Home Insurance Claims for Damages by An Automobile

When a vehicle damages your home, you have two options for filing a claim. You can either contact the auto insurance company or your homeowners insurance. There are pros and cons for each. Here are a few things to know about home insurance claims for damages by an automobile.

Contacting the Driver’s Auto Insurance

You can work directly with the auto insurance company tied to the vehicle or driver. Ultimately, they are responsible for covering the cost of damages anyway. By not filing a claim through your own homeowners insurance, you avoid adding to your claims history. Too many claims, regardless of fault, could negatively impact future homeowners insurance rates. Understandably, many homeowners find this fact the most appealing and will contact the auto insurance company directly.

However, there is a downside. Given that you’re not the customer of this auto insurance company, they do not represent your best interests. They also have little motivation to settle claims quickly or for the maximum amount. For this reason, many people consider the second option.

Filing a Claim with Your Home Insurance Company

Your second option is to file a claim with your own home insurance company. After paying your claim, they will then pursue reimbursement from the auto insurance. Generally, this provides a more pleasant experience. However, as mentioned above, it does get added to your claims history. Additionally, your home insurance company will apply the deductible even though you weren’t at fault. The deductible will be returned to you once they receive full reimbursement for the claim.

Which Option Is Best for Home Insurance Claims for Damages by an Automobile

So, which company should you contact for home insurance claims for damages by an automobile? It depends on a few factors, such as the severity of damages, your past history of insurance claims, your comfort level, etc. For major damages or where personal injuries are also involved, you might want to consult with an attorney. Once you accept payment from any insurance company, you forfeit rights to pursue further compensation. So, it’s important to fully understand your options and rights.