How long does it take insurance companies to settle a minor auto accident claim?
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Answer:
You must be insured with Geico.sounds too familiar.
Has your insurance company provided you with an estimate of your damages? If so, it will show you what they are paying or not paying. Chances are if you are damages are over your deductible you're paying your deductible. If the damages are under your deductible...you're paying for the repairs yourself.
This means.you received the info on if you have to pay your deductible or not. The deductible applies period,. One more thing...your deductible only applies to YOUR car, not the other person.
If they haven't given you an estimate, why haven't you had it inspected?
Wait- what do you think youd have to pay?
If they accepted liability your property damage would cover the other drivers damages.. you dont pay anything out of pocket unless your vehicle was damaged and you would owe your deductible if you wished to get it fixed.
If it's been closed for a month, it obviously didn't take them long. They found you at fault, and paid out the claim. It won't affect you until (unless) your rates go up at renewal time. If you want to know how much they paid out, call them up and ask them, I'm sure they would tell you if you are interested.
If the case is closed your insurance has already paid to get the other car fixed, you aren't going to have to pay anything, thats why you have insurance.
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