You’re commuting to work when out of nowhere you’re rear-ended. You’re ok, and so is the other driver, but there’s extensive damage to your vehicle that needs to get repaired. After altering the police to the accident, it’s now time to exchange insurance information. At this point, do you involve your insurance agency? That depends.

According to Tackett Insurance Inc, there are three scenarios that you’ll face when in an accident that’s not your fault: the other driver is insured, underinsured, or uninsured.

If the driver is insured and can cover the amount of damage to your vehicle, there’s no reason to involve your insurance company as you won’t need to file a claim. However, it’s always a good idea to let them know when you’ve been in a no-fault accident because they’re on your side and you never know what issues could come up in the future. Also, your premium will not rise when the other insurance company is covering the costs in Memphis, TN.

If the driver is underinsured or uninsured, you may need to file a claim with your insurance company to pick up the rest of the amount it will take to get your vehicle repaired. This is where your policy kicks in to help you out. As long as you’ve been a good driver and haven’t had a string of accidents, your premium should not go up. Once your claim is exhausted, the rest of the amount, if any, will have to come out of pocket. That’s why it’s always a good idea to have maximum auto coverage, and beyond that, umbrella insurance to cover any future scenario that might happen.

To learn more about purchasing auto insurance or upgrading a current policy, contact the team at Tackett Insurance Inc, serving Memphis, TN.