Car Crashes and Your Insurance Company

http://www.mybiologica.com/wp-content/uploads/2014/04/1ae5carcrashesandinsurance-226x122.png

Drivers involved in car crashes often worry about what will happen to their insurance rates. There are millions of car accidents every year, most of which involve insured drivers, and each case is different. To understand what might happen to your policy if you are involved in the crash, you have to look at several different factors.The ClaimWhenever you are involved in a car accident that results in damage to a vehicle or an injury to a person, insurance companies are usually involved. When you are involved in an accident, one of the first things you typically have to do after making sure everyone is safe and collecting all the relevant information, is to call your insurance company. After calling the company you inform the agent or representative about what happened and that representative will assign your case a claim number. The company will then assign a claims agent or investigator to the case to begin an investigation.After the insurance company investigates the claim, reviews the coverage details, and determines who is at fault, it will then, typically, make a payment on the claim. This money is designed to bring you, or the other driver, back to the condition you were in before the crash. For example, if you are in a crash where the other driver was at fault and caused your car $1,500 in damage, the other driver’s insurance company will pay you $1,500 to repair your vehicle.The AftermathOnce the claim has been settled, drivers will then have to deal with the aftermath. Even though no two accidents are identical, here is what can happen.Your rates go up. You expected this one. …


Read More: Car Crashes and Your Insurance Company