Car crashes wreck finances. Know your options if an auto accident causes vehicle damage.
Car Crashes Wreck Finances
Car crash victims almost always face costly vehicle repair expenses. Insurance plans with high deductibles may force you to use personal funds to fix your car. Different factors determine who will pay for accident damages. You should submit a claim to your insurance company when it is unclear who caused the collision. If another motorist is clearly responsible for the accident, submit a third party claim with the at-fault driver’s insurance company. A “total loss” occurs when vehicle damage exceeds a certain percentage of your car’s value. Owners who suffer total loss damages usually receive a check equal to their vehicle’s fair market value. Total loss restitution may not be enough to satisfy your unpaid car balance, so you may be left with monthly payments but no car. Gap insurance covers the difference between the amount you owe and your vehicle’s fair market value, saving you a lot of money and financial distress.
Protect Your Rights
If you are involved in a car accident that causes vehicle damage, follow these steps:
- Check for Injury
- Move off the Highway
- Stay at the Accident Scene
- Obtain insurance information from another driver
- Contact Police
- Use cameras to document damage
- Obtain a copy of the accident report
- Contact the appropriate insurance company
You Deserve Compensation
Receiving compensation for vehicle damage is a complicated process. The at-fault motorist may dispute liability and insurance companies may not be willing to pay your expenses. It is important to contact an experienced accident attorney as soon as possible. Thorp Law has extensive experience representing car crash victims. Our team of lawyers and investigators will evaluate your damages, negotiate with the at-fault driver’s insurance company, and ensure your rights are protected so you can recover.
Our law firm and personal injury attorney handle personal injury, trucking accident, product liability, medical malpractice and other types of cases. Thorp Law handles cases throughout North Carolina, including Wake County, Durham County, Orange County, Johnston County and other counties throughout the state. Contact us today.