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Auto Accident Insurance Coverage: Here Are the Steps to Maximize It

Updated: April 17, 2018

Maximizing auto accident insurance coverage is extremely important, especially for individuals who are driving for long distances on a daily basis.

Getting more auto insurance coverage is a way of protecting yourself from the expenses of causing an accident or being involved in one.

Auto accident insurance coverage is offered by companies through various plans, because each customer’s needs are different.

While one customer may only want the minimum amount of liability car insurance, other customers may want liability, comprehensive and collision coverage in their plans.

With any plan, it is important to maximize the basic auto insurance coverage when an accident occurs.

What is Auto Accident Insurance Coverage?

The purpose of auto accident insurance coverage is to protect the policyholder, and other drivers, from the costs associated with car accidents. These costs are related to both injuries suffered by the drivers and passengers, along with damage to property and cars.

As long as drivers pay their monthly insurance premiums, they are protected through the terms of their policy.

Different facets of auto insurance coverage pay for different types of expenses. If a customer gets a significant amount of auto insurance coverage, they are likely covered for medical expenses, property damage, uninsured motorist coverage and liabilities in relation to accidents they cause.

Having some form of auto insurance is legal in most states in America, with each state having different levels of minimum coverage that are necessary. If a driver does not possess this level of insurance, but continues to drive, they are violating the law.

As long as drivers pay their monthly insurance premiums, they are protected through the terms of their policy.

Auto accident insurance coverage also includes deductibles, which is a set amount of money that the insured must pay from their own pocket in the event of a car accident.

Types of Auto Accident Insurance Coverage

Auto accident insurance coverage includes liability, comprehensive and collision coverage. Not all policies have all three forms of coverage, but liability coverage is a legal requirement in many American states.

Collision auto insurance coverage refers to damage incurred to a car through an accident that is the policyholder’s fault.

Comprehensive auto accident insurance coverage pays for damages to the insured’s vehicle that are not incurred while driving. For example, an insured individual’s car is damaged by a tree branch that falls during a thunderstorm. If they have comprehensive coverage, the insurance company pays to repair the car.

Comprehensive coverage also protects the policyholder when their car is hit by another car while parked. The coverage also extends to damage or loss resulting from theft, vandalism or other situations.

Collision auto insurance coverage refers to damage incurred to a car through an accident that is the policyholder’s fault. Meanwhile, liability insurance covers damages and expenses incurred by the other party in relation to accidents that are the policyholder’s mistake.

Auto insurance coverage pays for everything from damage to your vehicle to medical expenses to lost wages. This is why drivers should get the maximum level of coverage they can afford.

Getting the Most from an Auto Insurance Claim

Despite the stresses of a car accident, it is important for insured drivers to remain calm. Immediately after an accident, the driver must do everything they can to maximize their auto accident insurance coverage claim.

Do not make false claims, such as wrongly attributing blame for the accident to the other party, because there is probably at least one witness.

Make sure no one is hurt. If someone is injured or in pain, take them to the hospital. Medical expenses are covered by auto insurance coverage.

Contact the police, assess vehicle damage and do not fight with the other driver. Focus on obtaining their insurance information and assessing how your vehicle looks after the accident. It is advisable to take pictures with a smartphone or camera of every part of the vehicle.

As soon as you get home, write or type up a detailed account of the accident. Do not make false claims, such as wrongly attributing blame for the accident to the other party, because there is probably at least one witness.

If you or other passengers had to visit the hospital, make sure the doctors provide a detailed account of the injuries, patient condition, tests run and expenses that you can send to the insurance company.

How to Maximize Auto Accident Insurance Coverage?

By following appropriate steps after an accident, an individual can ensure they get the maximum auto accident insurance coverage.

If an individual suffers an injury that stops them from attending work, it is important to provide the insurance company with this information.

After the accident occurs, take steps to contact the relevant insurance company the same day, or a day later. Provide them with as much documentation in relation to the accident as possible, because this makes their job a lot easier.

Keep in mind, insured individuals must pay their deductible when they are requesting claims from an insurance company. If there is a delay in paying the deductible, the insurance company will not pay out for the rest of the incurred expenses.

Some car accidents result in serious injuries. If an individual suffers an injury that stops them from attending work, it is important to provide the insurance company with this information.

With proper documentation and evidence, the insurance company will pay out for lost wages and/or earning potential caused by a car accident. Evidence from a doctor or medical professional is required to process such a claim.

How Much Coverage Do You Need?

Every individual’s needs are different, especially when it comes to auto insurance. Unfortunately, not everyone can afford the maximum level of auto insurance accident coverage. Policies that include all the elements of auto insurance come with higher premiums.

If someone is driving an older vehicle that is not worth very much money, it is a sensible idea to look at cheaper auto insurance coverage policies.

Even if you have a less expensive and thorough auto insurance policy, it is important to squeeze the maximum possible claim following an accident.

Drivers who are still paying off their leased vehicle will probably need some form of comprehensive and collision coverage, because it is required by the terms of their car loan. If they do not get these coverages, the loan company may take matters into their own hands and add the cost of the policies into the loan contract.

If someone is driving an older vehicle that is not worth very much money, it is a sensible idea to look at cheaper auto insurance coverage policies.

While you still want a thorough plan with the maximum possible coverage, paying high premiums for a low-value car is not ideal.