Car Accident Insurance Coverage


Posted February 10, 2017 by crowsonlaw

This article discusses the different insurance coverages that will assist in paying for damage done to your vehicle after a car accident whether or not the accident is your fault.

 
If your vehicle was damaged as a result of a car accident, you most likely want to know how to go about repairing it and who will pay for these repairs. The first thing you ought to know is that in any state the insurer will pay for repairs. However, the insurer is limited to paying only the amount up to the policy’s limit, regardless of whether the accident happened in a fault or no fault state. The responsible insurance company will pay for your vehicle damages up to the policy limits. So, for example, if Derek was at fault for his accident with Mary and the damage to Mary’s car is worth eight thousand five hundred dollars ($8500); but Derek policy only covers up to five thousand dollars ($5000) of property damage – Derek’s insurer will only pay five thousand dollars ($5000) toward Mary’s vehicle repair costs.

In instances where the vehicle repair costs go over the value of the vehicle an insurer will often declare your car ‘a total loss’. Once your car is declared a total loss the insurer will pay you the fair market value (Blue Book value) or the “actual cash value” of the vehicle and take your car. A source stated that, “the reason why this is done is because the insurer is only required to pay for damages up to the value of the car and not beyond that. Also, another factor is that with any type of property claim the amount of the claim is based on the value of the property at the time of the accident and this has nothing to do with the price originally paid to purchase the property.”

Policy Collision Coverage –collision coverage basically ensures that you are reimbursed for your vehicle damage if the other driver did not have enough insurance to cover the damage to your vehicle. Collision coverage can also come into play if you are at fault for an accident. However, if the other driver was at fault and has enough insurance coverage you would not need to make a claim against your collision coverage.

Comprehensive Coverage – this is coverage for vehicle damage that happens when a car is parked at the time the accident occurred; it includes both car accidents and other damages, like a tree falling on your car. It is similar to Collision Coverage in that if the driver does not have enough insurance coverage, you could claim against your comprehensive insurance coverage. For such accidents, there is no need to prove fault as the general assumption is that the driver who hit a parked car is at fault.

In instances where you were at fault for your own vehicle damage, you can either pay for the repair work on your own or claim against your insurance policy’s collision coverage. However, it is important to note that such a claim may increase your insurance premiums.

If you disagree with the insurer’s final amount for the damage to your car you can consider [b]looking for non-injury car accident lawyer[/b] to assist with filing a lawsuit.

[b]About the company:[/b]

The Crowson Law Group is a law firm of renowned professionals with experience in matters relating to car accidents both with respect to personal injury and non-injury. Contact the [b]Crowson Law Group[/b] for more information.
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Issued By Crowson Law Group
Website Car Accident Insurance Coverage
Phone 9076779393
Business Address Crowson Law Group
637 A Street Anchorage, AK 99501
Country United States
Categories Business , Law , Legal
Tags crowson law , crowson law group , crowsonlaw , noninjury car accident lawyer
Last Updated February 10, 2017