How a Personal Injury Claim Can Affect Your Insurance Costs

How a Personal Injury Claim Can Affect Your Insurance Costs

After a car accident, you may choose to file a personal injury claim. This is typical, especially if you believe the other driver was at fault. What you may not know, however, is that claims may have an impact on your insurance policies. Here is what you need to know.

Will Your Insurance Pay?

After an accident, you will likely have medical bills. In order to afford treatment, you may wonder how much your insurance is willing to pay. While it is important to have someone that can discuss your insurance policies with you and what you may need to do next regarding insurance companies, here are some of the basics of what your insurance will do.

If you were at fault in the accident or if you were in an accident with an uninsured driver, then your insurance will normally pay. It is important that you have the proper insurance policies so that you can receive payment. Most do not like to think about what might happen if there is an accident or hope that they will not need coverage if they are in an accident with an uninsured motorist. It is important to keep in mind that there are uninsured motorists on the road and you need the right protections.

If you have medical payment coverages, then your insurance will pay for your medical care and those expenses. It does not matter if you were at fault or not. If you have personal injury protection, it can pay for your medical costs, but this policy is only available in no-fault states. Uninsured motorist protection will pay for your medical expenses if you are injured in an accident with an uninsured driver.

Will Your Premiums Rise?

If you file a personal injury claim, it can impact your premiums. The possibility of your premiums rising is real, so it’s important to understand the circumstances that cause them to rise. If you are completely not at fault, then you will not have to worry about your insurance premiums going up. The claim cannot affect you the other driver is at fault. However, if you are at fault or also negligent, then you may have to worry about premiums. This can affect you if you renew your policy.

When it comes to insurance policies, it can be complex. Don’t worry if you aren’t sure how to navigate your policy or if you don’t know if you have to pay. Set up a consultation with a personal injury law firm in Bethesda, MD who can help you navigate insurance costs.

Thanks to Brown Kiely, LLP for their insight into personal injury claims and insurance costs.