July 13, 2020
Personal Injury Lawyer
Being involved in a motor vehicle accident is not fun for many reasons. The physical agony, the mental agony, and the financial burden it causes can affect so many different things. One of those things is our car insurance. Usually when a motor vehicle accident is report it to an insurance company the monthly premium is increased. This causes many people to avoid reporting a motor vehicle accident that they were involved in. In most cases if there are no serious injuries many people may think there is no need to inform the insurance company. And even more cases if the damage is not severe to the vehicle people may feel it is unnecessary to contact Their insurance company. This is not entirely untrue but there are some things to take into consideration when making this decision.
Before deciding to keep your motor vehicle accident away from your insurance company make sure you review your car insurance policy. In many cases, which policyholders do not know, your car insurance policy requires that you report the accident to them. In some cases you feeling to report an accident would affect you even more than the accident itself. Sometimes both involved parties come to an agreement amongst themselves in regard to any damages. However, these agreements are not obligations. So now you have to think of what happens. Should that person not uphold their end of the bargain and you are forced to then report your accident later to your insurance company that could affect you more negatively.
Unfortunately, it may cost you more to not report your accident to your insurance company. The increase in your premium may be less than the cost of any repairs. Failing to report the repairs means that you will have to pay for them yourself. These are ways that feeling to report your motor vehicle accident to your car insurance company can affect you. Being involved in a motor vehicle accident with another party can make this very complicated. Your smartest and best option will be to contact your car insurance company and discuss what your options are regarding your premium and having any damage is covered regardless of who was at fault.
If you or someone you know was involved in a motor vehicle accident and are unsure as to whether they should contact their insurance company, contact a personal injury attorney, like a personal injury attorney in Dekalb County, GA from Andrew R. Lynch, P.C. By speaking with an attorney you will learn what your legal options are and also see if you can seek compensation for any damages from the other party.