I often hear potential clients tell me about their possible claim and then follow it with their concerns about getting their or the at-fault party’s insurance involved.  I always ask the same thing- why do you have insurance if you are not going to use it?  Almost everyone knows the importance of having insurance, but too often people are concerned about actually using it to make a claim. The biggest worry I hear is, “I don’t want to tell my insurance company I was in an accident because I don’t want my rates to go up.”  This is a misguided fear.  The fact is that if you were not at fault for causing the accident, then your insurance rates will not go up simply because you report the accident.  The only reason your rates should go up are if you cause an accident or simply because your insurance company is raising rates across the board. 

 

More importantly, you could actually be in violation of your insurance policy agreement if you fail to report an accident, a fact which can later be used against you if you later try to make a claim through your insurance. For instance, if you are hit by a driver who isn’t insured or doesn’t have adequate limits to cover your damages.  In that scenario, you would want to pursue an uninsured or underinsured motorist claim through your own insurance company.  In order to ensure your insurance company properly evaluates your claim, you must report the accident in a timely manner, i.e. as soon as practicable after the accident.  Failure to do so may result in a denial of coverage.

 

Another comment I often hear is “I don’t want to report the claim to the at-fault party’s insurance company because he is my friend and I don’t want to sue my friend because he’ll lose all his money or his rates will go up.”   Again, this is a misguided fear.  When you make a claim, you are making it through the insurance company and if a settlement is reached, it is the insurance company that makes the settlement payment, not the at-fault party.  Also, the at-fault party’s insurance rates are going to go up regardless of whether or not your make and claim. 

 

If you’ve been injured in an accident, you deserve to be compensated for your injuries.  Don’t become a victim because of unfounded concerns you have regarding insurance companies.  People have insurance for a reason and that reason is so they are protected in the event they are responsible for causing an accident.  Make yourself a priority and use the insurance that is available to you.

 

At Kidneigh & Kaufman, our experienced Denver accident attorneys understand the importance of making timely claims and are able to help you understand all the possible claims you may have.  Call us today at (303) 393-6666 for a FREE consultation.

Insurance Policy

Filed under: Articles by Jennifer Crichton

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