If you have suffered an injury as the result of being involved in a serious car accident, you will have suffered damages in several ways. The financial damages such as the damage to your vehicle, the medical bills that you will have to pay and the lost wages that you will likely suffer are just the beginning. It is likely that you have also been through a great deal of pain, stress and suffering, and these emotional damages should be classed as damages just like any other.
The best time to start thinking about making an insurance claim for damages is after you have made a full recovery from your injuries. When filing your insurance claim, you may be confused as to the difference between first and third party claims. It is important therefore to take the time to learn about the difference between the two.
First and third party insurance claims
When you file an insurance claim with your own insurance company, this is known as a first party claim. However, in a situation where you file an insurance claim with a party that is not your own, such as another driver's insurance company, this is known as a third party claim.
Whether you file a first party or third party claim will depend on who was considered to be at fault in the accident. If you caused an accident, it is probably the best option to file a first party insurance claim. If you want to learn more about filing insurance claims in California, it is a good idea to conduct thorough research.