The amount of money you receive for an auto insurance claim depends on the specific policy you have with your provider. It also depends on a number of factors, including how much damage has been done to the car and who is found to be at fault. Here are some of the criteria used when determining how much money you receive when you file a claim:
Who is at fault? It’s the age old question when it comes to filing claims, and certainly the most important. In order to determine who is at fault, an insurance company will often hire a claims adjuster to assess the damage to your vehicle. Adjusters can often tell who is at fault by looking at the vehicle damage to both cars. Police reports may also be taken into account. Insurance adjusters will use specific data like the speed drivers were going and whether or not any laws were broken to help determine fault.
Injuries caused by the accident must be verified by your insurance company adjuster. How long you wait to seek treatment can be a factor. This is why it is so important to seek medical treatment directly after an accident. Often times, injuries will not present themselves immediately after a crash. To avoid accusations of fraud, you should seek medical help immediately after an accident, even if you feel alright at the time.
Unfortunately, people use injuries for insurance fraud all the time, so don’t be surprised if your adjuster asks a lot of questions. Keep calm and give them the facts.
How much you pay in medical bills and how much time you lose from work play a factor in claims. If you are self employed and work from home, you may have a harder time proving lost wages, and may need to hire a financial expert to help you. You should also get an estimate on any damage done to your vehicle.
Some damages caused by an accident may not be apparent directly after the accident takes place, but may present themselves down the line. It is important to work closely with your insurance adjuster to assess all damages. Don’t be afraid to get letters from doctors and financial planners to help you in the claim process. You may even want to hire an attorney if you are unable to receive compensation for damages and losses.