Learn How Car Insurance Works in an Accident

Understanding how car insurance works after an accident can be very complicated. The fact is that most of us are never prepared at the point of an auto accident. Its important that you understand the insurance process to be better prepared

The claim process is the beginning stage of the insurance cycle. Immediately after an auto accident you will contact your insurance company and open a claim. Your claim will then be assigned to a claim adjuster. The claim adjusters responsibility is to review the details of the auto accident and eventually to make approved disbursements to cover damages and other losses. During the process the claim adjuster will review your policy, auto accident facts, and once again determine the necessary disbursements.

The insurance company will require and professional appraisal for any damage to your vehicle. Once the costs of repairs are ready by the repair shop the insurance company will hold off on any payouts until deductible is first paid. For example, if the body shop estimate to repair your hood is $2,000 and your deductible is $500.00 the insurance company will make payment of $1,500 once repairs are complete.

You have to think of an insurance policy as an investment, and just as important peace of mind. You may never get into an auto accident, but in the event you do you can rest assure that your monthly investment will insure you at the time you most need it.

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