example, you back into a mailbox, or you bump into a light pole. If your policy includes collision coverage, it will cover the costs of damages after you have paid the deductible.

But, if you only have liability coverage, the damage to your vehicle will not be paid for by your insurer. When you are determining if you should file an insurance claim, consider the costs of the repairs. If the repairs are going t be less than or comparable to your deductible, then you may want to forego the claim. You should also check state laws to determine if you are required to report all accidents to your insurer or to the state DMV.

If you are needing repairs to your vehicle after an accident, ask Central Auto Body for a free estimate.