A car accident can be a physically and emotionally traumatic event. In addition to this high toll, it can also damage your finances.
This is because a car accident is not a cheap occurrence – you will have to pay for medical care, car repairs, legal expenses, and other miscellaneous costs.
In addition, your car accident could result in your insurance claim being denied or you may have to pay higher premiums when you renew your car insurance.
Below we’ve outlined how an accident can affect you, from your medical care to your insurance policy – and what you can do about it.
Follow the log after a car accident to avoid problems with the insurer
The open road in Singapore is becoming safer and there is still a risk of a car accident. In this case, you need to follow a specific protocol to ensure trouble with the law and your insurer.
First of all, you need to call the emergency services and your insurer and exchange details with the other driver. Second, you should take photos of the scene, e.g. B. Vehicle damage, license plates, skid marks, lane markings, dirt and dashcam material.
If there are victims or people in need of medical care, you must call the ambulance or the police, being careful not to move any bodies, injured people or vehicles.
If you are the one injured, you need to stay on site and prepare to file a medical claim with either your health or auto insurer (assuming they offer a personal accident or medical benefit).
All claims must be submitted within 24 hours of the incident.
Your car insurance can cover personal accident and medical expenses
When you have comprehensive car insurance, you should be covered for personal accidents and medical expenses.
This can be very useful as medical costs after a car accident can be high, ranging from around a thousand dollars for minor injuries to tens of thousands for serious conditions such as brain injuries.
Since health care benefits are usually up to a certain limit, you can use them to fill gaps in coverage left by your health insurer or MediShield Life.