With the annual cost of auto insurance reaching over $1,000 in 2022, it is unsurprising that many people are now trying to get the cheapest deal. The only issue with that is that many people now go for fewer insurance companies, meaning a lot of overlap. So, what happens if you have a car crash and when you trade insurance details, it comes out as the same provider?
Below, we give you the information you need to navigate this auto insurance problem. By the end of the article, you should have the reassurance that this is not a major problem, even if it is a unique situation.
Separate Policies Means Separate Adjusters
When you are in a car accident and you both claim with the same company, they will assign two separate people to your claims. This ensures that one cannot perceive the two adjusters as having a bias one way or the other. Instead, they will both pursue the insurance claim to the best of their ability.
As there will be two adjusters, this means that two different claims will exist. Both will investigate the claims to the fullest extent, and each adjuster will deal with the case as though dealing with an external company.
Thus, you can have the assurance that they will not cut any corners and will go through the proper process at all times.
Public vs Private Agreements
Although they may discuss the matter and disagree in private, the two adjusters will emerge with an agreement. This is because the two insurance representatives for the same company cannot disagree with one another in public.
The one thing you can have certainty about is that the insurance company will not refuse to pay.
Because the two adjusters will work for the same company, you will likely have a much easier time and the process is likely going to be very smooth.
First of all, they are likely to be in the same building or at least have easy lines of communication between one another. This means that they can share insurance information or up-to-date data on the crash without many issues.
On top of that, there is a much higher level of trust between two adjusters in the same company instead of those acting for different organizations.
Where Payments Go
Once the insurance details clear up and they decide on appropriate compensation, the process will continue as normal. Payments will go from one policy to another. This will be from the responsible party’s policy to the aggrieved party’s.
If there are then any appeals, they will go through the same system as usual, but with the involvement of the two adjusters.
Resolving a Car Crash
Now that you have resolved this car crash issue, you can go ahead and trade insurance information with anyone you have a mishap with. Do not worry, that insurance policy should not be a problem in this case. Though, if you still have concerns, you could always call us and we will help you resolve any problems.
Our legal specialists can walk you through any speedbumps that might get in the way of a smooth claim. So, give us a call today and learn what we can do for you.