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Should you turn in a claim to your insurance company or pay it yourself?
Wiki User
∙ 20y ago
It depends. If you're trying to keep your rates from going up, you'd need to look at your past claims history, the amount of damages from this loss, etc. If this is a minor loss, you can just pay out-of-pocket and be done with it. But, be warned: If you're talking about damages to another vehicle that you caused, you need to proceed very carefully. This is because the other party might take their car to a shop that finds all sorts of supplemental damages once the car is torn down. You would also owe the other party loss-of-use, or rental, which can get pretty pricey. You can always have your carrier handle the damages and reimburse them for any payments, but since you already pay for the insurance, I'm not sure why anyone would do this.
Wiki User
∙ 20y ago
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What effect does a claim has on insurance company?
A claim is a liability on part of the insurance company. If a customer makes a claim it means that the insurance company has to pay the customer for the amount is eligible to claim and hence it is a expenditure on the balance sheets of the insurance company.
What does 'a medical deductible' mean?
That is insurance terminology. It is a portion of a covered claim that the insurance company will not pay and that you have to pay to the doctor or hospital yourself.
What if the driver at fault will not call their insurance company to report the accident?
If the other party is refusing to call their insurance company - then you should call their insurance company and file the claim.
How long do you have to file a car insurance claim with Geico?
You should file your car insurance claim with Geico within 24 hours. You should always call your insurance company as soon as you possibly can.
What if the delay in filing an insurance claim is the fault of the insurance company?
That's not very likely. The insurance company does not file your claim, they accept your claim notice from you. You have to file your claim with the company, not the other way around.
Brother loans sister car. they do not live in same household. sister has accident should insurance cover other vehicle?
Should who's insurance cover who's car??? The Brother who owns the car will have to file the claim with his insurance policy. Insurance follows the car, not the driver. If you didn't have the Sister listed on the policy as a driver the company can deny the claim for material misrepresentation. Then you will have to pay the claim yourself.
What should you do if a claim is never paid?
Contact your insurance company and you can ask for arbitration.
Does the insurance agent submit the auto accident claim to the insurance company or do I ?
It is up to the driver to subit the auto accident claim. You should submit the claim as soon as possible after the accident.
If your insurance company drops you before a claim is settled how do you get insurance coverage on your home?
They should not drop you before a claim is settled. If they have contact your state department of insurance and file a complaint.
Do you need insurance for yourself if all you want to do is practice driving with your dad on a learner's permit?
Your dad should add you to his policy, if you crash during training, someones insurance would need to be responsible, and if you are not on a policy, no insurance company will pay the claim.
How does SafeAuto compare to other insurance companies?
Safeauto is an insurance company based in the United States of America. You can call a free 1-800 number to get quotes, but their website itself has no concrete information. They claim to be the best insurance company for people on a budget, but you should still find out for yourself.
Can I be sued for a bad faith insurance claim?
Usually in a bad faith insurance claim the insurance company is in the wrong. A bad faith claim is when an insurance company fails to pay out what was promised on the claim. More than likely you could sue the insurance company and have a chance at winning your case.
