Fire Insurance Claims – Tips to Consider After the Fire is Out

Almost everyone who has suffered damages to their property as a result of a fire insurance claim makes costly mistakes during and after the settlement. However, there is one very costly mistake that policyholders make time and time again without even knowing it. And, the winner is (or should we say loser); Most policyholders simply rely on their insurance company adjuster to inspect, evaluate, and estimate their entire insurance claim without checking up on them. This can be the most costly mistake anyone could ever make in their entire life.

It’s bad enough to have your property destroyed by fire, but relying on someone else to visit your property, inspect it, provide a proper value, and then trust that they got it all correct… Is Simply I N S A N E ! Yet, policyholders allow this to happen all across the country, day-in and day-out. For most people it’s human nature to count their “change” at the grocery store or diligently review their dinner bill to be sure the waiter didn’t charge them for items they did not order. We’ve all done it. We go out of our way to count and keep track of our chump change. Yet, when it comes to tens of thousands or even hundreds of thousands of dollars from a fire insurance claim, we rely on the insurance company without question.

No one knows your property like you do. There is much to do to properly prepare and configure a fire insurance claim that in most instances, items are forgotten or missed during the process. Especially if it’s done by someone at your insurance company. They don’t know about your building, your property, or your contents (furniture, clothing, etc.) like you do. How could they possibly be as accurate as you? Furthermore, just because an insurance company adjuster visits your property for an inspection does not mean they are a professional contractor, builder, or certified in fire and water damage restoration.

With the review of thousands of closed claims, we have found that in most cases, both insurance companies and policyholders unknowingly miss damages that are hidden from the naked eye. In almost all instances; it is a good idea to have a professional review your fire damage claim. Preferably a fire insurance claims appraiser, consultant, or fire consulting firm.

Policyholders often believe that when the insurance company sends them a check and they deposit the money in their bank account – the claim is closed. This couldn’t be further from the truth. The fact is; that in most states a policyholder has 3-years to make a claim and even ADD to an existing claim. So, a review of your claim to see if you have been properly compensated can occur, during the claims process or even after the claim has been settled. You can also obtain more money from your claim – even if it has been torn down and demolished.

Yes, even if your claim has been settled and you have deposited the checks, or your building has been torn down and demolished, you can still obtain more insurance proceeds if the damages were not assessed properly. In many cases, tens of thousands or even hundreds of thousands of more dollars. Even when a policyholder believes they have received a fair settlement… they usually have not.

However, it’s up to the policyholder to do their part to protect themselves. Here are a few tips to assist in the review of your fire insurance claim. There are tips if you are in the middle of your claim – as well as tips if your claim has closed some time ago.

1. During Claim -

Document Your Building Damage: Take the time to inspect and document the damages yourself. Take photos of all damaged rooms in your building. Take overviews of the room and then take some close-up photos of the damaged ceilings, walls, floors, windows, doors, etc. of that room as well. Work your way around the building to the left (clock wise). Before entering the next room, closet, or hall – take an overview. This will be an easy way to organize which photos belong to which rooms. An example is; Overview of living room, then from top to bottom, photos of ceiling, walls, windows, doors, then the floor. Then the first photo of the next room is an overview, and so on. (No pictures or close-ups of contents yet, just the rooms.)

1. Closed Claim -

Obtain Documents Of Your Building: The insurance adjuster has taken photos of your building during their inspection. If you have no photos yourself, or minimal photos – then request all photos taken by the adjuster from the insurance company. You should also request the diagram/sketch they used to calculate the square footage of your building. Also request the complete detailed estimate they have written to arrive at their numbers. This documentation will be useful for the fire insurance claim consultant you choose.

2. During Claim -

Document Your Contents Damage: Next is to visit each room and closet once again to inventory your contents. Take an overview photo of each piece of furniture, pair of shoes, shirts, pants, etc. Then a close-up photo of any damage on that item. Write each item down on a Contents Inventory Form. ( Download one by contacting us at the link below. ) Similar to the way you have photographed and organized your building damage photos, you should do the same with your contents. Example; Take overview photo of living room, then work your way around the room to the left (clockwise). Photograph and list all the items on each wall until you get back to the doorway you began at. This way items will not be missed or forgotten. Once the living room inventory has been completed, move to the next room and start by taking an overview photo of the room. this helps organize what room the contents were located. List the name of the room at he top of each page of your inventory list. Now the photos and the list are both organized in sequence with each other.

2. Closed Claim -

Obtain Documents Of Your Contents Damage: The insurance adjuster has taken photos of your contents during their inspection as well. If you have no photos yourself, or minimal photos – then request all photos taken by the adjuster of your contents. You should also request the complete detailed contents inventory they have written to arrive at their numbers. This documentation will be useful for the fire insurance claim consultant you choose.

