Archive for category Accident Insurance
Accident Insurance Claims
Posted by in Accident Insurance on September 18, 2011
Nobody likes to be involved in an untoward incident, such as an accident. And if that has happened, filling for accident insurance claims can be equally daunting. The following article offers some suggestions on how to deal with insurance companies while making accident insurance claims.
Deciding on which insurance policy to purchase is not easy, as it involves going through numerous documents with umpteen inbuilt clauses in each of them . Most of us buy insurance policies based upon all frivolous reasons, such as if our friends have bought this policy so it must be good, or if the insurance advisor seems nice and friendly, we buy the policy. The problem arises when we are in an accident situation and have no clue about how to go about filing accident insurance claims. If you find yourself in such a situation, do not get disheartened. Here are some suggestions regarding insurance policies and claims, which are sure to help you.
Understand the Policy
When undertaking a car insurance policy, make sure that you have fully understood the extent of coverage your policy provides, in the case of an accident. Thoroughly read the insurance policy and ask either of your insurance broker and insurance agent, to explain to you any clause which you might not have been able to understand. This will ensure that if any untoward incident, like a car accident or injury happens, you know what and how much to claim for.
Things to Remember at the Accident Site
If you have had an accident, immediately contact your insurance agent. If possible, take the pictures of the accident or related injuries, as they might be handy for the accident insurance claims. Try to collect as many details about the accident as possible, such as taking down the contact details of the eyewitness, as all these things will help you when making car accident insurance claims. If there are other people or vehicles involved in the accident, make sure of taking down their insurance details too. Read more on cheap auto insurance.
Things to do Post the Accident
File for the accident insurance claims as soon as possible, without any delay after the accident. This is because of the fact that the insurance companies have a particular time period within which the insurer has to file the claims. If that time period expires, for any reason, the insurer will not be eligible for making any accident insurance claims.
Once the accident insurance claim procedure has begun, remember to make written notes of all the dealings that you might have with the insurance company in the future. Be very honest in your dealings with the insurance agents, as lying when making accident insurance claims can be considered very negative and you may be even denied the claims. Also, retain all the bills of expenses incurred on account of the accident, such as bills pertaining to the repair of the damaged vehicle or bills of the various medical treatments that have been undertaken on account of accident injuries.
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Accident Insurance Settlement
Posted by in Accident Insurance on August 5, 2011
Just had an accident recently? Worried about the accident insurance settlement procedure? Don’t worry, you have come to the right place. This article will give you some important details regarding car accident insurance settlement. Read on…
Accident insurance also called personal accident insurance is a kind of insurance policy, wherein, the policy holder receives cash cover from an insurance company, in case he or she meets with an accident. Accident insurance helps you in paying your hospital bills and in case an unfortunate incident befalls, wherein, the policy holder dies, the family receives cash benefits. Even though death of your near and dear ones can’t be replaced by money, it at least gives you something to fall back on in times of need. You need to claim your accident insurance settlement as soon as you possibly can, as different states and companies have varying rules of the time limit within which you need to apply.
In case you meet with a car accident and you are thinking of an accident insurance settlement, there are a few things that you need to do. You first need to report this unfortunate incident to your insurance company and file an auto insurance claim. Once your claim is submitted a claims adjuster will get in touch with you either by calling you, through email or through post. A claims adjuster is an employee of the insurance company and he or she is exclusively responsible for dealing with accident insurance claims. The person then goes through your policy, to decide the coverage types you are entitled to, coverage limits and deductibles applicable.
If the car insurance claim is not complicated, i.e., there is minimal damage and very little or no medical treatment required, the adjuster calculates the estimates and sends you a check. No doubt you will have to fill up some documents before you can en-cash your check, but you don’t need to meet the claims adjuster in person. On the other hand if the claim is complicated i.e., the coverage of your policy is not enough or you disagree with the amount offered, it will take longer for the whole process to be complete.
Estimation of Insurance Claim
If the accident claim is highly complex, claim adjusters investigate the claim, so that, they can assess the liability of the insurance company. They would not only go through your policy, but they would also get in touch with accident witness, go through the report prepared by the police, consider the view of the other party in the accident, take pictures of the accident site and your vehicle and get a detailed report of your medical expenses. In case, you want to cover the medical bills, the adjuster would give you a medical authorization form, which you need to fill up and send back to the claims adjuster. Once all these are taken into consideration, the claims adjuster will make an estimate, after which a car accident insurance settlement offer is sent. You may like to know more on how to buy auto insurance.
Offer of Settlement
The accident insurance settlement offer would typically have a figure, which they will offer to pay. The amount may be equal to the amount you claimed or it could be a part of that. It is up to you to decide to accept it or not. Usually, the settlement offer which is sent for the first time is lower than the amount you claim. After all it is the job of the adjuster to save as much money as possible for the company and at the same time offer you a good insurance settlement for car accident. As such, he or she offers an amount which leaves room for negotiation.
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