Podcast
Questions and Answers
What type of evidence can be crucial in supporting a property damage claim?
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?
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?
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?
What can be used as a reference for comparison when negotiating for the fair market value of a car?
Why is it important to gather evidence for a property damage claim?
Why is it important to gather evidence for a property damage claim?
What should claimants use to prove that their car was in good condition before the accident?
What should claimants use to prove that their car was in good condition before the accident?
What is the purpose of looking at online car websites when negotiating for the fair market value of a totaled car?
What is the purpose of looking at online car websites when negotiating for the fair market value of a totaled car?
If your car has severe major or structural damage, the text recommends taking it to:
If your car has severe major or structural damage, the text recommends taking it to:
What is the insurance company's stance on how you spend the insurance money once you settle?
What is the insurance company's stance on how you spend the insurance money once you settle?
When can you get reimbursed for a rental car while your car is in the shop?
When can you get reimbursed for a rental car while your car is in the shop?
What does the text advise about using body shops recommended by insurance adjusters?
What does the text advise about using body shops recommended by insurance adjusters?
What can you file a property damage claim for, according to the text?
What can you file a property damage claim for, according to the text?
What does the text recommend doing if you're going days or weeks without a car while it's being repaired?
What does the text recommend doing if you're going days or weeks without a car while it's being repaired?
What does the text advise about proving personal property damage in an accident?
What does the text advise about proving personal property damage in an accident?
Flashcards are hidden until you start studying
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.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
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.
