The Car Insurance claim might make you upset when you are applying for the claims. Especially when you cause any car accident damage, this special insurance type will help you save your money. You pay least while claiming the insurance.
The process of insurance claim is not so clear with many individuals and they end up loosing the money which they could save. You have to be very particular while selecting the insurance of your vehicle. Many of the plans attract you with the less premium amount, but when you really need the insurance benefit, then they come up with the hidden charges.
Understand the Insurance Claim Process if you cause the Car Accident:
It depends whether you were at fault during accident or you were caught in an accident. If you are caught, still you are fine, but if you cause the accident, then it depends on your insurance provider whether such terms are valid for you or not. Most of the places, especially states in US like Michigan, follow the rule that who so ever is at the fault, both the parties will get the insurance benefits. But some regions ask you specifically to chose the same while applying for the insurance. Meaning you can actually opt if you wish to get the claims if you are at fault at accident. This will help you minimise the cost of the insurance premiums.
This is very helpful in case you do not drive much but just move your vehicle in a safe driveway or if you are driving it in a closed proximity where you are in control like in office spaces or something like that.
Understanding the Term Accident just like the car insurance understands it:
Now you are checking for details, but the important thing to note is that What is an accident that comes under the insurance terms:
When you are applying for the claim, you should know when can you apply the claim for an accident. Yes, suppose if you parked your car in non parking zone and somebody hit that with a vehicle. You might think as a car accident, but the insurance company will not.
So, if you hit a person, with your car, and you find that it is not an accident, you can simply avoid him initially itself. But if it is a car insurance claim for sure, you should proceed.
In short, a loss caused to a vehicle which is subjected to unlawful actions is not considered as a Car Accident by the insurance companies.
A Car accident is considered as a No Fault car accident if:
- The reason of the accident is something natural like animals, birds or water.
- If the car is parked in a proper parking area and is hit by another person.
- Somebody hits your vehicle from the back and you are driving as per the traffic rules.
- Hit and run cases which are reported within 24 hrs of the incidence.
Type of Car Insurance that will require you to pay the least if you cause a Car Accident
There are many types of insurance, but to broadly classify the type of insurance when it comes to fault of the driver or survivor, you can consider the insurance types as:
High Deductible Insurance Plan
Low Deductible Insurance Plan
To understand these 2 insurance, first you should know What exactly deductible means.
Deductible is the amount that you agree to pay to the insurance company when you apply for your claim. This means, that suppose in case of the accident, you get your car doors damaged. The insurance company agrees to cooperate for the repair cost. In this case, a low deductible insurance will expect you to pay lesser amount in the total repair cost. Rather a high deductible insurance plan will make you pay a higher amount of the deductible.
The low deductible insurance will require you to pay lesser amount to the insurance company if you cause an accident.