Property Damage Claim Settlement Tips

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Questions and Answers

What type of evidence can be crucial in supporting a property damage claim?

Claimant's emotional state

Social media posts

Insurance adjuster's opinion

Crash reports (correct)

What is a factor affecting the fair market value of a totaled car?

Color of the car

Weather conditions during the accident

Make and model of the car (correct)

Prior driving history

Why are witness statements considered powerful evidence?

They are legally binding documents

They are always biased towards the claimant

They are disregarded by insurance adjusters

They can provide a neutral account of the accident (correct)

What can be used as a reference for comparison when negotiating for the fair market value of a car?

Kelley Blue Book value Signup and view all the answers

Why is it important to gather evidence for a property damage claim?

It helps insurance adjusters determine fault and decide whether to pay for damage Signup and view all the answers

What should claimants use to prove that their car was in good condition before the accident?

Produce maintenance records, receipts, and photos Signup and view all the answers

What is the purpose of looking at online car websites when negotiating for the fair market value of a totaled car?

To find similar cars and their listed prices for comparison Signup and view all the answers

If your car has severe major or structural damage, the text recommends taking it to:

Your own trusted body shop Signup and view all the answers

What is the insurance company's stance on how you spend the insurance money once you settle?

They don't care as long as you settle and sign away your property damage claim Signup and view all the answers

When can you get reimbursed for a rental car while your car is in the shop?

If the at-fault driver's insurance should reimburse you for the cost of the rental car Signup and view all the answers

What does the text advise about using body shops recommended by insurance adjusters?

They may have an incentive to cut corners and do quick, shoddy work Signup and view all the answers

What can you file a property damage claim for, according to the text?

For things other than just your car, such as damaged personal property Signup and view all the answers

What does the text recommend doing if you're going days or weeks without a car while it's being repaired?

Ask for reimbursement from the at-fault driver's insurance for a rental car Signup and view all the answers

What does the text advise about proving personal property damage in an accident?

Produce a receipt to the adjuster for damaged personal property like groceries or bicycles Signup and view all the answers

Study Notes

The speaker is sharing six tips for settling a property damage claim with an insurance company after a car accident.
The tips are intended to help claimants save money and get back on the road as soon as possible.
Tip one: Gather supporting evidence.
- Insurance adjusters will determine fault and decide whether to pay for damage based on evidence.
- Evidence includes crash reports, witness statements, and photographs.
- Crash reports include details about the accident.
- Witness statements can be powerful evidence, especially if they are neutral.
- Photos taken at the scene can help recreate the scene and support the claimant's version of events.
Tip two: Negotiate for the fair market value of the car.
- If the car is totaled, the insurance adjuster will write a check for its fair market value.
- Factors affecting fair market value: age, make, model, mileage, prior damage, and pre-crash condition.
- Produce maintenance records, receipts, and photos to prove the car was in good condition.
- Use Kelley Blue Book value as a reference for comparison.
- Look at online car websites to find similar cars and their listed prices.

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Description

Learn six practical tips for settling your property damage claim with the insurance company after a car accident. This video provides actionable steps to potentially save thousands of dollars, without overwhelming legal jargon or high-level fluff.