This guide covers how to handle property damage in general after an accident. Keep in mind that your insurance company may follow a different procedure, so you should always consult with them before taking any action.
The first thing you need to know about reimbursement from an insurance company is what is covered. If the crash was entirely someone else’s fault, you may be entitled to payment for any damage to your vehicle as well as your personal property. This can include clothing or eyewear you were wearing at the time of the accident, along with personal belongings that were in your vehicle, such as a laptop, textbooks, or even your cell phone. These losses can add up quickly.
So, how do you get paid for these damages? In most cases, you can recover your losses in one of three ways.
The first option is through the liability coverage under the at-fault driver’s insurance policy. If that insurance company accepts responsibility for the crash, it will usually pay a reasonable amount for the repair of your vehicle. The drawback is timing. It may take days or even weeks for the insurance company to determine fault. During that time, your car may not be repaired, and if you rely on your vehicle to get to work or school, that delay can feel like forever.
The second option is to use the collision coverage under your own insurance policy. This is often the fastest and easiest way to get your car repaired. Your insurance company may pay for the repairs regardless of who was at fault, and you would simply pay your deductible. If it is later determined that the other driver was at fault, your insurance company may recover its payment from the other insurer, and your deductible may be reimbursed to you.
If you decide that using your collision coverage is the best option, be sure to find out whether your policy also includes rental car reimbursement. This coverage could save you hundreds or even thousands of dollars, depending on how long your vehicle is in the shop.
The third option is to use the uninsured or underinsured motorist coverage on your own policy. If the person who caused the crash does not have insurance, does not have enough insurance, or leaves the scene before being identified, this coverage may still protect you. Depending on the type of crash, you may still have to pay a deductible for repairs, but that cost is often small compared to the full cost of repairs from a body shop or mechanic.
Now that you know who may help pay for the damage, be sure to watch for Part Two to learn how to get your car repaired. We hope you find this information helpful and that it gives you peace of mind about how your vehicle can be taken care of after an accident.
Call Negem & Worthington at (903) 595-4466 or click here for more information.