When To Make A Car Insurance Claim

September 23, 2014 | Author: | Posted in Insurance

Many people have asked themselves this question: should I file a car insurance claim if I have been in a really minor accident or a small-time collision in a place like a parking lot? This can be a really difficult question to answer. Everyone knows that filing a claim can result in higher car insurance premiums, but it is very difficult to know how much the increase will be and for how long.

However, even if the total value of your personal property is only in the hundreds of dollars, having a renter’s insurance policy could still be very beneficial. It may only cost you $500 to replace your television, but your personal liability really has no limits. Theoretically, a guest in your rental house or apartment could trip on your coffee table, fall and sue you for $100,000. If you have a renter’s insurance policy, your insurance company will help cover at least some of your costs.

Another great benefit of renters insurance is that you don’t have the responsibility of collecting money from someone else if they cause the damage to the apartment or home that your renting. Let’s say your apartment flooded after your upstairs neighbor left the bathtub running.

Personal injury claims can be complicated and have the potential to become extremely expensive on the part of the liable party. Filing a claim in such instances can help protect you and your assets.

Let’s say you do have a renter’s insurance policy. What do you do when an incident occurs (like a flood or fire). The first thing to do is contact your insurance company. Some have an after hours number to call, or some might encourage you to call your agent directly. If it’s applicable, you should involve the police. This is especially important in the case of theft or vandalism.

You may find yourself in a situation where the tables are turned and the person at fault is asking you not to file a claim. You want to make sure you get their insurance information and get the police on the scene to file a report as well.

This way, you have all the back up you need to avoid being stuck with the bill. The last thing you want is to have to file a claim with your car insurance company for an accident that you did not cause in the first place. You will be stuck paying your deductible and perhaps with a higher premium moving forward.

CNC Insurance offers all types of insurance. If you are in the Frisco area and need renter’s insurance or any other type of policy, give us a call today.

CNC Insurance Brokerage Services is in the business of covering every part of your life with quality and affordable insurance coverage. CNC offers you a central hub for yourauto insurance , homeowners, life, renters and every other insurance need you have. CNC services families and businesses in Frisco, Dallas, Plano, McKinney, and their surrounding communities. We pride ourselves in giving you the best bang for your buck. We go to work to protect your assets for you at a price that fits your budget.


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