3 Things Your Insurance Company Does Not Want You to Know When Filing a Claim
Insurance companies are always eager to take your premiums, but less enthusiastic when it comes to accepting claims. So, it is little wonder that many claims get rejected based in many cases on things that you may not be aware. Therefore, before you file a claim it is important to understand all relevant aspects of your insurance coverage so it has the best chance to be accepted.
Keep in mind that insurance companies will not go out of their way to inform you of all aspects of the claims process, so here are three things that they do not want you to know before filing your claim.
Consider that all claims have time limits that start from the day the damage occurred. If you wait too long, your claim will be automatically rejected. In many cases, you may have up to six months to file a claim. This is the standard time to make a filing because it allows you to find all the necessary information first. However, there are circumstances in which you may need to file a claim sooner than that, so be sure to read the fine print and talk to your insurance agent about time limits that are imposed by the company to file claims.
Not Enough Information
All claims have standards that must be met before you can file. For example, if you are filing a claim for damage to your car or truck, you will most likely need to get from one to three estimates from different repair companies. Do not automatically assume that one will be enough or that you have gathered all the information necessary. Instead, read over your policy guidelines for filing a claim and call your insurance agent. You may also call the claims office itself for more information so you can make sure that you have all the information necessary.
Everything You Say is Considered
When an insurance adjustor is on your property checking out the damage to see if it complies with the policy, they not only consider the damage itself but everything you say whether it is directed related or not. For example, if your insurance covers damage to the roof from a storm and you mention that previous to that your home was flood damaged because your kids overflowed the bathtub, the adjustor is naturally going to be suspicious. In their mind, you may be trying to have damage not covered by the insurance claim as well.
So, only answer the questions that the adjustor asks and never add any unnecessary information. What you say can be used against you in terms of having your claim approved, so do not volunteer any information that is not directly related to your claim.
By knowing these three things, you can maximize your chances of having your claim approved. If you are timely, complete with your information, and do not offer anything beyond that to the claims adjustor, your claim will have the best chance of making it intact through the process. Call Lionheart Contracting today to help keep your commercial insurance provider honest in the case of the unimaginable comes happens. 816-866-7090