Many people have asked themselves this question: should I file a car insurance claim if I have been in a really minor accident or a small-time collision in a place like a parking lot? This can be a really difficult question to answer. Everyone knows that filing a claim can result in higher car insurance premiums, but it is very difficult to know how much the increase will be and for how long.
Car insurance companies use sophisticated calculations based on a lot of data to come up with car insurance rates for their policyholders. There are a few things you can consider that might help you better understand when it is the right time to file a claim or not.
Another great benefit of renters insurance is that you don't have the responsibility of collecting money from someone else if they cause the damage to the apartment or home that your renting. Let's say your apartment flooded after your upstairs neighbor left the bathtub running.
If your car was the only thing that was damaged in the incident, taking it to an auto body shop and asking for an estimate is important. This will help you determine whether to file a claim, pay for the repairs yourself, or live with the damage. Some have said that if the damage will cost under $1,000, that it might be a better idea to fix it on your own rather than filing a car insurance claim.
We mentioned some exceptions to the rule of filing claims in every case where the cost of the repairs exceeds the deductible amount outlined in your policy. The rule of thumb here is too try and decide what filing a claim is going to do in terms of increasing your future premiums.
The next step is easy, especially because we all seem to have smartphones. Take photos and video of the damage and losses. This will be great evidence to have for the insurance company. Read over your policy so you make sure you understand what your rights are and what you are entitled to. This next step takes a little time, but is worth it: itemize your property.
This way, you have all the back up you need to avoid being stuck with the bill. The last thing you want is to have to file a claim with your car insurance company for an accident that you did not cause in the first place. You will be stuck paying your deductible and perhaps with a higher premium moving forward.
CNC Insurance offers all types of insurance. If you are in the Frisco area and need car insurance or any other type of policy, give us a call today.
Car insurance companies use sophisticated calculations based on a lot of data to come up with car insurance rates for their policyholders. There are a few things you can consider that might help you better understand when it is the right time to file a claim or not.
Another great benefit of renters insurance is that you don't have the responsibility of collecting money from someone else if they cause the damage to the apartment or home that your renting. Let's say your apartment flooded after your upstairs neighbor left the bathtub running.
If your car was the only thing that was damaged in the incident, taking it to an auto body shop and asking for an estimate is important. This will help you determine whether to file a claim, pay for the repairs yourself, or live with the damage. Some have said that if the damage will cost under $1,000, that it might be a better idea to fix it on your own rather than filing a car insurance claim.
We mentioned some exceptions to the rule of filing claims in every case where the cost of the repairs exceeds the deductible amount outlined in your policy. The rule of thumb here is too try and decide what filing a claim is going to do in terms of increasing your future premiums.
The next step is easy, especially because we all seem to have smartphones. Take photos and video of the damage and losses. This will be great evidence to have for the insurance company. Read over your policy so you make sure you understand what your rights are and what you are entitled to. This next step takes a little time, but is worth it: itemize your property.
This way, you have all the back up you need to avoid being stuck with the bill. The last thing you want is to have to file a claim with your car insurance company for an accident that you did not cause in the first place. You will be stuck paying your deductible and perhaps with a higher premium moving forward.
CNC Insurance offers all types of insurance. If you are in the Frisco area and need car insurance or any other type of policy, give us a call today.
About the Author:
CNC Insurance Brokerage Services is in the business of covering every aspect of your life with quality and affordable insurance coverage. CNC offers you a central hub for yourlandlord insurance , auto, life, renters and every other insurance need you have. CNC services families and businesses in Frisco, Dallas, Plano, McKinney, and their surrounding communities. We pride ourselves in giving you the best bang for your buck. We go to work to protect your assets for you at a price that fits your budget.
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