If a vehicle gets involved in a car accident or in other events that cause damage, then the policyholder is advised to immediately contact his insurance provider and tell him what happened. Depending on the severity of the caused damage, the policyholder can decide if he needs to file a claim. However, many recent studies show that drivers that are involved in minor accidents prefer to handle these situations on their own and not make a claim. No matter what decision they take, the policyholders should always inform their insurance providers.

When the involved vehicles have sustained heavy damage. Even if the policyholder is the one responsible for the accident, he still needs his insurer’s help in order to settle the claims. Drivers can decide to not involve their insurers in these situations, but they may get sued by the other party that was involved and, in the end, they will have to pay huge amounts of money. Either way, the insurance companies will be notified and the policyholders can risk additional penalties. Besides having their premiums increased, some insurance companies might decide to cancel the policies.
Always file a claim if the car is stolen. Drivers will be compensated for their vehicle’s current market value if they have comprehensive coverage. Also, the insurance companies will be notified about the theft and they will know they don’t have to pay reimbursements if the thief gets involved in a car accident.
Report minor accidents. Don’t ignore minor incidents and notify the insurer. Even though it may not look bad, the damage caused by bumps or rear collisions can end up costing thousands of dollars. Policyholders that don’t notify their insurance companies in a reasonable amount of time will have their future claims denied.
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