3. During Claim -

Review Your Policy: Fire victims must take the time to review their insurance policy. You must know the basics; How much coverage do you have on your building? How much coverage do you have for your contents (furniture, clothing, etc.)? How much coverage do you have to stay in a hotel or to rent a home or furniture? Surprisingly, many people don’t know this. In many cases the policy has been damaged in the fire. If this is the case; visit your agent and ask for a certified copy of your full policy. Ask your agent to help explain how much coverage you have.

3. Closed Claim -

Obtain Copy Of Your Policy: Contact your insurance company and request a certified copy of your “FULL” insurance policy, including the Declarations page. This documentation will be useful for the fire insurance claim consultant you choose.

4. During Claim -

Consult A Professional: The insurance company will have an adjuster visit the property, inspect the damages, and complete an estimate on the amount of loss. It is important that you have the same process completed for yourself. How do you know the insurance adjuster is doing their job correctly? Are you willing to forfeit tens of thousands of dollars by not taking the time to make sure? The insurance company is supposed to explain all the fire insurance claim coverage that is available to the policyholder, however, this is rarely done. Sometimes it’s done on purpose, and other times it’s also done on purpose (Did you catch that? This is done on purpose more often than not.) It’s your property, it’s your policy, and it’s your money. Educate yourself to be sure you are being fully compensated for your loss. Hire a fire insurance claim professional to review the insurance company’s evaluation. Obtain your own “real-world” prices and costs to replace your property.

4. Closed Claim -

Consult A Professional: Did you receive a fair settlement for your fire insurance claim? How do you know unless you ask someone? If you are unsure if you have obtained a fair settlement from your insurance company, you owe it to yourself to find out. If you have collected all the data as outlined above; you will have enough data on your claim to have a professional review it. A review of your claim will allow the fire insurance claim consultant to advise you where you stand. Leaving yourself in the dark, with a chance of forfeiting tens of thousands of dollars, or even hundreds of thousands of dollars makes zero sense. A small fee to find out where you stand is a small price to pay, compared to a large sum of insurance proceeds that you did not know existed.

The reasons are simple. See, the insurance company adjuster works for the insurance company, whereas the fire claims consultant works for you. You’ve done the right thing by making sure you had insurance coverage. It’s up to you to take the next step and be sure you have received what you paid for.

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How To File A Disability Insurance Claim: Avoiding Common Obstacles

You have worked hard your whole career, but now you find yourself unable to practice your profession because of a physical or mental disability. You’re not alone. In fact, some statistics indicate that a person in their mid-thirties has a 50:50 chance of experiencing a disabling condition that prevents them from working for at least three months before they retire. In addition, one out of seven workers will become disabled for a period of more than five years before reaching retirement.

Luckily, you were wise enough to purchase disability insurance to offset the risk that you would become disabled. Unfortunately, however, disability insurance companies have developed a sophisticated system to maximize profits and avoiding paying your claim, regardless of the merits of your condition. How can you avoid having your disability insurance claim denied or terminated?

Among the many hurdles you will likely face when filing a claim for disability insurance benefits are:

• Understanding, interpreting, and correctly following the terms of complex policies drafted by insurance companies;
• Recognizing, avoiding, and dealing with insurance companies’ efforts to wear out claimants by delaying the claim process;
• Ensuring that treating physicians take the time and effort to document the disability sufficiently and in a manner that is helpful to your claim;
• Avoiding insurance companies’ attempts to use out-of-context secret surveillance as a basis for terminating or denying your disability insurance claim;
• Ensuring that independent medical and psychological evaluations are conducted appropriately, fairly, and without risking injury;
• Fighting insurance companies’ attempts to terminate or deny disability insurance claims simply because the symptoms of your condition are subjective or self-reported;
• Overcoming the great number of other techniques and tools that insurance companies have developed to engineer a basis for denying legitimate disability insurance claims, because their primary goal is profit.

Complex and Confusing Insurance Policy Language

The language of every insurance policy is complex and confusing, drafted by attorneys and insurance company employees with an eye towards protecting their own interests. When denying or terminating a claim, insurance companies capitalize on the complexity of their policies at the expense of the insured. The truth is that there is no “standard” insurance policy contract, and the provisions vary dramatically from policy to policy, where coverage is usually circumscribed and restricted with different qualifying words and phrases. In order to overcome the insurance companies efforts to use jargon and legalese to avoid paying claims, it is crucial that a claimant understand the specific definitions of the key terms and phrases in the policy, and also the ambiguities in those words. When words or phrases are ambiguous or their meaning is not clear, courts will construe the meaning of those terms against the drafter (the insurance company) and in favor of the other party (the claimant). Having a thorough understanding of your policy language may be the most important step to filing your disability insurance claim.

