How to determine if accident is worth reporting to insurance company vs. paying the amount yourself?

1 Answer

Answer :

Couldn’t you call your insurance agent/claims adjuster and ask a “Let’s suppose this scenario happened” question?

Related questions

Description : Texas Auto Accident - Which insurance company do you make a claim against?

Last Answer : You call your own company and get a police report.

Description : Is AAA accident insurance a good idea?

Last Answer : Here’s a good source of car insurance reviews .

Description : What is the average insurance payout for a motorcycle accident?

Last Answer : usually medical bills, replacing the bike, and any lost wages.

Description : Can anone help me as to how can I get insurance renewed for my two year old car without paying too much for insurance?

Last Answer : You could go online and do some comparison shopping between direct companies, but unless you either raise your deductible, lower your liability limits or drop comp and collision (not a good idea ... similar premium. Talking to a good insurance agent about your specifics is probably the best idea.

Description : Liability Insurance vs. Full Coverage?

Last Answer : To replace or repair your car if it's damaged or totaled. If your car is not worth very much money the comprehensive may not be worth the expense. If it's worth more than 4 or 5 thousand you ... on Kelly Blue Book and see if the cost of replacing you car is worth the expense of the insurance.

Description : How can I determine if I need renter's insurance? And supplemental questions.

Last Answer : I am not an insurance person, but how would you ever replace your clothes? Think of all the clothes you need to survive including shoes and coats. That would be quite a lot of money. Plus your ... items. It is well worth the money if something happens. It will probably cost around 50.00 a month.

Description : If you have had pet insurance, did you find it worth having?

Last Answer : I looked into it years ago when it was first out and it had all of the crappy exclusions some health insurance plans throw in, like pre-existing conditions, etc. It wasn’t worth it to me. The cost of meds and vet visits was cheaper than the plans.

Description : How should I proceed after getting in an accident?

Last Answer : answer:My guess is he doesn’t have insurance. He’s trying to avoid getting in trouble with the law. However, it sounds like the damage is relatively minor. Maybe you could find replacement bumper at salvage, or on the internet somewhere.

Description : What do I do if I am unable to do my job after a car accident?

Last Answer : What country do you live in? Different governments have different rules on how this type of situation is to be handled.

Description : Boring question #38: Your self-parking car causes and accident, who takes the blame?

Last Answer : answer:You just know this is going to happen eventually. Who takes the blame? Nobody. Who gets sued? That's easy. The party with the deepest pockets. Who benefits? The lawyers, obviously. I'll ... the papers, casework and research, like vultures on a desert rock, waiting for the inevitable slip-up.

Description : How do I get an accident off of my record (besides the passage of time)

Last Answer : answer:Unless you are under the age of 18 (which judging by the law school thing I'm guessing your not), they will never go off your record. BUT, most car insurers no longer count them against you ... insurer may cover most of that bill, you'll make up for it and then some by your increased rates.

Description : What happens when you're the defendant in a civil suit over a car accident?

Last Answer : answer:In short, the other person must sue you before insurance will pay. My mother had to sue my stepfather when he totalled her car in a single-vehicle accident. He didn't have to pay a penny ... the deductible)) but he had to be named as the defendant before the insurance would accept the claim.

Description : In fl, if two vehicles are in an accident and both leave, who is required to pay what?

Last Answer : Call your agent. His rationale that he doesn’t need insurance because he “owns” his vehicle is whacked. You have insurance because the state requires you to have it. Do not give him cash. Florida is a “no fault” state.

Description : Car accident liability? Help!

Last Answer : I found this Excerpt: In some situations both you and the car behind you will be stopped when a third car runs into the car behind you which pushes into the rear of your car. In that case it is the ... liability insurance you would file a claim. Sorry,tf. That is a bummer. I hope you weren't hurt.

Description : Advice for car accident claim?

Last Answer : answer:usually the only way you can get a new car out of an accident is if the car is considered totaled . If the car doesn't run because of the accident and the estimated repairs equal a high ... dealer, then you could get money from that company to pay the difference in what you owe on the car.

Description : Can a life insurance company deny payment to someone who has chosen NOT to get the Covid vaccination?

Last Answer : Suicide is defined by intent. If you kill yourself by accident (reckless driving, extreme sports, accidental overdose, etc.), life insurance would likely pay out to your beneficiaries. If there is evidence ... not their intended outcome - so, no. (All this courtesy of my law school graduate wife)

Description : What insurance company covers OEM parts?

