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Filing An Insurance Claim


Everything seemed pretty simple when you purchased that insurance policy. If you have a loss, just tell the insurance company about it and you will get paid - Right? Well.... it may not be quite that easy. There are some basic steps you should follow to make sure your insurance claim is paid quickly and fully.

Prepare - in advance. The single most important thing that will make your life easier in the event of a loss is to be well prepared in advance. Do you have offsite copies of your computer files? What about paper files? If this is some kind of property loss, you will need to document the value. If you have to try to reconstruct records that were destroyed, it will delay your insurance payment and make it much harder for you to prove the value of your loss.

Estimate your loss. While it may not be possible to know the full extent of the loss, develop an estimate. If it is close to or below your deductible, you are probably better off not filing the insurance claim. Your rates will be based in part on your claims history so there is no advantage to you in filing a claim you will end up paying for out of your own pocket. Be careful, however, as most insurance policies require you to report a loss within a certain timeframe, usually 2 - 4 weeks.

Call your agent. Many insurance companies ask that you report your claim directly to the claims department. This is more efficient for them but not necessarily better for you. Your insurance agent may represent the company but his income depends on keeping his customers happy. Independent agents, in particular, are small business owners and owe their primary loyalty to their business. If you're a small business owner, your insurance agent understands that his business depends on keeping his customers happy.

Keep in touch with the adjuster. Ultimately the insurance company will assign an adjuster to work with you to estimate and pay the loss. Work closely with the adjuster and respond quickly and completely to his requests for information. The easier you make his job, the quicker you will get paid.

Consider an independent adjuster. If your loss is large and complex, it may pay you to hire an independent adjuster to work on your behalf. If you do decide to take this step, make sure you hire an adjuster who has experience with your type of business loss.

Lana Hampton makes it easy to find the insurance that's right for your needs. Visit her Insurance website today for the latest news and information.


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Insurance - Google News

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California wildfires: New bills aim to ease insurance headaches - Santa Cruz Sentinel


Santa Cruz Sentinel

California wildfires: New bills aim to ease insurance headaches
Santa Cruz Sentinel
Last year's deadly wildfires killed at least 45 people and destroyed or damaged more than 21,000 homes and 728 businesses, according to the California Department of Insurance. One thing became clear to Dianna Gaines after comparing notes with friends ...
California lawmakers propose bills to beef up disaster insurance coverage San Francisco Chronicle
California Commissioner and Legislators Unveil Wildfire Insurance Bills Insurance Journal
California Legislators Propose Greater Wildfire Insurance Protection CBS San Francisco Bay Area
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GOP to Use Children's Health Insurance as Lure for Averting Shutdown - New York Times


New York Times

GOP to Use Children's Health Insurance as Lure for Averting Shutdown
New York Times
But Democrats would still be left with a difficult political decision: withhold their votes unless the plight of such immigrants, known as Dreamers, is addressed and risk a government shutdown, or vote to keep the government open and fund the Children ...

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Troubles Push GE to Consider a Breakup - Wall Street Journal


Wall Street Journal

Troubles Push GE to Consider a Breakup
Wall Street Journal
General Electric Co. GE -2.93% is considering breaking itself apart, a dramatic move that would mark the end of one of the oldest and largest U.S. conglomerates. The 125-year-old business, which was once the most valuable U.S. company and still employs ...

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How To See The Dentist Without Insurance - NBC 5 Dallas-Fort Worth


NBC 5 Dallas-Fort Worth

How To See The Dentist Without Insurance
NBC 5 Dallas-Fort Worth
A dental savings plan isn't health insurance but it does connect you to a network of dentists who have agreed to provide discounts on their services. Consumer Reports says you can also negotiate with your dentist to see if they can offer you a lower ...

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Enlarging insurance pool makes sense - Baltimore Sun


Baltimore Sun

Enlarging insurance pool makes sense
Baltimore Sun
Dan Morhaim for his continuing focus on improving the state's procurement processes to benefit taxpayers (“Pooling insurance makes sense for Maryland,” Jan. 10). Once again, he proposes an innovative approach to saving taxpayer dollars and improving ...

GE reignites break-up talk after $11 billion insurance, tax hit - Reuters


Reuters

GE reignites break-up talk after $11 billion insurance, tax hit
Reuters
GE said it will provide another update on its review in the spring. A decision could come then, CNBC reported, citing sources close to GE, adding that a breakup was “likely.” GE's fourth-quarter $11 billion charge includes $6.2 billion after tax for ...
At GE, $6.2 Billion Charge for Finance Unit Hurts CEO's Turnaround Push New York Times
GE shares dive after 'deeply disappointing' $6.2 billion insurance portfolio charge CNBC
GE renews break-up talk after $11 billion insurance, tax hit Yahoo Finance
Seeking Alpha  - Washington Examiner  - Insurance Journal  - Zacks Investment Research
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Oklahoma Says Farmowners Insurance Program Insurer, Rockingham, not Licensed - Insurance Journal


Oklahoma Says Farmowners Insurance Program Insurer, Rockingham, not Licensed
Insurance Journal
The Oklahoma Insurance Department says a farmowners insurance program being advertised in Oklahoma is not valid because the insurer, Rockingham Casualty Company, is not licensed to operate in the state. In early January, Rockingham Casualty and Edmond ...

3.2 Million Americans Gave Up Health Insurance Last Year, Study Finds - New York Magazine


New York Magazine

3.2 Million Americans Gave Up Health Insurance Last Year, Study Finds
New York Magazine
Volunteers provide free dental services to patients at the Remote Area Medical (RAM) mobile clinic on July 21, 2017 in Wise, Virginia. Photo: John Moore/Getty Images. Donald Trump and his congressional allies spent most of last year trying to push 22 ...
Number of Americans without health insurance jumped by more than 3 million under Trump CNBC
Number of Americans without health insurance grows in Trump's first year, new figures show Los Angeles Times
The number of Americans without health insurance jumped by 3.2 million in 2017 — and Congress could be to blame Business Insider
ThinkProgress  - KGO-TV  - Insurance Journal  - Gallup News
all 53 news articles »

E&S Exit: State Auto's Rockhill Sells Environmental Insurance Renewals to CapSpecialty - Insurance Journal


E&S Exit: State Auto's Rockhill Sells Environmental Insurance Renewals to CapSpecialty
Insurance Journal
“CapSpecialty is committed to offering our wholesale brokers and insured customers access to strong environmental coverage, and Rockhill's appetite, products and focus on small to mid-sized business are all well aligned with those of CapSpecialty ...

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