No-fault Compensation for Vehicular Accidents

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car accident claim

Being involved in a vehicular accident can be tedious and time-consuming. The main concern is how to file an insurance claim and pay for the extra fees, especially for those who were not at fault. Insurance companies differ in policies when it comes to no-fault claims. We have prepared recommendations to help you file your no-fault compensation claim.

Ask for legal advice

Before rushing to your insurer to file a claim, consult a lawyer first. Yes, it sounds expensive, but it will save you time from dealing with the company. If you were involved in a motorcycle crash, it’s best to ask legal advice from a motorcycle accident lawyer. Denver has strict motorcycle laws, and your attorney will process all the necessary legal documents. He or she can also file an insurance claim on your behalf.

Evaluated the damage

Insurance companies require claimants to have their vehicle’s damage appraised. This will help the company assess the value of your claim. For minor damages, such as dents on the body or a wrecked bumper, a car repair shop can give you an accurate estimate. However, badly damaged cars might be classified as write-offs.

The insurance company’s vehicle assessor will determine your car’s pre-collision value and if there are any salvageable car parts. The assessor can also provide you with a proof-of-damage certificate to help you expedite your insurance claims.

Prepare a Demand Letter

preparing a demand letter

A demand letter is crucial because it will compel the other party to pay you damages. Attach the car repair shop’s quote and pre-collision value from the insurance company’s assessor. You lawyer can help you draft a demand letter, which includes the following:

  • Date of the crash report

  • Where the accident occurred

  • The types of vehicles involved

The letter should also include the amount of compensation for the damages incurred. It should be either the body shop’s repair quote or the insurance company’s pre-collision value. Since motorists are required by law to apply for third-party insurance, the offending party can ask assistance from their insurer. Also, your demand letter should include pertinent details, such as your full name and bank details.

Transacting with the “other” insurance company

Negotiating with the offending party’s insurance company can be frustrating. They might ask you to submit additional documents as evidence or require you to pay their client for damages incurred during the accident. Your lawyer can help you negotiate with the company to settle the matter amicably.

However, if they insist on bring the case to court, your legal counsel can file a lawsuit against them and the offending party for ignoring your demand for just compensation. Most of the time, insurance companies would rather settle because it would cost them more money.

Processing compensation for a no-fault claim differs between drivers. Those who chose to do it themselves were faced with a variety of legal impediments and never recovered their losses. Claimants who sought legal assistance were successful in their insurance claims. When it comes to dealing with the law and insurance companies, always seek legal advice.

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