An auto insurance claim adjuster works for the insurance company with whom you purchase a policy. Some insurance companies use independent adjusters so that they get an unbiased report. When you have an accident and make a claim on your insurance, the company will send out an adjuster to access the damages and come up with an amount of money that will be needed to complete the repairs. The auto insurance claim adjuster has to contact the garages to get an estimate of what the parts and labor will cost.
When you report a claim for an accident to your auto insurance, they will contact the appropriate adjuster. The auto insurance adjuster assigned to your case will contact you to get the details on where he/she can assess the vehicle. Then you will receive a report from the insurance company regarding the assessment the auto insurance claim adjuster submits. If the damages exceed the value of the vehicle, it will be “written off”.
The amount you get on your auto insurance policy depends on the policy itself. If the auto insurance claim adjuster determines that the vehicle is written off, the insurance will pay you the book value of the vehicle. This could be more or less than what the car is worth. With some auto insurance policies, you can pay extra to have a clause included stating that if the vehicle is written off within the first two years, you get the full amount that you paid for the automobile.
There is a certain process that an auto insurance claim adjuster has to use to come up with the amount the insurance company will pay. You will usually get two quotes – one that will see the car getting repaired at a top of the line garage and another if you take a cash settlement on the claim and get the work done yourself. The auto insurance adjuster knows that many people have friends who can do the work cheaper and often take the money.
Once you decide how you want to proceed, the insurance company will issue a check. If you are paying on the vehicle, the check will be made out jointly to you and the lender. Otherwise the check comes directly to you. The job of the auto insurance adjuster is only to access the damages, Any dispute you have regarding the report made by the auto insurance claim adjuster has to be done through the insurance company. Keep this in mind because the adjuster is only an ordinary person like yourself trying to make a living.
An auto insurance claim adjuster doesn’t have an easy job.
By: Peter Crump
Posts Tagged ‘Damages’
Ever Wondered What An Auto Insurance Claim Adjuster Does?
December 24th, 2009Cheap Full Coverage Auto Insurance
December 6th, 2009
If you are in the market for cheap auto insurance, you are bound to be confused by the wide variety of choices available. It pays to take some time before you make a decision. It is therefore important that you consider several aspects before you take a definite decision. Once you are armed with the basics, you will be ready to go ahead and choose the perfect auto insurance plan for your needs. You can — and should — of course, seek some help. When you hear the phrase “full coverage auto insurance”, do you know what it means? This is simply a comprehensive coverage that would cover you, personally, in every aspect and possible type of insurance the company offers.
For example, coverage for medical costs may be optional with some insurance policies. But if you have a full coverage auto insurance policy, you can have your and your passengers’ medical costs covered, should you be in an accident where injuries are sustained.
A full coverage auto insurance policy also covers liability. This means if you are at fault during an accident, the coverage will enable your policy to compensate for the damages caused by you. It is always advisable to have liability coverage in your auto insurance. Although you may always claim that you had never been at fault, you can never be sure where the blame will ultimately be placed in an accident. It is always better to be on the safer side with auto insurance.
The premium to be paid and the policy period will differ based on the insurance company, your age and also your gender. The age of your vehicle also determines whether you should go for full coverage or not. Supposing yours is an old vehicle on its last legs, it is not necessarily a good decision on your part to go for full coverage, as you will end up paying a higher premium. You may end up paying more premiums than the current market value of your car. Newer cars, or any vehicle for that matter, are better served with cheap full coverage auto insurance policies. There are other comprehensive policies that can cover you in cases of vandalism or arson, as well, though they are not as commonly purchased by people.
You can always check out the various online resources available for more details on cheap full coverage auto insurance. Also, don’t be afraid to get in touch with insurance agents, as they can provide you great information on the current trends in cheap auto insurance.
By: Jennifer Bailey
Non Owner Auto Insurance – What You Need to Know About Non Owner Car Insurance
December 2nd, 2009
You can buy car insurance even if you don’t own a vehicle. This type of coverage is known as non owner auto insurance. So why would you consider this?
When To Buy Non Owner Coverage
You may want to consider buying this type of coverage in a situation where you are living in a city and rely on public transportation most of the time but are renting or borrowing a vehicle from someone often. You want to have adequate insurance protection if an accident occurs to pay for injuries or damage to property.
What Happens After An Accident
If an accident occurs while you are behind the wheel of a borrowed or rented car, the owner’s insurance policy would be in effect. He or she would be responsible for any damages owing over the policy limits. As the driver at the time of the accident, you may be faced with legal action from the owner or the insurance company to recover the money paid out after the accident. Buying a non owner car insurance policy will protect your assets.
The Cost
In a situation where you are renting a vehicle often, it may be less expensive for you to buy your own insurance than to get coverage through the rental company each time. You also have the added assurance that you are covered for every vehicle you are driving, not just the one you have rented.
Another scenario where buying a non owner auto insurance policy may make sense is when you drive a company car for work. You will be covered under the employer’s insurance policy, but how many people would ask how much coverage the company’s insurance policy provides when they get behind the wheel of a company car.
How To A Find Non Owner Car Insurance Policy
You look for non owner car insurance in the same way as you shop for other car insurance coverage. You can look online for a company that offers this type of coverage and request a quote, or contact an independent insurance agent who can get quotes for you.
Family or friends may be able to help you find non owner car insurance coverage as well. Ask around to see if anyone knows of a company you can contact to get this type of protection.
Compare Non Owner Car Insurance Quotes Online
Once you have quotes in hand, you need to go over them very thoroughly to make sure you understand the policy provisions. Every auto insurance company will have use different language in its policies and it’s important to go over each clause so you understand exactly what you are getting.
Pay special attention to the policy’s exclusions as well. No policy covers all situations, and you don’t want to assume that you have protection only to find out after an accident that you don’t.
By: James J. Robinson