Last Answer : I don't know if there are any insurance companies that will do OEM only. Since 1970 most insurance companies can insist the will only pay for aftermarket parts, OEM differences are paid for by the ... importing parts for VW, Toyota, Datsun and others; we were making a killing at the body shops.

Description : Have you heard of an insurance company doctor doing this?

Last Answer : Did he work for their insurance company? There is something missing in this story; it sounds very bizarre. Did she question him before letting him stick needles in their toes.

Description : Why would a US company want to provide health, or for that matter, any kind of insurance?

Last Answer : We provide it because it is the right thing to do. As a result, our most recent hire was more than 10 years ago. We take care of our employees and our employees take care of us.

Description : Can anyone suggest a good company for bike insurance?

Last Answer : answer:Talk to your friends and family about whom they use to insure their homes and cars. Then talk to the people who own or manage your local bike shop and ask them who the recommend and what details to include on the policy. Theft and personal injury?

Description : Help! Who is the best insurance company to use? This is highway robbery!

Last Answer : You need to call several companies and ask for quotes. The rates depend on so many different factors, the only place you will receive accurate information is the agent.

Description : Can an insurance company cancel your policy or raise your rates after a roof claim?

Last Answer : answer:I had wind damage from a tornado and Nationwide replaced my roof and my rates stayed the same. You should not have this problem of your rates being raised, just because of a claim that was created by an act of God. Read your policy.

Description : What's the advantage of buying insurance from a broker instead of the insurance company itself?

Last Answer : An independent agent or broker will work with different companies to get you the best coverage. Working only with the company, you can buy only that company's products. The independent agent may ... around and compare prices; just make sure you are comparing apples to apples in terms of coverage.

Description : Can you get (cheaper) car insurance for a rental car? I.E. Not from the rental company?

Last Answer : If you own a car, ask your insurance company if your insurance covers rentals.

Description : Whats the best company to get term life insurance through?

Last Answer : Find a broker either locally or online. Just watch the rating….AAA rating is what I shop. Don’t quote me but “I think” my broker got me on board with Pacific Penn Life Insurance.

Description : Why would a health insurance company not want to pay for something that will save them money in the long run, even if they have to pay in the short run (for example weight loss surgery)?

Last Answer : answer:We’re asking why anything insurance companies do makes sense? They’re a company that profits off taking money from people that can’t afford it, and telling those same people they don’t deserve to be treated for their illnesses. They are, indeed, the scum of the universe.

Description : How do you "prove your belongings" to your insurance company when your house burns down?

Last Answer : I believe your policy includes a mathematical method of calculation. What they do suggest is walking around your house and videotaping all of your items, artwork, camera equipment, etc. and storing that video ... Anything you own that has a value of over $1500 should be covered by a separate rider.

Description : What is the best insurance company for renter's insurance?

Last Answer : If you talk to your car insurance agent he can usually give you the best deal because you give him the business for both.

Description : If someone hits my vehicle and that person's insurance company writes me a check and I keep the money rather than get my vehicle repaired, is that insurance fraud?

Last Answer : Their obligation is to give you a check if your claim is a valid one. Whether or not you decide to actually fix your car with it is totally up to you.

Description : Any idea on how a health insurance company determines eligibility of surgical procedure recommeded by one's doctor?

Last Answer : I know with all of our daughter's surgeries they have to be pre-qualified. We had a nurse who worked for the insurance company who advocated for our daughter's care at some points because ... paperwork and requests it explaining why you need this, that might carry more weight also. Good luck!

Description : What kind of insurance should I buy from a rental car company?

Last Answer : It depends on how much liability you want to leave with your personal insurance company. this decision is completely in your court... many people buy everything to have no risk whatsoever.. other people take their chances and don't take anything... or take partial coverage, etc

Description : Do you know a good insurance company for pets?

Last Answer : What part of the world are you in?

Description : Have any of you settled with an insurance company without a lawyer?

Last Answer : answer:You can. They are likely to call you. They will offer you a check and ask that you sign a waiver for any future claims. Just make sure that you are confident (medical exam; reasonable length of time) that no future injuries will crop up. I have done it and had it work out OK.

Description : Isn't it about time we forever end Insurance Company discrimination practices?

