The first and most important rule is never to lose your temper. If you take the behavior of the insurance company or the claims adjuster personally, you will just make difficulties for yourself. Try rational argument first. If this fails, ensure you do not prejudice any appeal you may make against the insurer’s decision. To get into the right mindset, understand the role of the adjuster. This is an employee of the insurance company. He or she does not represent your interests against the insurer. Indeed, the terms of employment probably give the adjuster a direct financial incentive to force the lowest possible settlement figure. Remember the insurance company is not trying to cheat you. If you look at the insurance industry’s PR mission statement, it aims to keep all the policyholders happy. If too many get upset and begin to complain or move their business to other companies, individual insurers lose out. So they actually want you to be as happy as possible while still accepting low settlement figures. In the larger frame of reference, adjusters are allocated a given number of open claims at the beginning of each quarter. They are expected to have a higher clearance rate and to bring the total settlements in under a target. This allows then some discretion on individual cases but they do not have the time to investigate every case. So you need to get your adjuster on your side by presenting a very professional information pack with everything properly described and explained.
Suppose, for example, you think the adjuster may total your vehicle rather than authorize repairs. Look up the blue book value of your vehicle and check round the local garages for the same make and model on sale. You need clear evidence of the current market value. Now look at the repair quotations. The majority of insurers aim to total a vehicle if the cost of repair is more than 70% of the market value. One of the key factors in the decision will be the value of your vehicle when broken for spares. If you have new tires and everything is in an excellent condition, the insurer will get a good price on salvage. Now look at the projected costs of replacement parts and labor. If you think any of these prices are too high, get evidence — list prices for spares and alternate quotes from reputable garages who will do the work for less. Do not allow yourself to be rushed into a settlement. If you find yourself under pressure, step away and arrange for the negotiations to continue on an another day.
The car insurance claims process is designed to push you into accepting low-ball settlements. Although the theory says this will keep car insurance rates low, the actual motive is to maximize profits. If you think the negotiations will fail and a dispute will follow, get car insurance quotes from the other insurers to see whether you can move at an economical rate.
Insurance coverage for vehicles is as varied as the vehicles themselves. It is always best to understand the different types of insurance for your vehicle so you'll know what you will get in case you got into an accident. The law also requires that anyone who owns a car must have an insurance. The premium that you will pay largely depends on several factors like your gender, age, make and model of your car, and more.
Car insurance is one thing that all car owners should have. While not everyone wishes that they will use it, the knowledge that insurance covers you and your vehicle for any accidents will give you peace of mind while driving. Vehicles' insurance coverage does not only include payment for the damages on the car but an assurance for your medical fees as well. Properties that are damaged by the vehicle involved in the accident are also covered. In short, insurance coverage for cars protects the owners from unwanted expenses that may be incurred should an accident happen.
Car insurance premium can really burn a serious hole in your pocket. There are, of course, ways on how you can keep your insurance premium low. The best way to do it is to properly maintain your vehicle and keep it in tip-top shape. This would ensure that your vehicle is always running at its best and will reduce the chances of accidents. In most accident cases, 5% of these incidents are caused by faulty engines or tire blowouts—situations that could have been avoided with the right car maintenance.