AUTO INSURANCE CLAIM- WORTH IT? HELP NEEDED FROM SOMEONE WITH EXPERTISE IN AREA. ?

Jun 8th, 2011
by admin.

I WAS IN AN ACCIDENT WITH NO WITNESSES AND NO POLICE REPORT EVEN THOUGH THE DAMAGE CLEARLY SHOWS (AS STATED BY MY INSURANCE ADJUSTER) THAT I WAS NOT AT FAULT THE INSURANCE IS SETTLING WITH HIS COMPANY TAKING CARE OF HIS VEHICLE AND MY INSURANCE TAKING CARE OF MY VEHICLE. SHOULD I PROCEED MAKING THE CLAIM FOR REIMBURSMENT BECAUSE THE ACCIDENT IS ALREADY ON RECORD? OR WOULD IT BE BEST FOR ME TO NOT ASK FOR REIMBURSEMENT? AS I KNOW INSURANCE IS SAID TO INCREASE BASED ON CLAIMS HISTORY? ALSO HOW LONG WILL IT TAKE BEFORE THIS INCIDENT IS REMOVED FROM MY INSURANCE RECORD?

Posted in: Auto Insurance.
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2 Comments

  1. Kizzy says:
    May 23, 2010 at 8:26 pm

    Need more info…

    Is your adjuster settling with the other party because they’ve decided your at least some percentage at fault? This is what it sounds like. This is a common practice when there’s a dispute in fault. If the adjusters can’t come to an agreement and the claim is not large enough to go to arbitration, they can agree that each pays 50% of damages.

    As for reimbursement, the claims already there so you should request reimbursement.

    The incident is never removed, your insurance company with have a records of this for years to come.

  2. oklatom says:
    May 23, 2010 at 9:16 pm

    If the other person is clearly at fault, you can tell your insurance adjuster to request a refund of your deductible (I assume that is what you want to be reimbursed) from the other company.

    3 years, usually, but a non fault accident won’t have any negative effect on your rates.

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