Accidents will happen. That’s what they say, but when it comes to your teenager, it seems like those accidents will happen all. the. Time.
That’s why you were so nervous about allowing them to drive. Suddenly this accident-prone loved one is behind the wheel of a very expensive and potentially dangerous accident waiting to happen.
You worried about them spinning out in poor weather, hitting another car or getting a flat tire in the middle of nowhere. As it turns out, your teen’s first accident didn’t fit into any of these dramatic scenarios. They didn’t even need to leave your property. Instead, in all their excitement to drive, they hopped into the car, put it in reverse and backed right into your garage door.
It sounds funny, and maybe 10 or 20 years from now it will be. But now? Now you’re stuck with a dent in the car, a bigger dent in your garage door — which doesn’t open — and the question of how you’re going to pay to repair all of this.
Do you file a claim?
You look at the dent in the garage door and you’re already wondering where your insurance agent’s business card is. You’re that certain you need to file a claim.
But once you’ve had a chance to think about it, you’re not so certain. After all, filing a claim is the easiest way to go. Insurance steps in and takes care of everything. That’s why you pay insurance after all. If you feel you’ll need to file a claim simply because you lack the cash to pay for the repairs out of pocket, expand your options instead. A short-term installment loan could provide you the money you need to handle the situation in the manner you deem best.
Installment loans can vary in amounts ranging to as little as $300 to upwards of $1,400 depending on where you live. One side benefit to getting an installment loan is that the monthly payment amount is affordable. Which gives you plenty of options to handle your teen’s latest accident.