Getting Compensation For Car Property Damage With My Own Collision Coverage
Not every car accident results in bodily harm. This means that if you need compensation, it will only revolve around the damaged vehicle. If you often commute with your car, you know the importance of the mandatory insurance statutes in Alaska. This means that if you’re involved in an accident, you need to have a mandatory liability insurance coverage of $25,000 to cover your car property damage. This amount excludes any bodily harm. You can use this even if you believe the other driver was at fault. Then you may move on to negotiate the question of whether to recover the money from a third party claim.
The fact is that you cannot get compensated for vehicle damage from your insurance coverage and the third party claim. The best way to have a better understanding is to contact a car accident property damage lawyer for legal guidance. Once you get compensated from the vehicle damage, it’s your own insurance company that will file a claim against the at-fault insurance company. The advantages of collecting property damages from your collision coverage are:
Filing Your Claim Within The Statute Of Limitations
Benefits Of Collecting Car Property Damage From Your Collision Coverage
Your property damage claim will be settled quickly; you get paid regardless of who was at fault: This is different if you decide to file a third party damage claim. You may be required to look for credible witnesses or the police report to determine the other party was at fault. This may take time.
You will get your car repaired on the value of the property at the time of the accident.
One of the main setbacks you may encounter is when your car repairs costs exceed the amount covered by your collision coverage. You may also get it tough when seeking compensation for any other property such as watches or clothes that were in your car at the time of the accident. To walk through this and get the right settlement, you may consider having a car accident property damage lawyer guide you on how to settle a claim with the at-fault driver. This will also ensure you get your car damage claim handled properly to get the optimum benefits.
Filing Your Claim Within The Statute Of Limitations
According to the mandatory liability insurance, the at-fault driver is supposed to pay for your car damages and any other bodily injuries. The Alaska statute of limitations personal injury or property damage requires that a plaintiff settle their claim within two years. If one delays, he/she is barred from getting compensation. If you’re not sure how the statute may apply to your case either you delayed filing because you never discovered your injuries on time, you might want to have a personal injury lawyer. Thankfully, the Alaska car accident laws are flexible; you may have time to negotiate for a favorable settlement even without going to court. The only way to ensure you get a reasonable settlement is to avoid self -representation. Whether you want to settle with an insurance company or file a lawsuit, get an experienced lawyer who is conversant with both settlements. Once again, if you have been injured in a car accident, you need to understand the Alaska statute of limitations personal injury to ensure you initiate your lawsuit within the set time to avoid disappointments.
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