After an accident, it is important that all drivers involved report the collision to their respective insurers. This should be done as soon as possible. Drivers must also report the accident to the police. And they should get details of the accident, including the police report and the names of any witnesses. Finally, they must exchange insurance information with other motorists involved in the accident.
Following a claim, the insurer assigns him a claims adjuster. The expert will investigate to determine:
- Who was responsible for the accident
- How much will the repairs cost
- What other losses will be covered by the insurance
If there were multiple parties involved, insurers will determine who is responsible for the accident. In some states, accident victims recover compensation for injuries and property damage from the at-fault driver’s insurer. In others, damages for minor injuries are paid by each driver’s insurer, regardless of who caused the accident.
The insurance company responsible for payment will make an offer of compensation for damage caused by a car accident. Drivers may have the option of accepting the proposed settlement or filing a personal injury claim against the motorist at fault.
If the driver’s own insurer pays compensation, the driver will have to pay the car insurance deductibles. And the compensation will be capped at the limits of the policy. Depending on a driver’s level of coverage, the insurer may pay for:
- Repair of a vehicle or fair market value of the car if it is declared a total loss
- Reimbursement of the rental car
- Lost salary
- Medical payments
- Repayment of any remaining auto loan balance if the vehicle is worth less than the amount owed