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9 tips for filing insurance claims after a catastrophe

2 July 2019 By admin Leave a Comment

If you or your clients have sustained a major loss (or if you sustain a major loss in the future) from a natural disaster like last year’s Hurricane Harvey or the current Hurricane Florence, here’s what Friedson recommends you do:

1. Be safe

In places like Houston, New Orleans and Florida, it only takes three to five days for serious mold problems to develop. If your property has been flooded or has sustained any other type of major water damage, you will need a respirator and a face mask to safely enter the property.

Flood waters carry serious bacteria and viruses that can endanger your life, and there’s also the risk of being electrocuted by downed power lines that are not visible. As much as you may want to go home, avoid moving back in until after any mold, asbestos or other toxic substances have been removed.

Your safety and health come first.

2. Immediately notify the insurance company that you have a claim

By filing your claim right away, you are more likely to settle your claim quickly and find a local, high-quality  contractor. The sooner your claim is settled, the faster you can get your life back to normal.

To file your claim, contact your local agent, call the special 800 number the company sets up, log into your online account or visit a mobile claims center.

Flood insurance is separate from your homeowner’s policy and is issued through the National Flood Insurance Program (NFIP). If you have purchased flood insurance, your insurance agent will generally assist you in beginning the filing process.

BY BERNICE ROSS

See Full Story at www.inman.com

Filed Under: Happenings Tagged With: Insurance claims

Follow these tips to avoid your insurance claims from getting rejected

25 April 2019 By admin Leave a Comment

As all insurance policies come with their own terms and conditions, coverage of the same insurance policies also varies depending on the insurance company.

Hence, there are certain things that you should refrain from doing if you want to avoid your insurance claims from getting rejected.

1. If you have a motor insurance policy, in case of regular wear and tear or breakdown you will not be covered. Insurers only provide cover for losses caused by the impact of natural calamities. For instance, the motor insurance policies generally cover for losses caused by natural calamities such as floods, lightning, landslide, cyclones, earthquakes, hurricanes, storms, inundation, and typhoons.

2. If your car engine stops due to waterlogging which is referred to as the hydrostatic lock of the engine, the basic motor insurance policy does not provide coverage for that. It is not covered under an insurance policy because insurers consider this as negligence on the part of the policyholder and hence, reject the claim. However, policyholders can also get this covered by opting for an engine-protect add-on cover. Generally, this type of add-on covers costs around 7-9 per cent of the base premium.

3. If you fail to provide both sets of keys of a vehicle, in case of vehicle theft, it will be taken as negligence on your part. Lack of evidence, incomplete or incorrect documentation also leads to claim rejection. Experts suggest policyholders should file an FIR in case their car is stolen or if any third party accident is involved.

4. Most property claims get rejected due to non-disclosure, misrepresentation, and fraudulent acts. Negligence on the part of the policyholder plays a big role in claims being rejected. Policyholders should familiarise themselves with their insurance policies and know the risk that is included and the excluded so that it doesn’t come as a surprise later.

By: Priyadarshini Maji

See Full Story at www.financialexpress.com

Filed Under: Tips Tagged With: Insurance claims

Tips for insurance claims before cleanup for wind damage

22 June 2017 By admin Leave a Comment

The whipping winds made a mess of several West Michigan homes on Wednesday, and the focus shifts to cleanup.

Meteorologist Christina Anthony reports with what homeowners should do after the damage is done.

An area of low pressure spinning over the Hudson Bay, more than 800 miles away from Kalamazoo, sent fierce winds through the area and toppled trees onto homes.

Crews are cleaning up after high winds hit West Michigan on Wednesday after wind gusts exceeding 50 miles-an-hour toppled a tree into a home in Hastings, and tipped this tree into a Galesburg man’s house while he was reading a book.

Brad Carpenter, the Galesburg homeowner, said, “It landed on the house. It crushed my car and, thankfully, the tree by hitting my car kept it from going farther down into the house where I was.”

