The Claim Process – Third Party Insurance
Once you have filed your Demand Letter, you will proceed to the Claim Process.
In many situations you will want to get the third party insurer to settle with you rather than for you to submit the claim to your own insurance company. There are several reasons for this.
First, the third party probably owes you more than your insurance company covers under the terms of its policy with you.
Second many insurers will raise your rates or even non-renew your coverage if you dare to file a large claim with it.
The problem with this is that third party insurers are usually in no hurry to throw money at claimants in order to protect its insureds. So you may not be able to wait.