You are driving on the road with another driver at a stop sign colliding with the side of your vehicle. You check if the other car’s people are fine, then call the police. By exchanging information with another driver, you learn that they have the same car insurance carrier as you, so you are wondering: How do I claim if another driver has the same insurer? Is the process different from normal? If so, how?
Read on to find out the answers to these questions and tips to make sure you get the correct compensation.
How Insurance Companies Handle Accidents When Both Drivers Are Customers
Ideally, an insurance company would deal with accidents between two of its clients in the way they should behave impartially and responsibly. However, this is not a perfect world and insurance companies have been stumbled upon by failing to provide adequate compensation to their clients in order to make a profit.
When a car accident occurs and both drivers have the same insurer, the insurance company must exercise caution to avoid a “conflict of interest”. To do this, most insurance companies will issue each driver with their own regulator. The idea is that both regulators will independently assess the lawsuit and liability for the accident and, once the violation is determined, communicate their findings to each other.
If both regulators agree that one of the drivers is to blame, then the regulator supervising the driver will continue to pursue the claim and provide compensation to the other driver under their insurance policy.
However, if liability causes complications and both adjusters disagree on who is to blame, then they will behave as if they were working in two separate companies to sue. The two adjusters of the same company will never take legal action to find fault, but will come to an agreement.
Often insurance companies refuse to deduct a customer if they are involved in an accident with another customer in order to avoid the hassle of resolving liability issues and the customer accusing them of misconduct when making a decision that no driver has. best interests.
When an insurance company prescribes only one regulator to meet the demands of both drivers, there is a high risk of conflict of interest. If this happens to you, contact the car accident lawyer immediately to make sure you receive the correct compensation.
Benefits of the same insurance
As unfortunate as it is to get into an accident in the first place, there are several advantages to having another driver with the same insurer as you.
Talking to your insurance company representative is always a lot easier and hassle-free than contacting another insurer’s regulator. Because you are a paying customer, adjusters will tend to provide faster services than if you had another insurance company.
Second, insurance companies have a monetary incentive to satisfy your claim and provide you with reasonable compensation if you are a customer. In most cases, insurers would lose more money in the long run if you stopped using them as your car insurance provider because you were dissatisfied with the insurance coverage than if they just paid the benefit straight. So, instead of risking losing you (the paying customer), it is often important for them to make you happy by paying the claim.
Finally, when two drivers with the same insurer get involved in an accident, the claim can be dealt with more quickly than if two different insurance companies were involved in the accident. Two regulators working for the same insurer and working in the same office can settle matters simply by going to another regulator’s desk.
Disadvantages of having the same insurer
Getting involved in a car accident with a driver who has the same insurance company can also carry their own risks. For example, an insurer may try to take the opportunity to protect its substance by unduly delaying or rejecting your claim or even returning your phone calls. Alternatively, two adjusters may enter into a fraudulent agreement behind closed doors that allows the firm to exit the entire claim to be forced otherwise.
In addition, insurance policies can be confusing and insurance companies may try to use this to their advantage by convincing an indefinite customer of a loophole that relieves them of their responsibility to pay compensation.
When to call a lawyer If the car accident has caused only minor property damage and / or damage, you will likely be able to continue with the normal process of suing the insurer and letting him appoint regulators. However, if you have been seriously injured or injured, you should contact a car accident lawyer to require the insurance company to be liable for equitable and reasonable compensation and to answer any questions that may arise.