Each policyholder should follow the guidelines that have come with the purchased policy. Some of the guidelines state a specific length of time, such as 72 hours, as the time span given to all of the company’s policyholders. Other companies simply ask to be notified within a reasonable amount of time.
Under what circumstances would the absence of any notification create a real problem?
Any policyholder would be placed in an uncomfortable position if he/she failed to report a minor accident, and then learned that someone in the other vehicle had submitted a personal injury claim. That action would bring the accident’s existence to the attention of the insurance company with the non-compliant policyholder. That same person had failed to comply with the terms of the contract between the insurance company and the person that had purchased one of the company’s insurance policies.
If the driver had been uninjured, it might be assumed that none of the occupants in the impacted vehicle had sustained an injury. Yet, some occupant might develop late-appearing symptoms. If those symptoms were going to be shared with a given insurance company, then the same company ought to have some familiarity with the injury-causing incident. The reported symptoms would be part of a 1st person claim, one that would be made by someone that had insured his/her vehicle by purchasing a policy from the company that would later become the recipient of a report about some late-appearing symptoms.
Does issuance of a notification speed the rate at which the claims process takes place?
Issuance of a notification demonstrates the policyholder’s willingness to meet the requirements in a purchased policy. It helps to prevent the appearance of some issue that could slow the claims process. That same process is a key aspect of the procedure that could allow for creation of an agreement, followed by delivery of an award, as per personal injury lawyer in Grand Prairie.
Even issuance of a speedy notification from a policyholder that was involved in a rear-end collision could fail to ensure the rapid delivery of the desired compensation. It could be that the issued notification did not agree with all the facts that had been stated in a given accident report. For instance, it could be that the claims adjuster had learned about the request for coverage of repairs, but nothing about injuries.
In light of the received message, the adjuster assigned to that specific file might wonder why there had been complaints of an injury from someone in a 3rd vehicle. Still, the same adjuster would be ready to point to the same complaints, as justification for reducing the size of the funds for the repair work. As a result, all of those actions could delay the claims process.