If you were recently involved in an auto accident in Huntsville, Alabama, you probably have a number of different questions running through your mind right now.
- What will I be required to pay, if anything, to get my vehicle repaired?
- Who will cover my medical expenses?
- Do I have a deductible?
- Will the other driver be held responsible for causing the accident?
- What should I do if my vehicle is totaled?
While our attorneys in Huntsville, Alabama can provide you with some insightful information that can help you answer these questions, for the sake of this article, we are going to discuss one important question that seems to be one of the first that arises after an auto accident. That question is presented below.
How will my deductible affect my insurance payout?
A deductible is the amount of money you are going to be responsible for paying after a claim has been filed before your insurer will begin covering costs. Your deductible amounts should have been established at the time you purchased your policy so you do want to go back and double check what these amounts are.
With most auto insurance policies, you might be required to pay your deductible amount each time a claim is filed so if you’re wondering why you are being held responsible for paying it again, that might be why.
Now, let’s say your accident damage has amounted to $5,000. If your deductible is $500, you will have to pay this up front first and that amount will apply toward the $5,000 of damage costs. Once satisfy the $500, that would leave you with $4,500 to be paid and that should be covered by your insurance company. Policies vary by driver so your deducible amount might be different from the next person’s. Insurance companies generally charge higher monthly rates for lower deductible amounts and lower monthly rates with higher deductible amounts too.
Recovering money for vehicle damages in Alabama
Aside from having your insurance company pay for your damages once your deductible is met, you might also want to consider filing a third-party claim through the driver who was held accountable for causing the accident. This can sometimes become a challenge as many insurance companies don’t exactly want to pay out a large amount without putting up a fight. You might find it to become a hassle to receive your settlement check that will cover the costs of the damages. This is where we can help you.
USAttorneys.com Has Accident Lawyers Ready to Represent You
While lawyers are known to represent clients in litigation, they can also be rather helpful with accident claims. They understand how difficult insurance companies can be which is why they are available to provide you with advice and guidance that can help you get the money you are looking to recover for your accident.
If you were involved in an accident in Huntsville, AL, we want to ensure you are treated fairly throughout the claims process and can get you connected with a local accident lawyer in Huntsville now free of charge who will be certain to do this.