Are there problems if the parties involved in the accident are insured by the same insurance company?


The best insurance companies would usually have a lot of policy clients. Good insurance management attracts more and more policy shoppers to avail the insurance packages the insurance company offers. However, with multiple insured accounts the companies are raising the probability that two of their policy holders will be in the same accident or other issues that require insurance compensation. In these types of situation most insurance companies have its own special offices that will conduct a full blast compensation adjustment for both of the involved parties. The adjustment will be based on the “fault” contribution of the parties involved in the accident.

Accidents with drivers holding the same insurance policy under the same insurance company are not rare incidents. Policy holders and even policy shoppers can be assured that even in this situation, insurance companies have already created an evaluative tool that they will use for subrogation issues. Subrogation is the action taken by the insurance companies in pursuing the at fault party to compensate for the losses of the other party. This is a process that can only be made through evaluations like parties’ investigations and even on the scene assessments. Subrogation is also a routine process that is always used in handling accidents, even those that include drivers insured by the same company.

Making claims for compensation would require evaluations which can only be arrived at through good communications. The insurance companies are deemed to have enough resources to create a good line of communication with the parties involved in the accidents. There are limitations to this communication that the insurance companies usually encounter. The unwillingness to participate of one party is enough to make the release of the compensations like the deductible and repair reimbursement longer. There are more limitations which are even harder to overcome other than unwillingness to participate; to the worst cases there are even cases wherein the “at- fault” party evades the investigation to avoid fines and sanctions. It can be said, that faulty communications are not in the best interests of both the insurance company and the policy holder. This situation is avoided if both parties belong to the same insurance company. The time and effort needed to be able to process a claim is dramatically shortened due to the fact that the company has the records of both involved parties. So far, being insured with the same insurance company will not be a hindrance in making claims by parties involved in an accident.