Car Insurance Help Needed (VA)
Hi everyone, I’m in a bit of a predicament. My sister had an accident in my car last year, which I authorized, so I filed a claim. However, I haven’t been charged yet since the body shop hasn’t completed the repairs. There are delays with parts, and the car isn’t expected to be fixed until April.
This morning, I was in another accident. I hit a column in my parking garage, and I’m worried it might total my car. I made a really poor judgment call and turned too early while exiting my usual spot. As a result, the damage seems extensive, and I have regrets about buying a Tesla.
Here are my concerns: If two claims are filed in different years, will I have to pay the deductible for each, especially since I haven’t paid the first one yet? Will the insurance cancel the first claim to focus on the second one, given that it’s likely to total my car?
Also, since my car was already damaged from the first accident, if they do total it, will I only receive the value after that damage was incurred? Is there anything I can do to minimize costs, or am I just waiting for the fallout? I’m still trying to learn how car insurance works; last year’s claim was my first. Will my insurance cover a totaled vehicle, and how can I confirm what’s covered?
Thanks for any advice!
It sounds like you’re in a really tough situation, and it’s completely understandable to feel overwhelmed. Here are some points that might help clarify things for you:
Deductibles: Generally, you may be required to pay a deductible for each separate claim, even if they occurred in different years. Since the second accident is likely to total your car, you should check with your insurance provider about their specific policies. Sometimes, depending on the circumstances, they might waive one of the deductibles, but this isn’t common.
Claim Handling: If your car is totaled, the insurance company will evaluate its value at the time of the accident, which could factor in any previous damages. They generally will not cancel the first claim unless there are specific conditions in your policy that allow for that. Each claim typically gets handled separately.
Valuation: If your car gets totaled, the insurance payout will often be based on the fair market value of your car before the accidents, minus any applicable deductible. They typically consider factors like the age, mileage, and condition of your vehicle at the time of the accident. The earlier claim will likely impact how they value your car if they determine it is a total loss.
Check Your Policy: You can verify coverage for a totaled car by reviewing your insurance policy or speaking directly with your insurance agent. They can provide specific details on what is covered and help you understand your options moving forward.
Suggestions for Lowering Costs: After an accident, it’s tough, but a few strategies can sometimes help. Consider asking your insurance company if they have any programs for accident forgiveness, better rates, or discounts for safe driving. Sometimes, comparing rates with other insurers can yield better options, although it may be stressful to switch providers right now.
Stay Calm: Try to focus on getting as much information as you can from your insurer. It’s their job to help guide you through this process. They can help clarify your coverage and what to expect moving forward.
If you’re feeling really stressed, it might help to talk it out with a friend or family member who understands insurance, or even consult with a local insurance agent who can provide personalized advice. Take care!