Last Answer : answer:If we did that, then everyone in the lower-risk groups would pay considerably higher premiums, and those in the higher-risk groups would pay much lower premiums. That would have ... I disagree that the actuarial tables are meaningless. They are constantly updated to reflect current trends.

Description : Chiropractor vs. Physical Therapist, which is better for my condition?

Last Answer : Sorry, small mistake. I experience pain in my left shoulder.The SAME shoulder from the accident. not the RIGHT one. But, anyone had good experience with a Physical Therapist?

Description : Is a life worth $50,000?

Last Answer : Let me see, that’s roughly £30,000, not much for a life but more than enough to invest in a quality headstone. A place to lay flowers & remember a loved one, gives closure at least.

Description : What would you insure on yourself?

Last Answer : My arse .I’d be lost without it.

Description : How long do you carry full coverage insurance on your vehicle?

Last Answer : I drop Comp and Collision after about 6–8 years or when the value of the car is such that it probably wouldn’t be worth repairing if it was damaged. Liability of course, you keep forever.

Description : Do you have pet insurance?

Last Answer : What company is doing pet insurance?

Description : What's the best way to obtain insurance for a first-time car buyer?

Last Answer : Have her get quotes from AAA, State Farm, and Geico. All will give you free quotes. Has your daughter been on anyone else's (yours) insurance? That insurance will happily give her a rate based on moving ... on my policy so she could give it to the agent, even though she was coming off my policy.

Description : How to sell "security" technologies to banks, insurance companies or FinTechs (tips and tricks)?

Last Answer : Is the methodology to reach out to decision makers and interview/survey them? or simply glean insights from experienced insiders with knowledge of this process? Those seem like excellent questions, and ... on that to look for patterns such as seasonality or correlations with data breaches etc.?

Description : Is it insurance fraud to have insurance but choose to self pay for medical services?

Last Answer : That’s a stupid computer system. You are not required to use insurance if you don’t want to. If you want to pay cash, that’s your choice, not theirs.

Description : Find old insurance policy information?

Last Answer : Good luck. You might find evidence of this in corporate records, if they still exist. But no insurance company would pay out on the basis of that sort of evidence. If it's flood insurace - that's ... (fire, theft, etc.) is likely long lost, since the policies would have expired 50 years ago.

Description : My iPhone was stolen and my insurance has not yet provided a voucher number. How do I procede with this?

Last Answer : All cell phones can be traced. Get your cell phone provider to track its location. This should had been the first thing to do as well as talking to the security at the store for video of the theft ... would be suspicious as to who was telling you to purchase a new one and then yours is lost? hmmmm

Description : Does health insurance cover aides coming to your house?

Last Answer : No, not normal insurance. Health aides are covered for a period of time (change dressing, take BP, administer medicines). Housework like cleaning, cooking, etc. – is not covered by normal health insurance. You can get supplemental (Aflac and such) that will cover other services, but that’s extra.

Description : Do motorized wheelchairs need insurance and do the users need a drivers licence where you live?

Last Answer : NO, they're not treated like automobiles more like bicycles so no insurance, no drivers license & no tags. They are also not supposed to be used in the roadway but are supposed to be used on the ... moments. Don't think I've heard of anybody here being run over by an electric wheelchair either!!!

Description : Has anyone applied for the Market Place 2018 (Obama) health care insurance or had it before?

Last Answer : I did it for 2017. I feel like I didn't have great advice from other people when I did. I will likely make too much money and wind up owing money. I knew I would be cutting it close though, ... marketplace and subsidy was going to be my best option, I wish I had had a broader discussion with her.

Description : Can one buy employment insurance privately and not just from the government?

Last Answer : One should never need to buy insurance for unemployment. One can pay whatever one assumes the premiums should be into a savings account - and then draw down on that account during times of unemployment ... your door, and beat it down to buy your product and live off of your generosity forever.

Description : Where can I get cheap home renters insurance , In Canada, for a short period of time?

Last Answer : From what little I know about insurance, it may cost you a lot more than $20 for a week if they would even write a one week policy (the paperwork for the policy and office are the ... should include the insurance and licensing fees which in the USA is hundreds if not thousands of dollars.

Description : Do I still need life insurance?

Last Answer : You might consider having enough to pay off outstanding medical bills and/or funeral expenses.