My insurance company sent me a check that isn’t enough to cover the cost of my damages. Now what?
You’ve been involved in an accident and you are now receiving a check from your insurance company. The amount they provide you with is the amount the insurance adjuster believes is enough to cover your damages. But is it? This is a question that often comes to mind for many accident victims yet far too many decide to accept what the insurer has provided and cash the check. But, did you know there are other options?
What if that check isn’t enough to replace your bumper but only enough to cover half that expense? How are you going to get the rest? Obviously, you don’t want to have to spend any of your hard-earned money to cover these costs associated with this accident you didn’t cause, however, what choice do you have if the check isn’t enough?
Well, our accident lawyers in Fayetteville, North Carolina can tell you. While having an accident lawyer to represent you in court is just one of the benefits of hiring them, they can also provide you with an abundant amount of information you probably weren’t even aware of. This includes what your accident claim is actually worth, what you can do to avoid being taken advantage of by your insurance company, and even what to expect if you were guilty of causing a crash in Fayetteville, NC.
Our Fayetteville, NC accident attorneys can help you rebut your insurance company’s decision
If you aren’t comfortable with the amount your insurance carrier has provided you with, don’t settle. According to the North Carolina Department of Insurance, if you are a first party claimant, which means you filed your claim through your own insurance, and disagree with the amount of the loss, “your policy contains an “Appraisal Provision”, where you and your insurance company select a competent appraiser and the two appraisers will select an umpire.” The appraisers will determine the Actual Cash Value and the amount of the loss. If the two aren’t in agreement, their differences will be submitted to an umpire. “A decision by any two will be binding.” Keep in mind that the cost associated with hiring an appraiser and an umpire fall on both you and the insurance company to pay.
If you are seeking assistance with this process, our Fayetteville accident lawyers are the professionals to call upon.
Other important facts regarding North Carolina’s Insurance Laws
It is important that while you might not be satisfied with the check your insurer carrier has sent, you are aware of your policy and limits and the state laws that apply to accidents. Understanding this can make the claims process a whole lot easier to understand. Therefore, below is some information that may be of some use to you right now while you consider giving us a call to get your free consultation scheduled with our trustworthy accident lawyers in the city of Fayetteville.
- While the insurance company can recommend you a repair shop to get your vehicle fixed, you have the right to select the repair shop of your choosing.
- The amount your insurer is willing to pay should still be provided regardless of the repair shop you choose to take your vehicle to.
Don’t let your insurance company or that of the other party involved get away with providing you with less than your claim is actually worth.