Much depends on the insurer's perception of your risk for a claim. For example, suppose you own several expensive automobiles and have a history of reckless driving. In that case, you will likely pay more for an auto policy than someone with a single midrange sedan and a perfect driving r...
Imagine this: A late-spring storm rips through a Georgia suburb, tearing off roofs, shattering windows with golf ball-sized hail, and flooding basements with the swollen currents from an overflowing nearby creek. When homeowners go to file an insurance claim, ...
You don't have to accept your insurance company's first offer An insurer will either deny a claim, or accept it and make a payment — but it might not be an amount that you believe is enough to repair the damage to your home. In that case, you can file an appeal. To do that, ...
Before an insurance company will reimburse a pet owner or cover a claim, the pet owner must meet their deductible, which varies depending on the policy. Providers also only reimburse a set percentage of costs, usually between 70% and 90%. Pet owners are responsible for any remaining expenses...
This is a common insurance company tactic. They will first deny your claim and then, once you have hired an attorney and are preparing to file a lawsuit, they will offer you a lowball settlement in an attempt to avoid having to go to court. This sort of technique is in breach of the...
Getting renters insurance from the same provider you haveauto insuranceor another policy can earn you a discount. Many insurers also offer rate reductions for renters who pay their premiums in whole up front, who haven't filed a claim in a certain timeframe or for installing safety and securit...
"This pays for you to have a place to stay, laundry services and more," Shannon Martin, an insurance expert at Bankrate, told CBS MoneyWatch. "When you file a claim, ask if they will expedite that portion of the claim payment so you can find a place to stay."...
After you have an inventory, follow these steps to file a renters insurance claim: Inform your landlord.While they probably won’t have anything to do with your claim, most leases require you to inform your landlord about such events. (For more information, read our “How can you get your...
Insurance companies believe seniors have a higher likelihood of filing a claim because older drivers, especially ones over 75, are statistically more likely to be in an accident and drive an older car that is harder to find replacement parts for. Fatal crashes increase noticeably starting with dri...
uncertainty. It provides opportunities for those who wish to hedge against the unknown by entering into contracts to share in the risk of unfavorable outcomes. From the perspective of the insurance sector, the function of the business is to assess premiums to generate income that exceed claim ...