Efforts To Delay The Claim Process

One of the most common techniques that insurance companies use to avoid paying benefits is drawing out the claims process for as long as possible. In this way, insurance companies can increase the attrition rate of claimants, such that legitimately disabled people will simply give up out of frustration. But, insurance companies have a legal obligation to make prompt decisions, and a claimant tolerate undue delays.

Working With Your Treating Physician

Perhaps the most important aspect of a successful disability claim is the medical documentation of your disability. Many physicians are extremely busy, and may not always take the time to write detailed and accurate reports of your condition. It is common for hurried physicians to simply copy-and-paste boiler-plate descriptive language into office visit notes that is actually false or inaccurate. In a rush to complete paper work, a doctor’s office visit note may include phrases that apply to most patients, but that are completely inaccurate as applied to you. For example, a doctor’s report from an office visit may say that “patient is in no apparent distress,” when in fact, the purpose of your appointment was to treat your chronic back pain that is preventing you from working.

In addition, depending on your relationship, they may not have any interest in devoting time to your disability insurance claim. But, fully discussing your condition with a compassionate treating physician is crucial to obtaining documentation of your condition that supports your claim.

Surveillance

After you file your disability insurance claim, it is very likely that you will be secretly videotaped or photographed by your insurance carrier during their investigation of your claim. If they are able to document you engaging in activities that you claimed you could not perform, they will likely use this evidence as a basis to terminate your claim. It is also not uncommon for insurance carriers to send these videos or to your treating physicians in an attempt to sour your relationship, and convince your physician to make statements that are against your interests. It is important to be on-guard against these tactics, recognizing that these out-of-context videos may be misconstrued to achieve the insurance company’s goals.

Independent Medical Examinations

Insurance companies often ask disability insurance claimants to submit to an “independent” medical examination performed by a physician chosen and paid by your insurance carrier. Obviously, this creates a conflict of interest, where the doctor evaluating your disability has an indirect incentive to improperly diagnose your condition. You may also be asked to undergo exams by someone other than a physician. All of these exams can be stressful and even painful or dangerous. It is not uncommon for portions of the exam to include protracted or intrusive diagnostic tests. Of course, the primary purpose of these exams is usually not to diagnose your condition. Rather, these exams are often just another tool insurance companies use to deny or terminate your claim. Therefore, it is important to be aware of your rights during this process.

Subjective Conditions and Self-Reported Symptoms

Perhaps the most common conditions for which insurance carriers will deny disability insurance benefits are those where the symptoms or the intensity of symptoms are subjective or not objectively measurable. For example, chronic back pain, neck pain, rheumatoid arthritis, and depression, are all conditions where the severity of the condition may be impossible to measure, other than with subjective statements from the patient, and verifiable evidence may simply be too difficult to obtain. Nonetheless, insurance companies may deny claims for a lack of verifiable evidence of the condition, capitalizing on the lack of objective evidence. In many cases, however, the terms of the insurance policy do not contain a provision that requires an insured to provide objective evidence of their disability. Thus, it is absolutely necessary for a claimant with a disabling condition where the symptoms are not objectively verifiable to understand the actual terms and provisions of their insurance contract.

Overcoming These Obstacles

The disability claim process has been designed by insurance companies to be overwhelming and exhausting. Insurers hope that by making the process difficult, many claimants will simply give up. Insurance companies know that most of those who don’t give up, will unknowingly succumb to the many tricks and traps that insurers have created to justify denying or terminating a claim. Insurers tactics are not insurmountable; however, the fight can be extremely difficult to take on alone, especially when the opponent is a billion-dollar industry devoted to reducing costs and denying claims.

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Why You Might Need The Services of An Insurance Claim Investigator

Many insurance companies today are fighting a battle against fraudulent claims for insurance. Almost every insurance company gets fraudulent claims sent into them. This is where the insurance claim investigator comes in and has to assess whether the claim is actually an honest legitimate claim or a fraudulent claim. Many insurance companies will have their own team of investigators in house dealing with all the claims that are possibly fraudulent, but there are also many companies that employ private investigation teams to carry out this type of work.

Sometimes it can be very clear to the insurance company that a claim that has been presented is actually fraudulent but there is no hard evidence of this and the claim can be very difficult to assess. Hard evidence of deception or lies has to be available for the company to actually reject a claim as fraudulent and refuse to pay out the claim. It can sometimes be a time consuming operation to gather all this evidence together and present it. Private investigators will then be bought in to help and be able to stand witness if needed.

Many of the investigators from private companies have a thorough knowledge and background in the security areas, such as ex-policemen and women people who have previously worked in intelligence. This gives them the experience and knowledge to work in a correct and discreet manner to uncover the claim investigation with evidence. By using a mixture of surveillance and intelligence work the true circumstances surrounding the claim can be uncovered.

There are many different types of insurance claim investigator, there is insurance claims for accidental damage to vehicle, insurance claims for household insurance, fire insurance and insurance for sickness. Whatever the type of claim insurance claim investigators will engage in the job of uncovering the truth about the claim and decide if the claim is in fact fraudulent by presenting evidence to the contrary.

