What is the difference between claiming insurance and settling privately?

1 Answers
MayaDella
07/30/25 8:21am
Here are the differences between claiming insurance and private settlement: 1. Protection aspect: Claiming insurance can serve as proof; private settlement offers no protection. 2. Convenience aspect: Claiming insurance is time-consuming and labor-intensive; while private settlement can reduce complicated procedures. Below are extended methods when your car gets scratched but the perpetrator can't be found: 1. Surveillance cameras: Check if there are any surveillance cameras nearby to identify the person who scratched your car. 2. Dashcam: If your car has a dashcam installed, review the footage to identify the perpetrator. 3. Service area compensation: If your car isn't equipped with a dashcam, check if the parking service area can provide corresponding compensation. 4. Insurance company compensation: If the service area cannot provide compensation, you can report it to your insurance company. Those with insurance coverage may receive certain compensation.
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