The Proper Way To Perform An Auto Insurance Claim Settlement
If you’ve been involved in an accident in which the other party is at fault, chances are you will need to make an auto insurance claim settlement. This settlement will be derived from the total sum of all the damages you have incurred because of the accident including: property damage to your vehicle, hospital bills, and any other outstanding financial damage you have incurred. Most people think that you simply hit up the other party’s insurance agent with some arbitrary amount that you calculated but in reality an auto insurance claim settlement is much more intensive. For related information on submitting an auto insurance claim settlement, click here to visit auto insurance quotes Baltimore for free information.
The most important thing to keep in mind when dealing with an auto insurance claim settlement is leverage. Leverage is the key to winning this game and emerging from the situation successfully. What I mean by leverage is having all the necessary documents and facts to back up whatever claim you will be submitting. If you state that it cost your vehicle $15K to repair, be prepared to fork over official documentation from the repair shop thoroughly detailing every line item of work that was performed on your vehicle. If you went to the chiropractor 7 times because of consistent back pain caused by the accident, please believe you will need to furnish paper work outlining all of your visits if you want the claim to be legitimized.
Once you have all your documentation organized and ready for submission, you can reach out the claim adjuster and work with him or her to come to a reasonable claim amount that satisfies both parties. Although you will probably have included the documents in your submission, these are some common pieces of information the adjuster will request from you:
- Medical bills related to the accident
- Medical report
- Employment documentation if you have missed time at work
- Miscellaneous proof of all other expenses
The more information you have readily available the more likely you will receive an auto insurance claim settlement in the amount you deserve.
Another thing to keep in mind when dealing with this situation is patience. Sometimes the other party’s insurance adjuster will make a quick upfront offer and will request a timely response before you have even had a chance to think about it. What they’re trying to do here is to catch you off guard in the hopes that you’ll accept an offer lower than what you rightfully deserve. But, if you are patient and take your time to collect all your bills and add up your expenses, you will be able to make an educated decision on the exact dollar amount that you are rightfully owed.
The aforementioned facts are simply a few things to keep in mind when you have to make an auto insurance claim settlement. There are other factors to consider, and you can click here to find more information about performing an auto insurance claim settlement at Auto Insurance Quotes Baltimore. It is my sincere hope that you will never be involved in an accident, but if you are I am even more hopeful that you will be prepared in dealing with the aftermath. Thanks, and safe driving!
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