Should I file a claim now or hold off?
I had a minor incident with another car where we backed into each other while leaving a parking lot—just a light bump in the aisle. I’m not looking to file an insurance claim or repair my car since the damage is minimal on both sides. However, the other driver is considering filing a claim. Should I wait for them to file against my insurance, or should I go ahead and submit my claim now? I have both collision and comprehensive coverage. Any advice would be greatly appreciated!
Thanks!
It’s understandable to be unsure about whether to file a claim now or wait. Here are a few considerations that might help you decide:
Insurance Policies: Since you have collision and comprehensive coverage, you can file a claim with your insurance company for the damage to your vehicle. If the other party chooses to file a claim against your insurance, it could affect your rates, so it might be wise to get ahead of it.
Minimal Damage: If the damage is truly minimal and you feel comfortable covering the repair costs out-of-pocket, you might choose to wait. However, if the other party insists on filing, it may be beneficial to file a claim now to establish a record of the incident.
Potential for Future Claims: If the other driver does file a claim against your insurance, your insurance company will likely investigate and could cite the incident even if you don’t file a claim. By initiating your own claim, you might set the stage for better communication and management of any potential claims that arise.
State Laws: Consider the laws in your state regarding accidents and insurance claims, as these can vary. Some states have specific requirements for reporting accidents that could influence your decision.
Consult Your Insurance Company: If you’re still unsure, it may help to contact your insurance provider for advice. They can walk you through the process and help clarify the implications of filing a claim now versus waiting.
Ultimately, if there’s a possibility of the other driver pursuing a claim, it’s often a good idea to file your own claim for documentation and to ensure you’re protected. Good luck!