Should I file a claim for a parking lot accident?
My 20-year-old son accidentally backed into a car while parked. The other vehicle was very small and positioned directly behind him when he stepped out of the truck. He was carrying a heavy load and didn’t have a backup camera. The damage to the other vehicle is estimated at $1,911, plus there’s a possibility of rental costs. Should I cover the expenses out of pocket or go ahead and file an insurance claim? There’s no police report involved.
File claim for parking lot fender bender?
In situations like this, you have a couple of options to consider:
File a Claim: Given the amount of damage ($1911), it might be worth filing a claim with your insurance company. This would allow you to have the damages covered, minus any deductible on your policy. If you’re concerned about potential rental costs as well, it could be safer to go through insurance to mitigate your financial risk.
Pay Out of Pocket: If you decide to pay for the damages out of pocket, make sure you get a written estimate for the repairs and keep all documentation. Paying directly might help you avoid a potential increase in your insurance premiums, especially if you haven’t had any prior claims.
Investigate State Laws: Check your state laws regarding financial responsibility in such situations. Some areas may have requirements that dictate how damages should be managed.
Communication with the Other Party: It may be helpful to discuss options directly with the other party involved. Negotiate whether they would be okay with a direct payment instead of going through insurance.
Ultimately, the decision may depend on your comfort with the potential financial impact and your insurance policy details. If you’re unsure, speaking with your insurance agent can provide clarity on the best course of action.