The Most Common Insurance Claims
As a driver on the road, you should be knowledgeable as to what kind of insurance claims are filed to your insurance company. Just gives you some insight as to what you should look for how to get auto insurance. Your auto insurance premiums are also heavily affected by any damages done to your vehicle, read more about what is behind your auto insurance premiums each month here.
We’re going to give you a little bit of a breakdown as to what are the most common types of insurance claims filed in the United States. Of course, depending on what state you live in you can be subjected to one more than the other.
Accidents like these are where the damage is done, but it’s very minimal. Usually, it’s just cosmetic, and there’s no personal injury that is attached this. They’re very common and your insurance company doesn’t have to pay much out-of-pocket to fix your vehicle. Although if you file a claim against the small accidents be aware that you’re insurance premium may arise. You have to remember these type of accidents happen so often that your insurance company may increase your premium. To avoid such matters is recommended and Driver should pay for the damages out of pocket windshield damage. Suppose you’re driving on the highway and your behind a truck and a rock kicks up it’s your windscreen and boom cracks it. These happen all the time which is why it’s good for you to have comprehensive insurance. Comprehensive insurance is there to make sure that your vehicle is repaired during situations like this.
Depending on the state you live in, these types of Damages can be rampant. Suppose you live in a coastline where hurricane season is, you can get hail and flood the damage your vehicle. In most cases when you call the insurance company and file claims like these, your vehicle is most likely deemed totaled. Most of the times you can get a payout for your vehicle, but it is recommended that you take that extra step to make sure that your vehicle is safe during situations like this.
Batted, Keys, broken into you name it these are all forms of vandalism. Depending on the area you live your vehicle can get vandalizing quite often. If you have comprehensive insurance you don’t have to worry, your insurance company will take care of it. Although like we mentioned before if you live in an area where vandalism happens quite often, filing vandalism claims against your vehicle can actually increase your insurance premium. So be careful where you park and make sure that your vehicle safe.
You may not believe this, but a lot of claims that are filed are due to the fact that drivers collide with inanimate objects. Drivers collide with Street lamps, fence posts, garbage cans you name it. And yes it may be hard to believe how something like this can happen, but the supposed driver went on spirited driving lost control on a sharp turn and went straight into a Street Lamp, or suppose a slipped on some black ice while they’re driving. Regardless of which make sure you have insurance to cover this.
This isn’t a joke, and it’s actually one of the worst types of pain one can get. Usually, this happens with rear-end collisions, it catches you by surprise and you can’t really do anything about it. So make sure you have medical coverage to assist when you’re in this position.
If you have comprehensive insurance and your vehicle was stolen, don’t worry you get reimbursed for it. Although the only thing that’s a bit discouraging on this front is that you won’t be reimbursed for the full amount that you paid for the vehicle, you’ll be reimbursed for the market value. So for example, your vehicle cost you $100,000, but right now it’s only worth $80,000. You’ll have a loss of $20,000 out-of-pocket. Now if you’re in a situation where you’ve either financed or leased vehicle, you’d have to pay out the remaining $20,000 towards the vehicle. This is where something called gap insurance will come into play, you should definitely look into this to make sure that if you’re in a position where you have to pay any excess amount towards a vehicle you’ve owned gap insurance will help.
Depending on the car you drive the costs for repairs can be marginally different. Safety features to the make and model affect your premiums drastically find out more about why the vehicle you drive affects car insurance.