Should I file a claim now or hold off?
I was in an accident in a parking lot where my car and another vehicle bumped into each other while backing out. The damage is minimal on both cars, and I didn’t initially plan to file an insurance claim or repair my vehicle. However, the other driver wants to file a claim. Should I wait until they file against my insurance or should I submit my own claim now? I have both collision and comprehensive coverage, but I’m unsure if that affects my decision. Any advice would be greatly appreciated!
Thank you!
It’s understandable to feel uncertain about whether to file a claim now or wait. Here are a few things to consider:
Insurance Policies: Since both you and the other driver want to file a claim, it might be best to go ahead and file your own claim now. This way, you’re proactively addressing the situation, and it could help protect you in case the other driver decides to file against your insurance later.
Documentation: If you decide to file, it’s a good idea to document the incident thoroughly. Take photos of the damage, note down the circumstances, and gather any relevant information from the other driver.
Minimal Damage: If the damage is truly minimal and you don’t plan to fix anything, you might feel tempted to handle it outside of insurance. However, keep in mind that the other party’s decision to file could affect your record, so getting ahead of it by filing your claim ensures you have coverage if needed.
Consult Your Insurer: It could be beneficial to call your insurance company for advice. They can inform you about the potential implications of waiting versus filing now.
Remember, waiting to see what the other party does could leave you vulnerable if they decide to file unexpectedly. Ultimately, it’s about making the choice that feels most secure for you. Good luck!