If you are involved in a fender bender, should you file an insurance claim or self-insure the loss and pay the repairs out-of-pocket?
When it’s NOT recommended to file a claim: If you are confined to your own property and there is only minor damage.
If you run into something like the pole of your basketball hoop or your garage door, producing only scratches or a dent to your bumper, this is an instance when you should self-insure the loss. The average bumper is generally inexpensive, and you’re most likely better off self-insuring the loss rather than risking a premium increase.
Yes, fender benders are minor accidents, but there could still be thousands of dollars worth of vehicle damage — to your engine, hood, cooling system, bumper covers, headlights — not to mention the potential personal injury and property damage. Even if you think you have a verbal agreement with the other driver, after all expenses are known, your “agreement” could change in an instant…
If you are in a fender bender with another car, don’t risk it and FILE A CLAIM. If you have any questions, please feel free to contact us at 845-986-1177. And always remember that our dedicated Claims Specialist, Linda, will be with you every step of the way!
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