Understanding the 2 types of insurance claims

After a car accident, you may want to file a claim against the other driver’s insurance. You may also want to file a claim with your own insurance provider. This claim should be filed as soon as possible after the crash, so you can begin to receive compensation for things like your medical expenses or lost wages. There are two kinds of claims that you may need to file, depending on the situation you were involved in. Was the other driver responsible, or was the accident your fault? The type of claim you file depends on that answer.

What is a third-party claim for injuries?

A third-party claim is one that you file with the other party’s insurance carrier. For example, if you’re driving down the street and suffer an injury because a driver crosses the median, then you can file a claim against the driver’s insurance.

What is a first-party claim for injuries?

A first-party claim is different because it is one where you file a claim with your own insurance provider. If you have insurance coverage for cases where the other driver doesn’t have insurance, you may need to file a claim after an accident with your own insurance carrier. If you’re a passenger in a vehicle when an accident happens, you can file a claim with the driver’s insurance carrier.

How long do you have to report the incident to the insurance company?

In most cases, you should report any collision to an insurance carrier within 24 hours. You contact the carrier of the person responsible. So, if you were at fault for the accident, you would contact your own insurer. If the other driver was responsible, then you’d file a claim with that person’s insurance carrier.

Are there any special documents or activities you need to take when you file a claim?

When you file a claim, you may be asked to submit to an independent medical examination. The insurer chooses the doctor for the exam. This independent review helps the insurance carrier see what its doctor believes your conditions is versus what your doctor believes it is.

Once this is done, the insurance company can begin to calculate your claim’s value. Your attorney can help you review the insurance company’s settlement offer once it sends it to you. You may find that the offer is fair, or you may want to negotiate a better settlement with the assistance of your attorney.

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