You may have heard horror stories about people who, try as they might, were never able to get their insurance company to pay for promised coverage. The truth is, getting an insurance payout shouldn’t be a struggle. However, you do need to file your claims correctly and provide the necessary information. Here are some tips on how to increase your chances of getting a proper insurance payout for covered claims.
File a Claim Properly
First, you should know when to file a claim and when you should cover the costs on your own. Typically, it isn’t worth filing a claim if the damages are less than the cost of your deductible. It might be worth holding off even if damages are slightly above your deductible. This is because filing a claim might raise your premium. You should always file a claim if there is a personal injury involved or you simply can’t afford to cover the damages on your own.
When you do need to file a claim, file it properly. Insurance claims are all about providing the right documentation, so save and document everything. If you are dealing with an automobile accident be sure to take note of the other driver’s personal information, including their name, address, phone number, and vehicle information. File your claim online, through a mobile app, or over the phone. Be sure that all of the information provided is accurate. It is important to approve everything with your insurance company or adjuster. Do not sign any forms from contractors until they’ve been reviewed by your adjuster.
Take Photos
As the saying goes, a picture says a thousand words. That is especially true when it comes to insurance claims. Take pictures of the damage from every angle. You should also take detailed notes of each photo you take. You may think that the details of the accident are perfectly recorded in your mind, but it is far too easy to forget important information. If your claim is concerning an automobile accident, take pictures of the other driver’s license, license plate, and insurance card as well as the damage sustained by both vehicles.
File Promptly
Most insurance companies require claims to be made within a specified amount of time after the accident or damage occurs. This could be as short as 10 days. However, it’s always best to play it safe and file your claim as soon as possible.
Often, when insurance companies refuse to make payouts it is because the claim is outside of the policy requirements or isn’t filed correctly. Don’t hesitate to speak with a representative from your insurance company or your Agent to clarify your coverage and ask questions. It’s worth putting in a little extra effort on the front end to be sure that you understand what is covered and what is not.
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LEGAL DISCLAIMER
Views expressed here do not constitute legal advice. The information contained herein is for general guidance of matter only and not for the purpose of providing legal advice. Discussion of insurance policy language is descriptive only. Every policy has different policy language. Coverage afforded under any insurance policy issued is subject to individual policy terms and conditions. Please refer to your policy for the actual language.
