No one plans for an accident; however, statistics show that most people will have one every thirteen years or so. Because it’s not an event that happens on a regular basis (hopefully, anyway!), those involved in an... accident are confused who to contact and whose guidance is best.
No one plans for an accident; however, statistics show that most people
will have one every thirteen years or so. Because it’s not an event that happens on a regular basis (hopefully, anyway!), those involved in an... accident are confused who to contact and whose guidance is best.
Most people assume that because they have paid into their insurance
company for so many years that they will take care of everything, so they will call them first. Depending on your insurance policy, many things may be covered; but what people forget is that there are many additional coverage that goes on top of the basic insurance which you can purchase. With these additional coverage, it can go a long way in avoiding the headaches of having your car repaired. You wouldn’t go to a loan shark for financial advice, so why would you talk to you insurance company about a fair settlement for repairing your car? Here are some things you want to ensure you have on your policy in order to get the best results if you have a claim.
Collision / Comprehensive coverage
When purchasing your vehicle’s insurance, many people do not know that the collision / comprehensive coverage is an option. Fixing your vehicle can be expensive. Collision coverage helps pay for your vehicle repairs, towing, storage and more, even if the crash was your fault. Comprehensive coverage will cover the loss / damage of your vehicle from causes such as theft / vandalism and also to a simple rock chip on your windshield.
OEM ‘Replacement Cost Policy’ endorsement on your auto policy means that you are paying a little extra to ensure that you are receiving a guarantee that the repair shop use original manufacturer parts for your car, not generic aftermarket parts. If you do not choose this option, the wording in your policy will probably say that you agree to recycled and/or aftermarket parts unless none are available. Note* This policy though can only be purchased for newly purchased vehicle.
Many people raises their deductible to $500 or even higher to save money each month on your policy. However, if you have a decent driving record and at least five years of driving experience, it’s unlikely you will save that much to make it worth it. You also need to consider there is a possibility that you may end up paying two deductibles. If you had prior damage you didn’t claim, you will have to pay the deductible to fix the old damage and then the new deductible for the new damage.
Did you get the extras?
Many companies offer bonus coverage with Collision and Comprehensive such
as roadside assistance, towing reimbursement, and rental car coverage.
Very often these extras only cost you a few dollars extra each month, but are worth hundreds if you should have to use them. If you are a one-vehicle household, it would be a huge hassle to not have rental coverage. While your car is in the shop for repairs, rental coverage will pay up to the daily limit for a rental car and cover it as they would your own vehicle.
Speaking of repairs, here is an important tip to keep in mind when you are negotiating for a claims settlement and repairs. If you already have a relationship with a Vancouver ICBC Auto Body Collision Repair Shop call them first.
An honest auto repair specialist is worth his or her weight in gold. Make sure you get their advice. If they are an above-board business, they already know how to ensure your claim is entered and received properly with an accurate estimate.