Powerful gusts even uprooted an old pine tree in Sharon Wehling’s front yard in Kalamazoo and tossed it into her bedroom.

Wehling said, “The wind was really bad. I heard banging, a lot of branches and twigs falling. Then all of a sudden just a big boom.”

Wehling said she saw the tree from her living room window, and immediately called her insurance agent.

State Farm Spokesperson Angie Harrier said that’s step one.

Harrier said, “Your second step at that point would be to take photos of the damage. Document it the best way that you can. Photos are probably the best way, but making lists of inventory that is damaged, too.”

Insurance companies, like State Farm, will prioritize claims depending on the severity of damage.

Harrier encourages homeowners to save receipts for items purchased to make temporary repairs, and to keep track of the hours spent protecting their house in the meantime.

Storm damage typically falls into the category of sudden and accidental, which Harrier says is exactly what insurance is for.

 

By Christina Anthony

See full story at wwmt.com

Filed Under: Tips Tagged With: Insurance claims

False Injury Claims Drive Insurers to the wall

13 November 2015 By admin Leave a Comment

image

Image via Flickr user Jane Paulson

The offer of fast cash by a stranger in Changi General Hospital enticed Liyana Mohamed Noor to lie to the police and insurers twice that she had been injured in road accidents. She claimed to be riding pillion on her boyfriend’s motorbike when it collided with a taxi. The accident was bogus. So was the boyfriend, court documents obtained by The Sunday Times shown. Then, she claimed to be a passenger on an SBS Transit bus that had an accident with a motorcycle. She was not on the bus. Liyana, 22, was eventually found out and sentenced to five months’ jail on April 7 this year. While she was caught, insurers are concerned that many others get away with making false or inflated injury claims.

Left unchecked, these could lead to higher costs for insurers and higher insurance premiums for motorists.

Their average annual motor premium has risen 30 per cent since 2004 to more than $1,000.

Cases like Liyana’s are not an exception. A week ago, 16 people were charged with making false injury insurance claims of $4,000 to $10,400 each time.

One woman allegedly had $29,553 in all disbursed to her by her insurer for four accidents – in which she was allegedly not present at the scene and did not suffer the injuries she reported.

If convicted of cheating, they could be jailed for up to 10 years and fined.

A tip-off from an insurance company last year led to their arrest, the biggest in recent memory. Insurers allegedly deceived include NTUC Income, India International Insurance, American Home Assurance Company and AIG Insurance.

The General Insurance Association told The Sunday Times that the rise in bodily injury claims in recent years is a worrying trend. They increased from 8,704 in 2007 to 16,174 in 2008 and 17,868 last year. It is working with various parties to share information on fraudulent cases and build strong evidence so that fraudsters can be brought to justice.
The parties include the Monetary Authority of Singapore which regulates the insurance industry, Traffic Police, Subordinate Courts and Singapore Medical Association. Doctors write the medical reports necessary for people to make injury claims.

While GIA declined to discuss the modus operandi of claimants, industry players suspect a change in accident reporting procedures in 1999 may have contributed to the problem.

Motorists are no longer required to make a police report if no one is injured or if they received outpatient medical leave of fewer than three days. There are exceptions, such as accidents involving a pedestrian or a cyclist.

The Traffic Police will not investigate these cases, thus speeding up the processing of claims.

But a motor insurance taskforce formed by the Consumers Association of Singapore and Automobile Association of Singapore pointed out in March this year the possibility of people putting up dishonest accident reports to their insurers now that they did not have to lodge a report with the police.

It was also a change for motorists who used to avoid lodging a police report for fear of being fined or earning demerit points on their driving licence. They would settle matters privately without the involvement of lawyers and insurers. Now, they had fewer qualms about making a claim, and possibly inflating them.

See full story at HealthXchange

Filed Under: Happenings Tagged With: injury claims, Insurance claims, motor insurance

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