caskater47
Member
I have some experience with this. Had a similar situation several years ago. If you've already started a claims process with the insurance company then you should continue. Even if you don't complete the claim you've already marked both policies and will premiums go up.
If you haven't involved the insurance companies yet it could be worth letting them pay out of pocket for the goodwill. Make sure you get a legal agreement in place that will cover additional future damages that may result.
What happened to me was I started filing a claim and then decided to settle directly to be nice. My insurance premiums went up anyway even though I never completed the claim and it wasn't even my fault.
If you haven't involved the insurance companies yet it could be worth letting them pay out of pocket for the goodwill. Make sure you get a legal agreement in place that will cover additional future damages that may result.
What happened to me was I started filing a claim and then decided to settle directly to be nice. My insurance premiums went up anyway even though I never completed the claim and it wasn't even my fault.
Last edited: