Car insurance allows those involved in a car or truck accident to obtain the financial resources necessary to handle costs incurred for injuries and vehicle damage. The types of damages involved can be extensive depending on the nature of the crash. As a result, it is vital to have the necessary coverage when it comes to auto insurance. Cabot, AR drivers and passengers who become victims in a vehicle accident should have a basic understanding of the process involved when filing a claim for coverage.
What to Do After the Accident
After an accident takes place, it is important to begin the claims process as quickly as possible. Getting in touch with your insurance company is the initial step. Your insurance company will look into the events and compile all the information necessary regarding your claim. From that point forward, the claims adjuster will handle the claim itself.
The Work of the Claims Adjuster
A claims adjuster works through the details of the incident and with an accurate understanding of your auto insurance coverage determines fault for the incident to one or more parties. The adjuster also is responsible for making compensation payments on the claim in accordance with your policy. These professionals work with various individuals on the case, including accident witnesses, the police, and others involved in the crash in order to arrive at a final decision regarding the claim. Once the adjuster has performed the required investigative activities and reached a settlement decision, he or she will make compensation payment(s) to the insured person(s) based on insurance policy coverages, limits, and deductibles.
Insurance companies will not make payouts for items that are undamaged. They only pay out compensation for specified damage that has occurred as a result of the accident.
Receiving a Claim Payout from the Insurer
In accordance with the deductible specified in the auto insurance policy, the insurer will pay out the amount on the claim. As an example, if your deductible is $500 and the insurance company determines vehicle damage to be $3,500, the insurance company will send you a check for $3,000.
An independent insurance agent can help you obtain a policy that accommodates your needs and helps you save on the cost of insurance.