Most people don’t think about keeping their home damage proof until they go to compare homeowners insurance rates and are given a sobering reminder of just how much out of pocket they actually spend each year. If this sounds like you, you’re probably presently consumed with seeking out cheap and easy ways of avoiding having to file an insurance claim that’ll subsequently boost your rates higher than you’re already forking over.
If you just so happen to live someplace where the risk of frozen water pipes in winter can lead to unpleasant watery surprises, we’ve got a great tip that doesn’t even involve you getting your hands dirty. All you have to do is keep your thermostat set to 65 degrees. Or warmer, if you don’t have an issue paying a higher monthly heating bill. But what does keeping your house warm have to do with preventing burst pipes? Everything, in fact.
If not insulated properly and if the weather dips low enough, the pipes that are located in your walls can freeze over during winter and can burst. You want to talk about being faced with higher premiums the next time you compare home insurance? Filing an insurance claim that includes broken house plumbing and flooding will do it every time. Keeping your inner walls at a minimum temperature of 65 degrees, however, can help prevent that from happening.
Saving money isn’t the only reason to compare homeowners insurance rates. Doing so on a regular basis will also keep you constantly aware of your coverage limits so that you can boost them or lower them depending on certain inherent environmental risks. Visit www.agentinsure.com to compare rates today.
A camera carried in your car would be a perfect evidence to document the case and make your claim process easy and fast. Now that you are aware of what needs to be done when any accident occurs, you will also be curious to know on how an insurance company will assist their clients during their time of need. When it’s related to car accident and insurance claim, make sure it is documented correctly. Let any incident not surprise you as to when it occurred and how? What it resulted in and who were the victims of it? There can be twist in the story.
When Accident Occurs
An accident occurs, be it your fault or the other driver’s, people will be apologetic and seem to be very co-operative at the scene of accident. Do not be amazed when the story changes. For the fact, no one would admit their fault and bare heavy expenses. Though you follow the required steps, be calm and report to the police, you do not want to end up in a mess when filing claims. Be it the cops or the insurance company, they would require evidence in order to support and stand by you.
Carry A Camera
Placing a camera in your car’s glove compartment does benefit you in documentation process. You can take pictures which can help you when the other driver is found guilty. Even if you are liable for an accident, still take pictures in order to document damage severity. Some people do wait for an opportunity and take advantage of a claim. A try to receive much more than what they are bound to get as you are paying. Below are some tips for you to consider:
- Call the cops and inform your agent or the car insurance company. All your vehicle related documents, insurance and license will be verified.
- Do not block the roads. Clear your vehicles from lane to avoid traffic.
- Most importantly, take enough pictures to cover the incident much before you move your vehicle from the spot. Remember, you are capturing the proof here in order to make your claim process effortless.
Homeowner’s insurance is a wonderful thing to have, and can be a lifesaver. But its effectiveness and affordability rests greatly on your ability to know exactly when to use it, and when not. Many homeowner insurance companies view your claim history and the frequency with which you file claims as a benchmark to determine what your monthly premiums will be. Sometimes, filing a claim when it’s not necessary could only serve to increase the amount you pay. Here are a few tips to help you know when filing an insurance claim is in your best interest, when it’s not, and how it can affect you in the eyes of most home insurance companies.
When should I file an insurance claim?
Deciding on whether or not to file an insurance claim may sound like tricky business, but it’s actually not. It’s just a matter of common sense. You should consider filing an insurance claim if you find yourself in any of the following scenarios.
- If the damages aren’t your fault and you know they’ll be covered. For this reason, it’s important to always have a copy of your homeowner’s insurance policy that you can reference at a moment’s notice.
- If you haven’t filed an insurance claim in several years. The facts are, homeowners who file frequent insurance claims are considered greater risks and are therefore charged more for their insurance premiums.
- If the damages are substantial. Determining this might not be as simple as it sounds and often requires a professional estimate. If the dollar amount of the necessary repairs far exceeds your deductible, file an insurance claim.
When should I not file an insurance claim?
There’s a time to file, and a time to pay out of pocket. Knowing the difference may cost you a bit more now, but could save you a lot of money in the long run. You should consider not filing an insurance claim if your circumstance meets any of the following criteria.
- If you know the damages won’t be covered by your insurance policy. For instance, if your roof springs a leak as a result of some poking around in the attic that you shouldn’t have been doing, don’t bother filing a claim. Keep a copy of your insurance policy handy nonetheless to determine what will and won’t be covered.
- If the estimated damages are less than your deductible. This means that if your deductible is $1000 and the cost of repair is $500, there’s no sense in filing a claim.
- If the estimated damages are equal to or close to your deductible limit. Think it over. If your deductible is $1000 and the total cost to pay for repairs on your own are going to run $1500, you might be better off handling it yourself and not filing a claim. Filing a claim could save you $500, but will cause your monthly payments to increase significantly.