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To get more money from your auto accident insurance claims, you first want to find out which insurance policy will cover your car damages. There are two main insurance policies that pay for your vehicle repair bills. The first place to check is the.

1. Liability Insurance When you need money from your accident insurance claims, you have to file a Third Party Claim against the other driver’s Property Damage Liability insurance. A Third Party claim is when you want to file an accident claim against another driver’s insurance provider. The driver and the insurance company are the first two parties; you’re the third party.

Typically, the liability insurance is sufficient to pay for the cost of an typical auto accident. Even if the other vehicle owner purchased your state’s minimum liability insurance requirement, you’ll see it’s enough to cover your vehicle repair bills. For example, New York’s state minimum property damage liability insurance is for $10,000. Other states minimum requirements fall between $5,000- $25,000.

The first thing you should do is get a copy of the other driver’s insurance policy. That way you can check out how much money you can essentially get from his/her liability insurance. The liability insurance will be shown as three numbers in which the first two numbers are for bodily injury limits while the third number represents the property damages limits.

For example, a New York State Liability insurance policy may read 25/50/10. This means there is “$25,000 for each injured person with a $50,000 limit per vehicle accident and $10,000 for property damages.” Reading the insurance policy, you now understand the most you can get from your auto accident property damage insurance claims is $10,000. After that you can assess if this is enough to pay for your vehicle repairs.

However, merely because the insurance company can afford to pay for your damages, doesn’t mean to say it will. You’ve still got to clearly show the other vehicle owner was the cause of your auto accident.

This in essence means it’s important to gather evidence like pictures, car accident reports, statements from witnesses etc. The auto accident insurance claims process can take a very long time to complete due to the fact the insurance companies aren’t really in a hurry to pay for your damages.

This can make working with another insurance company really frustrating and time consuming. To avoid this you can file a auto accident insurance claim under your.

2. Collision Insurance Coverage

Collision insurance coverage is a policy with your own provider that pays for your auto repair costs no matter who was the cause of the vehicle accident. The benefits of filing under your collision coverage are that:

*You are going to get money for your car damages.

*You save time since you don’t have to gather evidence against another car driver.

*The auto accident insurance claims process is easier, given that you are dealing with your own insurance company instead of another insurance provider.

*The entire process is generally completed in a short time and you can receive an accident settlement check in a couple of weeks.

However, the problem with filing under your own collision insurance is that you will need to pay a deductible. The deductible is typically a few hundred dollars that you have to pay from your own pocket. After you have paid the deductible, the insurance company will pay for your repair costs.

So you need to make the decision whether it is worth paying the deductible to get your car repaired in a short time or not pay the deductible and prepare to convince another auto insurance company to pay for your car damages.

There is no right or wrong choice here. Just be informed of the various choices you have and how much each could cost you both in terms of time and money

Find out more tips to increase your car accident insurance claims and personal injury settlements

Mar012011

Tags: advice, auto accident settlements, automotive, car accident claims, cars, consumer, finance, insurance, personal injury settlements, traffic, Trucks

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