Car insurance is a requirement that enables those involved in a vehicle crash to secure the financial resources they need to cover expenses relating to personal injuries and vehicle damage. The damages that result from these accidents can be quite severe in many cases. Therefore, it is essential to have the proper and necessary amount of auto insurance. Cabot, AR drivers who become involved in a vehicle accident should understand the insurance claims process has briefly described below.
The Claim Process
It is important to start the claims process as soon as possible after an accident occurs. Contacting your insurance company is the first step. Your insurance company will investigate and gather the necessary information about the incident that results in the compilation and establishment of your claim. From there, a claims adjuster will move the process of your claim forward.
Claims Adjuster Services
A claims adjuster handles the details of the accident, evaluating your insurance coverage, assigning fault to one or more parties, and paying out compensation on the claim based on your auto insurance policy. Claims adjusters work with many individuals, including the police, witnesses to the accident, and the individuals involved in the collision in order to come to a final conclusion about the claim. Once the adjuster has formed the necessary investigative work and come to a settlement conclusion the case, he or she will pay out the compensation to the insured individual(s) in line with insurance policy coverages, deductibles, and limits.
It is also important to understand that insurance companies do not pay for undamaged items. They only pay for actual damages that occur in an accident.
Paying the Claim
Based on the deductible of the auto insurance policy, the insurance company will pay the claim amount. For instance, if your deductible is $250 and the company makes an assessment of the damage to your vehicle at $2,000, the insurer will write you a check for $1,750. Once the check is written, your claim is closed.
By working with an independent insurance agent, you can receive a specific and tailored insurance policy that meets your specific needs and helps you save money on your insurance premium.
