You might be reluctant to report your motor vehicle accident to your insurance company if it was caused by a negligent driver. You might not see the need to notify them if you plan to file a claim with the at-fault motorist's insurance company, or you may be worried that your insurance rates will increase. However, you should contact your own insurance company right after your collision. Here are three reasons why this is important.
#1: It's Required by Your Policy
The first reason you should report your motor vehicle crash to your insurance company is that your contract with them requires it. In addition, you only have a short time to notify them of the crash. If you breach this contract clause or wait too long to contact them, you may waive your right to file a claim if it becomes necessary.
#2: Damages to Your Vehicle May Be More Expensive
If you are filing a claim with the negligent driver's insurance company, you may have to pay for the cost of repairs to your own motor vehicle if they will not make you a fair settlement offer—which is common in these cases. The repair bill could be much more expensive than you thought, and you may not be able to afford to pay it.
If you had contacted your insurance company after the collision, they would arrange for repairs and pay for them. They would then be reimbursed by the at-fault driver's insurance company for these costs when you settle your claim.
#3: You May Need to File a Claim
Even if you were not to blame for your motor vehicle wreck, you could still need to file a claim with your insurance company in order to receive the full value of your claim. Here are two situations when this may be necessary:
- The negligent driver had no liability insurance coverage.
- The at-fault motorist had insufficient insurance coverage to fully compensate you for your injuries.
It could take you weeks or longer to determine that the other driver does not have enough insurance coverage to pay you for all the losses you incurred. You protect your right to file a claim with your insurance company by complying with your contract and reporting the accident right after it occurred.
Have You Been Injured in a Kansas City Area Motor Vehicle Accident?
If you've been injured in a motor vehicle accident, you need to speak with an experienced motor vehicle accident lawyer as soon as possible. It will cost you nothing to hire us because we handle these cases on a contingency fee basis where you only pay us if we win your case. We will also front the costs and fees you could incur. Contact us online or call our Kansas City office directly at 816.471.5111 to schedule your free consultation.