After all the repairs done and medical care is completed, you have to negotiate with the insurance adjuster before I can forget about the car accident calmly. Party appraiser has two tasks: assessing damage caused by an accident and negotiate payment fee car accident insurance claims as small as possible for you. Although generally appraiser will estimate the cost of car accident insurance claims payment with fair and honest, understanding how such payments are calculated can help you get the best compensation. After all the hassles and pain suffered as a result of an accident, you deserve a fair deal.
Calculating Financial Losses
Understand the basic factors involved. Because of the wide variety of insurance policies and patronage detail, difficult the set ahead of time exactly how insurance companies will calculate the payment of claims to you. The situation of each car accidents are not the same, so it can not implement any standard mathematical formulas. However, there are several factors that are usually used to calculate the payment of car accident claims, include:
- The type and nature of damage to property.
- Is there an injured party.
- Insurance policy limits.
Assess the damage to the vehicle. Generally the car accident involving damage to property or goods to one or two cars were involved. The insurance company will offer a payment towards the cost of repairing your vehicle.
For example, if the rear bumper of your car dented in the accident, the insurance company will pay the claim of the bumper repair costs, including the costs of mechanics. The insurance company may also require you to use services of their mechanics who have been “approved”, to ease the payments directly to the mechanic. Alternatively, the payment to you less but you are free to choose and pay for their own favorite mechanic.
Realize that your car may be damaged totally. If the cost of repairing the car exceeds the claim payment to you for the value of the vehicle is concerned, the insurance company will consider the incident as “totally destroyed” and paid to you according to the value of the car.
The value of your car is a depreciating value or decreased, with factors including the age and mileage of the vehicle has passed. The depreciation value will never approach the price of a new car, and likely even less than the cost you would pay if the car was bought by installments.
Understand negotiating personal injury. First of all, know that compensation for personal injury is usually calculated separately from the car damage claims payment. The insurance company will consider:
- Medical report.
- Losses due to accidents documented cost complete.
- The nature and severity of your injury.
Be sure to ask for compensation for the pain and suffering you, if it can. Your best bet is to consult with an injury attorney to ensure all claims medical expenses. But of course the pain and suffering you can not be measured, especially in the form of demand compensation for the inconvenience of the past and the future will continue to suffer casualties from a car accident.
In order to receive compensation for “pain and suffering”, you must have completed medical care or being able to give an approximate value of the doctor concerned about sustainable medias costs that will be charged in the future.
For example, if a person is diagnosed with chronic pain from a car accident, payment of insurance claims should include extra compensation for all medical costs related to maintenance performed plus compensation if there is a permanent condition.
Do not be too quick to accept the offer of payment of claims. You will only receive one payment claim for the entire cost of personal injury, so if you receive offers before completing the entire medical care, you will not be able to file a claim for a surcharge. We recommend that you hire a lawyer to oversee the payments injury claims.
Make sure if you stay in the “no fault”. Some areas of the state determines that the car driver is not responsible for injury treatment costs, even if it is true he is wrong in the accident. If you live in an area like this, the insurance company will pay up to the policy limit to cover the cost of care and treatment.
Even in the “no fault”, property damage claims paid by the insurance company of the driver who caused the accident. if your car breaks down total run over by people who violate the red light, for example, the insurance company that will pay the cost of repair or replacement of your vehicle.
Talk with your insurance company if you have an accident with a motorist who does not have insurance. Although all riders should have car insurance, there are no remains. If you have an accident due to an insured driver, you can sue him personally to bear the cost of car repairs and medical expenses, or file a claim to your own insurance company.
Some insurers offer supplemental policy to “uninsured motorist”. Consider buying an additional policy to fortify themselves from uninsured motorists.