How do I get insurance without a car: Negotiating Your Car Accident Insurance Settlement

Thursday, 13 December 2012

Negotiating Your Car Accident Insurance Settlement

If you have filed a car insurance claim to recover money for property damage to your vehicle, bodily injury or both, you will need to negotiate a car accident settlement to get the payout you deserve. Negotiating a car accident insurance settlement is not difficult if you are comfortable and prepared. When you negotiate your car accident settlement, you will need to work closely with an insurance claims adjuster who is responsible for investigating the accident and deciding what the company will pay.

TIP: Insurance claims adjusters have a car accident settlement range and will typically begin at the lowest figure. Their job is to settle the claim for the least possible amount of money. Do not be afraid to reject the first offer, and negotiate a better car insurance settlement deal.

The Insurance Settlement Negotiation Process

You can respond to the car insurance settlement offer, by politely declining and writing a claim letter with a counter offer reflecting the figure you believe your claim is worth. The adjuster will then respond with their own counter offer that should be closer to your acceptable range, and you two will begin negotiating the car accident settlement. You may venture into back-and-forth negotiations for a while, so be patient don't let any delays deter you to give in quickly and accept less than you deserve.

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Can you get car insurance if you don't own a car.

Answers from a few Car Insurance Experts

Yes, if you are trading in auto industry, you can get a blanket cover. for all cars and for customer/staff driving them subject to conditions.

How can I get auto insurance without a car?

You can buy something called a non-owners car insurance policy. As its name implies, this is designed for people who don't own cars. You can get quotes for this type of insurance online or you will need to work directly with an insurance agent.

Non-owners car insurance is a good idea if you frequently rent vehicles or borrow cars from friends and relatives. When you borrow a vehicle from a friend, their insurance policy would cover the car. However, your assets are still at risk in that situation. Why? If your friend's liability limits were low and you caused a bad accident with expensive damage and injuries, then other injured parties could come after your personal assets, such as your home, to recover expenses that went beyond your friend's liability limits.

If you frequently do business with rental car companies, you can buy insurance each time you rent a vehicle, but it might be more cost-effective to buy your own non-owners policy.

The purpose of a non-owners policy is liability protection. Comprehensive, collision, towing reimbursement, rental reimbursement and other optional types of coverage are not usually available for these types of policies. Generally there are no deductibles, unless your state requires uninsured/under-insured property-damage coverage.

The good news is car insurance rates for these policies are about half of what they are for standard car insurance policies.