Archive for January, 2009

Tips for filing your car insurance claim

Wednesday, January 21st, 2009

Remembering finer details of procedure immediately after an automobile accident can sometimes be difficult. For this reason the tip for filing a car insurance claim is to remove oneself from danger if possible and depending on what type of injury if any has been sustained. If one has been seriously injured ask or wait for help and allow the police to make records of the event. If one is able to assess and handle the situation several steps can be taken in filing a car insurance claim correctly. The tips in this article are designed to facilitate efficient and effective claim(s) reporting and redemption for accidents in which the involved parties are not incapacitated by injury.

Document the Event:

Documentation is very important because insurance claims have the capacity to be legalistic. At the very minimum insurance, name and vehicle information for all parties involved should be attained. Otherwise the insurance company has very little evidence to file a successful claim. Other useful documentation includes cell phone, digital camera or traditional camera photographs of the vehicles, and vehicle points of collision in the original positions immediately after the accident occurred.

Call the Police and/or File a Police Report:

Depending on the severity of the accident the police may or many not be required to show up to the scene. If they are unable to be present at the scene the next best thing to do is go to the police station as soon as possible and file a police report. The police report will most likely require a written description of the event, multiple vehicle information, and personal information of all parties. Police reports add weight to the event and potentially give the insurance company legal recourse to the event.

Find Witnesses:

Eye-witnesses may be useful in the case of personal injury claims and/or law suits. Witnesses can be summoned to court to testify regarding the event and thereby could be of assistance in verifying details and events if they accurately report the event.

Call the Insurance Company:

The insurance company should also be called as soon as possible. If they are called on scene they should be able to ask important information related to the event, passengers in the vehicle and the extent of the damage. The insurance company may also be able to facilitate towing services and other arrangements regarding the accident. The company may or may not want to immediately send an inspector to the event right away. Sometimes they just wait for the damage assessment directly from the auto repair facility.

Visit a Doctor:

If there is any reason to visit a doctor in relation to an automobile a doctor can verify, document and treat the injury. Doctor’s and/or urgent care facility records may also be of use to the insurance company and provide evidence that may be legally tied to the accident. Also, if paramedics were required at the scene of the accident, a written report or documentation from the emergency medical services provider including time of arrival and treatment is useful to obtain.

Filing car insurance claims doesn’t always have to be a terrible experience. The type of accident will likely determine how much will be involved in terms of paperwork, time, reporting etc. If one has a reliable and helpful insurance company they should be of great assistance in recouping damage expenses related to a vehicle and/or personal injury costs. Utilizing the above tips can assist not only in efficiently obtaining one’s insurance claim, but also helps to ensure one will get all the amount of claim due and in as soon a time as possible.

Low cost add on for increased liability protection and peace of mind

Saturday, January 3rd, 2009

A personal Umbrella policy, is a policy that just like an Umbrella floats above your property (homeowners, renters, landlord, vacation home) Auto, motorcycle, boat etc. any personal insurance that carries liability protection.

In today’s economy, we are seeing an increasing number of people filing lawsuits to “supplement” their dwindling retirement funds in addition to people who have tasted the sweet nectar of tax free law suit settlements as sad as it may seem they are out there and they are always thinking if a lawsuit is possible.

An umbrella policy will not prevent a lawsuit from happening but it will give you the peace of mind that your assets are well protected. I have experienced it first hand, my wife had a small fender bender a few years ago with damages totaling less than $2,000.00 a couple of months later we received a letter from an attorney suing my wife and my 4 month old child (he was a passenger) for 3 Million dollars for pain and suffering.

Three years passed and the insurance company settled for a fraction of the suit, a very small fraction. My personal umbrella policy gave me the piece of mind that regardless of the outcome my assets were protected, and that my insurance company would take care of the attorneys fees and court appearances, as a matter of fact over the entire ordeal our insurance company told us not to worry and to let them do their work. We spoke to the attorney four times during the entire time and then we received a letter telling us that the suit was settled and that we were done.

Until then I knew I was paying for this policy but I never paid too much attention to it, my agent told me I needed it and I believed him, and the 25 dollars per month premium seemed reasonable for millions of dollars in coverage. After the suit I looked more into it actually read the policy when the renewal came in and found out all of the claims it can protect me from.

I was especially interested in the coverage against suits arising from the injury of guests in my house, as a father with a child with friends coming over I had always the fear if something were to happen to one of the kids, I still do of course I don’ want anyone to get hurt, but if that were to happen I know that I am protected, this has allowed both me and my wife to relax and let the children play without being too apprehensive.

It is also important to remember that many states if not all, allow law suits awards to be attached to wages, just like child support is, some states will also allow a plaintiff to go after a retirement fund, and of course your assets as well like your home, your bank accounts, cars and anything that could be sold and tuned into cash, so the idea that many have that if they don’t have a house to lose they don’t have to worry about a lawsuit is wrong.

Even those who rent should carry an umbrella policy, or at the very least a renters policy, remember that if you have guests and offer them wine and then they get into an accident, the person they hit could very well sue you as well, as the person who served the beverages to your friend.

And a policy that costs as much as a cup of Starbucks Coffee a day, is a well worth investment.

I always carry with me my insurance agent’s card, in the back he wrote “insurance is like a parachute, if you don’t have it when you need it, it’s too late.