5 Times It Pays to File an Auto Insurance Claim
If you're involved in a minor car accident, you may wonder if it's worth letting your auto insurance provider know or if you should just pay the repair costs out of pocket. After all, filing a claim may increase your premium payments. However, not reporting the fender bender could financially backfire. Here are a few times you should absolutely let your provider know about the collision.
When to File an Auto Insurance Claim
1. Someone Got Hurt
After a vehicle accident, especially a small one, it may be hard to tell the extent of a person's injuries. The effects could show up days later, and the injured party could come after you to pay their medical expenses. To err on the side of caution, tell your auto insurance provider right away to reduce or eliminate the possibility of having to pay on your own.
2. There’s Minor Damage
A slight dent in a fender can mask other damage caused by a traffic accident. Even if the affected driver suggests handling the matter privately and without involving insurance providers, politely decline. Everyone involved should submit their claims and let their carriers handle it.
3. You Have Collision Insurance
If you have collision coverage, you're likely required to let the auto insurance provider know about vehicle damage after an accident. Not reporting it or waiting too long to file a claim could result in a delayed or denied payment. Review your policy to find out how long you have after an accident to submit a claim.4. There Are Other Drivers Involved
To protect yourself against potential lawsuits, it's best to to file a claim with your insurance provider after an accident. Particularly if you have liability insurance, the coverage is designed to pay for expenses associated with vehicle damage and bodily injuries.
5. You’re Not Sure if You Should
There's a misconception filing an auto insurance claim will automatically increase a person's premium payments. Depending on the extent of the accident, this is not always the case. In fact, not filing a claim can actually result in expensive out-of pocket costs. If you're ever involved in a collision and are uncertain about filing a claim, do so anyway. It could save you a lot of time and money.
The aftermath of a vehicle accident can be filled with fear, panic, and anxiety. Having auto insurance in place alleviates some of the tension. The professional agents at Phil Taylor Insurance Agency in Clarksville, AR, have extensive experience handling claims in a timely manner. To learn more about the firm's coverage options, call (479) 754-2616 today. Visit the website for more information.
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Phil Taylor Insurance Agency, Inc.
214 E Cherry St, Clarksville, AR 72830
CALL US+1 (479) 754-2616
CALL US+1 (479) 754-2616
