When should you file an insurance claim for minor damage to your personal vehicle? The answer will depend on several factors.
It is important to understand that any claim you file with your automobile insurance company is recorded by them . It may not be in your best interest to file an insurance claim for minor damages such as dings, mall dents, and scratches as such damages may fall within your deductible. In such cases, a claim would be declined.
However, you may not be the best judge of the repair cost regardless of how minor it may appear. Take your vehicle to a local body shop and ask them what the cost would be. If your vehicle is deeply scratched or dented, the cost might be higher than previously anticipated. If your vehicle is a high-end luxury vehicle, the cost to repair a scratch can be quite high. It may require several coats of factory manufactured paint for that particular vehicle in order to blend in with the car.
It makes sense to handle such small repairs to your vehicle from your own pocket even if the damage exceeds your deductible. For example, say your parked vehicle is scratched when another party opens their car door against your car door. If the damage is $700 and your deductible is $500 it would be better to pick up the difference on your own rather than to have a claim on your insurance record for $200.
The decision to file or not to file a claim depends on the amount of the damage, the deductible you have on your policy and your personal financial resources that can pay for the repairs.
Visit Makar Insurance Agency at 1130 La Brea Ave, West Hollywood, CA 90038, to get a smooth insurance claim settlement for minor accidents. Our team is willing to help you with your insurance needs.