subject: Know what your insurance can claim after an accident [print this page] Know what your insurance can claim after an accident
Having a car accident is a stressful event that can generate many questions and confusion. If there were no injuries, it is important to fill out a settlement with the other people involved, and to notify their insurer as soon as possible. If anyone is injured, the police will intervene and will produce an accident report. In both cases, you'll probably submit a claim to your insurance company. Here's what you need to know about compensation for injuries and damage that can be claimed and the amount of money you might receive and what will happen to your vehicle, depending on the situation.
In Quebec, all automobile drivers are required to be insured. Car Insurance Society of Quebec, or SAAQ, is a public insurance plan that compensates drivers injured in case of injury. Regarding property damage, they are covered by private insurance. Each driver must be insured for a minimum of $ 50,000. The plans are in Quebec without regard to liability, which means that you can not sue another driver in the hope of receiving greater compensation. Your compensation will be paid entirely by the SAAQ or a private insurer.
The amount will be paid as compensation for damage will depend on your type of insurance, and also your responsibility in the accident.
Auto insurance against property damage caused to other vehicles called the liability, and is mandatory. Insurance against damage to your own vehicle, meanwhile, is optional. Suppose you are assured that liability, and you have an accident involving another driver. If you are found responsible for 100% of the accident, your insurer will pay for all damages caused to the vehicle the other driver. You will, however, no compensation for damage to your own vehicle. If the other driver is found responsible for 100%, you will be compensated by his insurer, as will also be compulsorily insured for liability. If you are both responsible for the accident, the expenses paid by your insurers will depend on your respective share of responsibility. Also, make sure to visit tuner cars website if you own a modified car.
When you are able to receive compensation for damage to your vehicle, it may take the form of replacing your vehicle, or repair. If your insurer estimates that the cost of repairs exceeds the value of your vehicle, or when your vehicle is a total loss, you will receive financial compensation equaling the value of your vehicle, not at the time of his purchase, but at the moment of the accident. If your insurer considers it possible to repair your vehicle for a lower cost than its value, it will be repaired.
While it is obviously more advantageous to avoid being involved in a collision, it is important to be assured to receive compensation when an accident occurs. To do this, we must check with his insurance company to be sure to subscribe to the type of insurance corresponding to their needs and budget.
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