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When you've just been involved in a car crash, you probably wonder who will compensate your damages and healthcare. Well, it all depends on the circumstances of the accident. Four ways to compensate for damages sustained in a car wreck include the following: 1. Your own pocketIf the damages are not that significant and cost little money, you are advised to pay from your own pocket. No third party is involved when paying this way; investigations are usually short, your insurance remains unchanged and no hassle, in general. If the expenditures are higher than you can handle, you might consider using other sources of compensation.
2. Use your car insurance companyYour insurance should be able to compensate your losses, depending on the type of insurance policy you have signed for. Many of them include considerations for you and your car (considered to be the first party), and other drivers, the passengers or their property (the third party). There are contracts which cover personal injuries of the person insured and its passengers. Other policies could pay for repairs generated by collision and maybe for a car rental, if your own vehicle is being fixed as a result of the accident. Before claiming anything with an insurance company, most people try to see if it will be cheaper for their loss straight out of their pocket before thinking of using the insurance. That happens because premiums can be raised by accident payments. Anyway, the larger your loss is, the more chances you have to want your insurance company to cover your losses.
3. Turn to the health insurance providerIf you have your own private health insurance, when you get injured from a car accident, you could ask the insurer to pay for your treatment. There are situations where your private health insurers plan needs you to seek recovery from the auto insurance company before the health service will support the cost of your treatment. 4. The others involved in the accidentIn addition to the sources presented above, you are able to seek recovery from other people involved in the accident. However, the law may limit your ability to recover money from another driver. There may be a no fault law, which asks that each of the person involved in the accident to pay for the injuries from their own insurance bill. Also, if a fault law exists, then the person causing the accident pays for the damages. If you find yourself involved in any of these two situations, contact your insurer. The company's job is to either try negotiating a settlement in court, or defending you in court.
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