Auto Insurance AUTO

Auto insurance protects you against financial loss if you have an accident.

Read More
Homeowners Insurance HOME

A standard policy insures the home itself and the things you keep in it.

Read More
Business Insurance BUSINESS

Discover the perfect insurance options to meet your specific and unique needs.

Read More
Contractors Insurance CONTRACTOR

Browse a variety of insurance options in order to find the right one for you.

Read More
Medicare Insurance MEDICARE

Learn about different medicare coverage to fit your specific needs.

Read More
Travel Insurance TRAVEL

Finding insurance doesn't have to be difficult. We do the work for you.

Read More

So You Had an Accident....What Now? ?

If your freaking out about your first (or 10th) accident and want to know what is going to happen next, here is some helpful information on the settlement procedure...

1. The claim will be estimated; this might require a claims adjuster to investigate, but after all of the documentation is gathered the insurance company will issue a settlement offer.

2. To little? Sometimes the adjuster will under-estimate the claim, which will require the insured to request for additional funds

3. Demand more! If the estimate won't cover the full cost of repairs, a demand letter can be sent outlining why the insured wants additional funds

4. Lets Negotiate. This is when the insurance agency and the insured will negotiate a fair settlement offer to cover the necessary costs of the accident claim. Sometimes this may 
                              require a lawyer or speaking with higher authorized personnel like management.

Its important to understand that as an insured they do not have to accept the initial offer of settlement. They have the right to request for additional damages, just advise them not to try and be "rich" from the settlement, there is such thing as insurance fraud...

And yes - once you get the Attorney we can only speak through them. So think about it before you act.
Posted 8:47 AM

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive

View Mobile Version
Share Kindness
© Copyright. All rights reserved.
Powered by Insurance Website Builder