Young man using laptop wearing striped shirt

What to do After You are Involved in an Accident

When policyholders file claims, they tend to be under a lot of stress because of the loss they experienced. Claims usually result after accidents, natural disasters, deaths, and other unfortunate events that make the claims-filing process even more arduous. To help you file as smoothly as possible, follow these tips.

  • Consult your policy immediately after the loss. When you purchased cheap insurance online, you should have received a copy of your policy documents. If you experience a loss, review your policy as soon as possible to determine whether the event is covered and how to go about filing.
  • Weigh the pros and cons of filing. Once you make a claim, you may have trouble finding cheap insurance online in the future. Insurers are not as willing to issue affordable coverage to policyholders who have a history of filing claims, so make sure you consider this fact before you make your claim. If the damage is minimal, you might consider just paying for the damage yourself to avoid rate increases.
  • Contact your insurer as soon as possible. As soon as you're able, let your insurer know about the loss. Most insurers have 24-hour service numbers that you can call toll-free to begin the process immediately. You can also contact your agent if you have questions about your coverage or how to file.
  • Get an estimate on the damage. Your insurer will need to send an adjuster to you to estimate the damage you experienced. Meet with the insurance adjuster as soon after the loss as you can so he/she can see the full extent of the damage. You might also want to have an independent appraiser evaluate the damage to your home or vehicle to make sure that the adjuster's appraisal is fair.
  • Save your receipts for incidental expenses. Your cheap online insurance policy will most likely cover the expenses you incur while your home or vehicle is being replaced or repaired. For example, with auto insurance, you can use your rental reimbursement coverage to pay for a rental car in the interim. With home insurance, you can use your living expenses coverage to pay for your food and lodging. Keep all of your receipts for these expenses to make sure you get reimbursed.
  • If you're unhappy with your settlement, review your policy arbitration clause. Most cheap online insurance policies contain a provision that calls for arbitration in the event a policyholder is unhappy with his/her settlement. Arbitration clauses usually require you to hire an independent appraiser, so that should be your first priority.
You can take care of all of your cheap insurance online comparison shopping without ever having to navigate away from our site.