According to the Maryland Department of Transportation, there were 124,000 car accidents in Maryland in 2021. That same year saw more than 4.8 million car accident insurance claims filed across the United States. Filing a claim takes time, but getting the compensation you deserve is worth it. If you’ve filed a car accident claim, you’ll want to know how it is settled.
Notification
Your insurance company and the other driver’s insurance company need to know about the accident. The insurance companies need details such as the time, date and accident location. You can also mention your injuries or damages. Generally, it helps to provide as much relevant information as possible.
Evidence
Both insurance companies will want to see evidence of the accident. The accident report and photos of the accident are forms of evidence. If you have witness statements, you can also include them.
Damages
Car accidents often result in injuries and property damage. However, time off of work and emotional trauma are also considered when filing an insurance claim. For example, you might develop anxiety or post-traumatic stress disorder after the accident. This can affect your ability to work and your mental health.
Negotiate
Take your claim to the at-fault driver’s insurance company and negotiate for a fair settlement amount. The insurance company will likely offer less than what you’re asking. Before accepting an offer, look it over to see if you feel the compensation is fair. You might have to engage in several back-and-forth discussions with the insurance company.
Once you and the insurance company reach an agreement, document the settlement amount and the terms. You should receive compensation once the insurance company settles the claim.
The information above is a general overview of how to settle a car accident claim. However, you might face legal complications or another situation that affects your case.
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