In most cases, making a claim on your Carolina car insurance is fairly straightforward. Your insurance agent reviews your policy for the types and amount of coverage you carry, and arranges to have an adjuster work up an estimate of the cost of repairs necessary. If the amount of the repairs exceeds the value of the car, they can declare it a total loss and give you a cash settlement instead of fixing it. The agent refers to your Carolina car insurance policy before disbursing money to see if there are deductibles for payouts, and subtracts them from the total money being distributed. If two cars are involved in an accident, fault can be assigned in the accident, and the two insurance companies can work out payments based on the liability of each driver.
That’s a straightforward process that’s easy to understand. What happens if you crash a car you own into another car you own? While that doesn’t happen very often, it could happen. Not only does it complicate matters when determining how to make a claim against your Carolina car insurance policy, it can be further complicated by the details of your policy or policies. Here is the most likely way your insurance claim would go forward.
When you’re involved in an accident, your insurance agent first looks at any liability you might have incurred. When you cause damage to another person or their property, you’ve incurred a liability. In order to drive a car in the Carolinas, you are required to carry a certain amount of liability coverage. A problem arises when you also own the property you damaged. You can’t legally owe a liability to yourself, so liability insurance does not come into play.
If your Carolina car insurance policy has collision insurance, you should be able to recover insurance from the accident. However, both automobiles must be insured for collision to collect insurance on damage from the accident. If only one car has collision insurance you’ll only get one payout.
There’s one more detail to this unusual situation that can cause confusion. Your auto insurance policy probably has some form of deductible that must be met before the insurance company pays a claim. That deductible will apply to the payout on both cars. That is, you’ll pay a deductible twice on the accident, one for each car, even if the second car is parked and has no one in it at the time.