Common Mistakes to Avoid When Filing an Accident Insurance Claim | GVE London – Blog

When filing for an accident insurance claim, no matter if you’re at fault or not, it can be quite a daunting task. After all, a simple misstep can result in something as minor as a delay all the way up to the more extreme consequences of reduced compensation or even a claim denial. Here, in this guide, we’ll be guiding you through the entire process so you can avoid making all the common mistakes.

Delaying the Claim

Time really is key here, and delays only make things more complex. Many insurance policies state that one must report an accident as soon as it occurs because delaying will only lead to questions being raised, like the validity of the claim and thus a potential for denial. So, once you’ve ensured everyone is safe and sound, inform your insurer immediately.

Admitting Fault at the Scene

This is extremely common and quite understandable as well. When an accident happens, emotions run high, and thinking rationally becomes difficult. However, no matter the situation, one needs to remain calm and not admit fault, even inadvertently, as a statement like “I’m sorry” can be misconstrued as an admission, thus making your claim more complex. Let the insurers decide this.

Neglecting to Collect Evidence

Without evidence, there is no case. Many individuals, in the stress of things, forget to gather evidence that can strengthen their claim. If you’ve been involved in an accident, document everything you can. This includes taking pictures, videos, audio recordings, and noting eyewitness accounts, etc. The more evidence there is, the easier it is for one to process a non-fault accident claim.

Not Seeking Immediate Medical Attention

No matter whose fault it is, at the time of an accident, the first thing one should worry about is attending to everyone’s medical needs. Even if the injuries are minor, consult a healthcare professional and do the needful. Some injuries have a nasty way of manifesting later on. Documented medical records also serve as evidence for your non-fault claim, so there’s that as well.

Providing Incomplete or Inaccurate Information

Provide all the details accurately and completely. If you don’t know something, it is best to state it and not end up in a situation where discrepancies arise, as that leads to claim denial.

Accepting the First Settlement Offer

Insurers might try to propose a quick settlement that’s lower than what you’re entitled to, but you mustn’t accept this unless you genuinely agree to the amount. First settlements are usually on the lower side of things and might not even cover all damages. This is unacceptable because if you have insurance, ideally, you wouldn’t want to put yourself in a position where you’re paying the bill of a luxury car repair centre from your pocket. If you’re unsure about what you’re entitled to, consider consulting a legal professional before accepting. Familiarise yourself with your insurance policy’s terms and conditions. Understanding coverage limits, deductibles, and exclusions can prevent unexpected surprises during the claim process.

Read Also: Avoid Claim Delays: How to Properly Document an Accident for Insurance

Failing to Report to Authorities

Reporting to the police isn’t always an indication that somebody committed a crime. It is merely an official report of an accident that occurred. In many jurisdictions, in fact, reporting an accident to the police is mandatory, especially if there are injuries or significant damages. A police report provides an objective account, supporting your claim.

Discussing the Accident on Social Media

In the day and age we live in, everything is discussed online—matters both personal and professional. However, when it comes to insurance claims, it is best not to post any details about the accident. It doesn’t always happen, and it is undeniably a little shady, but insurers may monitor your social media activity, and posts can be used against your claim.

Conclusion

If you have a supercar and it has been unfortunately damaged in the accident, taking it to just any other garage down the street won’t work. In fact, it might just decrease its value further. Instead, opt for a supercar bodyshop like GVE London. From handling the claim to restoring the vehicle back to its original condition to repairs, modifications and detailing , our team can take care of it all. Give us a call or head over to find out more!