Title: Should I Close My $0 Payout Claim or Use It for Glass Damage?
Hey everyone,
I recently paid around $1,100 out of pocket for a car glass replacement, but I just realized I had already filed an insurance claim for it. Since there’s a $500 deductible, I’m weighing my options. I’m concerned about my insurance rates going up, so I’m thinking about closing the claim.
In this case, does it make a difference whether I go through insurance or just handle it myself? I know this is classified as a not-at-fault claim, but I’m unsure if it will still affect my record.
Thanks for your input!
It’s understandable to feel uncertain about how to proceed in this situation. Here are some points to consider:
Deductible and Payout: Since your deductible is $500 and the payout would be $0, it doesn’t make financial sense to pursue the claim through insurance. You’re effectively paying more out of pocket than you would receive.
Rate Impact: While you mentioned that this is a not-at-fault claim, insurance companies sometimes still take claims into account when determining your rates. If you’re concerned about potential increases, it might be safer to close out the claim and not risk any impact on your premiums.
Claim Record: Keep in mind that even if you don’t continue with the claim, it may still show on your insurance record. You should check with your insurance provider to confirm their specific policies regarding how claims affect your record.
Future Glass Damage Claims: If you foresee needing to make a claim for glass damage in the future, consider whether it’s worth keeping your current claim open just in case. But if it’s unlikely you’ll have more damage, closing it might be the best option.
Contact Your Insurer: It could be helpful to have a conversation with your insurance provider. They can explain how a closed claim may affect your record and what steps to take if you choose to close it.
Ultimately, it seems you may be better off closing the claim and avoiding any possible rate increases. Good luck!