Another driver thrusts in the side of your car and runs a stop sign, you are down the road. You should check if another car person is okay and call the police. While exchanging information with other drivers, you can see that you have the same car insurance company. If other drivers have the same insurance company, how can I claim it? What are the differences in processes usually? If so, how is it?
To find answers to these questions and suggestions to make sure you are fairly compensated, please read below.
How insurance companies handle accidents when both drivers are customers
In an ideal situation, the insurance company handles the accident between the two. The customer responds fairly and responsibly in the same way as dealing with other traffic accidents. However, this is not the perfect world, and property / casualty insurance companies do not provide appropriate rewards to customers for ultimate profit.
If a car accident occurs and both drivers have the same insurance company, the insurance company must carefully respond to avoid "conflicts of interest". To do so, most insurance companies issue their owners to each driver. The idea is that both adjusters independently evaluate the claims and responsibilities of the accident and present the results to each other after determining the disability.
If both adjusters agree that one of the drivers has failed, the adjuster will process the claim beyond the atofault driver and provide compensation to the other drivers based on the insurance policy.
However, if there are complications about responsibility and if both co-ordinators do not agree on who is in violation, they act as if they are working for two separate companies. Two co-ordinators of the same company never take legal action to make a decision, but rather they will reach consensus among themselves.
Insurance companies often abandon their deductions if they are involved in accidents with other customers to avoid the trouble of handling damages. It is not the best profit for either driver.
An insurance company may issue only one regulator to handle both drivers. Among the complaints, the risk of conflict of interest is high. If this happens, consult a car accident lawyer immediately and try to get fair compensation.
Advantages of having the same insurance
Unfortunately, there are several advantages if other drivers have the same insurance company, as they may first be in an accident.
One is much easier and more troublesome than talking to an agent of another insurance company to talk to the agent of your insurance company. Because you are the customer to pay, the adjusters tend to offer more quick service than if you have different insurance companies.
Secondly, the insurance company has financial incentives to satisfy the customer's complaint, and the customer provides reasonable compensation. In most cases, insurance companies are dissatisfied with payment of insurance payment, and will lose money in the long term rather than paying insurance money instead of insurance payment. Therefore, it is often their best interest to make you happy by paying claims, not the risk of losing you (paying customers).
Finally, if two drivers of the same insurance company get accident, it is possible that the claim will be processed faster than if the accident involves two different insurance companies. Two adjusters who work for the same insurance company and work in the same office can solve the problem simply by walking to another adjuster's desk.
Disadvantages of having the same insurance company
Getting involved in a traffic accident with a driver with the same insurance company can be associated with its own risk. For example, an insurance company may try to protect your earnings by using opportunities without delaying or rejecting your claim unduly or returning a phone call. Or, if two co-ordinators reach the consensus agreement behind the closed door, the company can be forced to escape from being forced completely.
Insurance contracts may also be confusing and insurance companies may try to make the most of their benefits by telling uncertain customers about loopholes that are released from the responsibility of providing compensation.
When consulting a lawyer
If your traffic accident is only a minor property damage and / or injury, you can proceed with the normal procedure. You can submit claims to insurers and appoint coordinators. However, if you suffer serious damage or injury, you must contact a car accident lawyer to bear the fair and reasonable compensation and insurance for your doubts.
