KBD Insurance

I was in a car accident – what do I do now?

If there’s one universal truth when it comes to driving a car, it’s that everyone at some point will find themselves in a car accident. No matter who you are or how careful and conscientious you drive, there’s an overwhelming likelihood that you’ll find yourself in some collision during your life. It’s not if – it’s when.

In Canada, a land of just under 8 million registered vehicles, there are 160,000 reported collisions per year. While Canada doesn’t track unreported claims, some reports estimate that the number of total actual crashes may be closer to 500,000 per year. If you’ve ever driven on our slippery roads in the winter time or watched a neighbouring car driver staring down at their cell phone instead of looking at the road, you probably think that number should be even higher.

So now that we’ve established that there’s a reasonable likelihood that you’ll get into a collision in your life let’s review what to do in the event of a car accident.

What to do at the scene of the collision

What not to do at the scene of the collision

After you’ve exchanged information, call your insurance company immediately. They will ask for all the info you collected, as well as a recount of the accident. If your vehicle sustained any damage, you’ll need to bring your car to a repair shop to get an estimate. You’ll need to make sure that the repair shop is approved by the insurance company in advance.

From there, your job is basically done. The repair shop will send an estimate to your insurance company that will indicate the extent of the damage and how much it will cost to repair. Your insurance company will get the estimate approved by a SAAQ claims adjuster and approve, reject or modify the claim.

Depending on the details of your accident you can decide to claim the damage on insurance or pay for it yourself.

You may be asking why you pay for it yourself if you have insurance ready and able to pay for it? Well, depending on your insurance contract, your plan will have a deductible that must be paid before the insurance kicks in. For example, should your deductible be $500 and the estimate for the repairs is $2,000 you would be responsible for the first $500 and the insurance company would cover the remaining $1,500. In addition, your insurance rates will most likely rise thereafter, especially if you are considered responsible for the accident.

Luckily there are honest insurance brokers like KBD Insurance that have your back and are happy to help you out in a pinch. Find out more about their car insurance packages at kbdinsuance.com


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