For example superficial damage to the bumper may warrant a private settlement.

Settling auto accident without insurance. Your Name Your Address City State Zip Code. 4 rows If you are ever in a fender-bender and are considering not filing an insurance claim here are. There are five steps to take to ensure you are protected if you and the other driver have decided to settle a car accident privately and not involve your insurance companies.

If youd rather settle without getting your insurance company involved dont forget to take these five steps after an accident. Many people worry that an insurance claim for an auto accident will result in a costly increase in monthly policy premiums. You can settle the accident without using insurance.

Personal checks and cash should not be exchanged but what you should get instead is the other persons contact address name number plate number and license number. If youre ever in an accident that doesnt result in injuries like a minor fender-bender in a parking lot you might feel tempted to settle it privately without involving your insurance company. On the basis of these informations hell total up the amount of settlement that can meet your need.

Severity of the accident It only makes sense to exclude insurance companies if the accident is minor. Settling without going through the insurance might save yourself from losing your NCB but you will still have to honestly say that you have had an accident in the last 5 years when you buy insurance in the future. That offer often does not reflect the compensation you really deserve for your injuries but the insurance representative may pressure you to accept it and.

You could decide to settle without insurance and not report the collision but then if your negotiations for a settlement fail youve lost the ability to go through insurance. Discuss with insurance adjuster. Ad Whether Rain Or Shine Well Have Your Car Insurance Covered.

Often immediately after a serious car accident insurance companies will try to convince claimants to accept a quick low settlement offer. They may try to argue that the accident was partially or entirely your fault or that you havent provided enough evidencebut dont let it get to you. Hell evaluate the damage that has been done to your car or any expenses that you have been incurred after the accident.