Being part of a car accident is scary. Not only do you have to worry about injuries and damage to your vehicle, but there are financial and legal concerns as well. It’s your hope that your car insurance company comes to the rescue by providing you with all the assistance you require.
While you’re sure to get some level of assistance from your insurer, there’s something to remember: You shouldn’t assume that your agent is on your side. They may act like it, but that’s not always the case.
A car insurance claim mistake can cost you dearly. In addition to lost money, some mistakes have the potential to drag out the process, which isn’t what you need at this difficult time of your life.
Here are a few of the many types of car insurance claim mistakes you need to avoid:
- Providing a statement. It doesn’t matter if it’s written or recorded, you should never do this until you are 100 percent sure of your policy and what you’re entitled to. If you say the wrong thing, even by mistake, it’s hard to go back on it in the future.
- Accepting the estimate of your losses. When you receive this from your insurance company you may assume it’s accurate. You shouldn’t. Your insurer may low ball you in an attempt to save money on their end. While they win big, you end up losing.
- Signing a document before reading it. If you’re asked to sign a document or waiver, even one your agent considers standard, you should read it from start to finish before providing your signature.
- Accepting a check for final payment. When it comes to the insurance industry, final means final. If you accept a check marked as final payment, it’s likely that you won’t be able to seek any additional compensation.
- Taking it easy on your insurance company. You know the coverage provided by your policy, and you shouldn’t let your insurer off by paying anything less. They don’t let you pay less for coverage each month, so you shouldn’t agree to less than what you should rightfully receive.
As long as you understand your policy and legal rights, you can feel confident in your ability to avoid mistakes in the aftermath of a car crash.