Need advice from auto ins experts. Is it ever a good idea to pay "Out of Pocket" rather th
The key to financial power lies in your credit rating. If you plan to get a home loan, save money and get better credit starting now!
They shouldn't drop you b/c of 2 accidents. But your rate will certainly go up. If you have already told your company you had an accident, they probably have already made record of it. Unfortunately, $0 claims can still effect your record. I would go ahead and let your insurance company handle it. Especially, if you think the other driver may give you a hard time and dispute the amount of damage.
Need advice from auto ins experts. Is it ever a good idea to pay "Out of Pocket" rather than file a claim?If there is even the slightest chance that anybody in the other car will claim an injury let Allstate handle it. I think they have still have their M.I.S.T. (Minor Injury Soft Tissue) investigative program and it is very good in dealing with claimed injuries from low impact injuries.
It's been a long time since I worked for Allstate but the fact that you reported the accident MAY be held against you even if there are no injuries and you pay for the car damages yourself.
If you decide to pay the other person out-of-pocket then you need to know that you will not only owe for the car damages (which will be much higher than you expect) but in most states you would also owe them for a rental car while their car is in the shop.
If you are going to pay this yourself make sure to do it with a cashiers check or something that leaves a paper trail. I would also suggest that you have the other person sign a general release form in exchange for your payment, I think you can find examples of this form on the net.
More Related Questions and Answers ...
The loan information post by website user , we not guarantee correctness.