Insurance Claims

Insurance Frauds that financially impair the insurers

Submitted by carol on Tue, 10/30/2012 - 09:55
Insurance companies offer financial protection to the policyholders. In spite of all the precautionary measures and underwriting rules, the insurers themselves fall prey to the insurance frauds and end up paying for the inflated claims. Reports suggest that insurance frauds cost the industry more than 10 billions of dollars per year.

Steps to file your accident insurance claim

Submitted by carol on Fri, 08/06/2010 - 05:57

Most of the Accident insurance claims are meant for minor fender benders, broken windshields etc. At times you may need to file claims regarding your medical costs, property damages or wage losses. You might need to push your carrier and have patience while working towards your claim. You may follow a few steps to ensure a good compensation-

Contact your insurer

Things not to do when filing insurance claims

Submitted by carol on Fri, 02/05/2010 - 09:31
Insurance claims, though a simple in process, may become somewhat crooked, with the wrong moves. There are dos and don’ts of filing for a claim which if followed properly, might make the process smoother for you. Here is a list of don't s you must know before filing a claim in general:
  • Don't Be aggressive: Always keep a handy camera (disposable) in your car or you may also use your cell phone camera to take pictures of the accident scene. This is because you need to document the accident scene and taking pictures absolutely don’t mean you are being dramatic.

Insurance coverage for the mold damages

Submitted by carol on Fri, 02/06/2009 - 12:52
It is not surprising if you have met anyone who has shifted places due to the toxic mold damages caused to his home. If your insurance carrier is good enough to cover for it, then you are certainly lucky to have a six figure insurance settlement. On the other hand you do not stand the chance to avoid paying for the entire cost of your home. We are quite familiar with cases wherein the insurance carrier has denied mold damage claims. Many of us would simply love to believe that our policy would save us from mold damages while in reality it would not.