Many people are aware that these fraudulent claims for insurance in many fields’ only leads to the insurance company losing money and then the insurance premiums have to be increased for everyone else who carries insurance for whatever reason. The cost per year of fraudulent claims to insurance companies is increased year on year so the need for insurance claim investigators is a must for most of the companies offering insurance cover. At a cost of around £4 million a day fraudulent claims to insurance companies have to be uncovered.

To the majority of people insurance is something that has to be taken out for their car and home or sickness and accident and mortgage cover; the majority do not need to claim. Unfortunately there is now a culture of people taking insurance cover out and blatantly making false claims. Insurance claims investigators have a difficult job to do to try and weed out the false claims, but with all the sophisticated surveillance equipment and the experience of the investigators many of the insurance claims are refused pay-out on the grounds of a fraudulent claim. The fact that many of the insurance claims investigators have a military to police background helps to get the best out of people being interviewed about the insurance claim and can soon gather evidence that the claim has been fraudulently made. If people did not make these inflated fraudulent claims to insurance companies’ everyday then the premiums for everyone would be much lower and affordable for all. It is an increasing problem for insurance companies and unfortunately has to be factored in to the price of all insurance premiums, not only the cost of the actual fraudulent claims, but also the cost of employing the insurance claims investigators.

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Insurance Appraisal Process – A Policyholder’s Best Chance to Resolve an Insurance Claim Dispute!

Many homeowners and business owners find themselves disagreeing with their insurance company’s analysis of their insurance claim. However, most are unaware that they can dispute the insurance company’s findings via the insurance appraisal process! Even though the policyholder (you) submits a contractor’s estimate, receipts for repairs or materials, or even photos showing damages that the insurance company did not include for repairs… they still won’t budge.

Most policyholders are unaware of how to dispute and resolve their claim with the insurance company. Policyholders have a choice and a voice within their policy for this very purpose. It’s called The Appraisal Clause – also know as The Appraisal Provision. Now, don’t let this scare you. It may seem like a fancy clause that would take a law degree to understand. However, a simple way to understand it is that it’s the insurance industry’s version of arbitration. Although similar, the Appraisal Process is NOT an arbitration or mediation and the umpire is not an arbitrator, mediator, or judge. Insurance Appraisal, Mediation, and Arbitration are separate things.

In short; Arbitration requires attorneys and a legal process, where Insurance Appraisal does not require attorneys or a legal process. Arbitration is a dispute between two parties for any reason, where as, the Insurance Appraisal Process is a dispute between the “value or cost,” to repair or replace property only – bee it an automobile, plane, train, couch, house, commercial building, etc.

Most Policies Have the Appraisal Clause

If you feel you’re at a dead end with your insurance company and want to resolve your claim you’ll need to check your policy for the Appraisal Clause. Most policies will have the provision listed under the “What to do after a loss,” section or the “Conditions” section of the policy. Below, you will find a sample of a typical Insurance Appraisal Clause included in most policies. Keep in mind that policies can be different in each state. Therefore, you should read your own policy to see if this clause exists. It will say something similar to the following ;

“APPRAISAL – If you and we fail to agree on the amount of loss, either one can demand that the amount of the loss be set by appraisal. If either makes a written demand for appraisal, each shall select a competent, independent appraiser. Each shall notify the other of the appraiser’s identity within 20 days of receipt of the written demand. The two appraisers shall then select a competent, impartial umpire. If the two appraisers are unable to agree upon an umpire within 15 days, you or we can ask a judge of a court of record in the state where the residence premises is located to select an umpire. The appraisers shall then set the amount of the loss. If the appraisers fail to agree within a reasonable time, they shall submit their differences to the umpire. Written agreement signed by any two of these three shall set the amount of the loss.”

OK, But How Does the Insurance Appraisal Process Work?

The Appraisal Process allows the policyholder (you) to hire an independent appraiser to determine the value of their damages. In turn, the insurance company will also hire their own independent appraiser. The two appraisers will then get together and select an umpire. The umpire is basically the arbitrator, or what you might call the judge. If a disagreement between the two appraisers arises, they can present their differences to the umpire who will make a ruling.

OK; so far so good, the basics of the insurance appraisal process are beginning to come together. We have an independent appraiser for the policyholder. We have an independent appraiser for the insurance company. Finally, there is an Umpire. These three individuals are known as The Appraisal Panel. The object of the Appraisal Panel is to set or determine The Amount of Loss. The Amount of Loss is the total dollar amount needed to return the damaged property back to its original condition, either by repair or replacement.

Once the Appraisal Panel is set, the policyholder’s chosen appraiser and the insurance company’s chosen appraiser will review the documents, estimates, and differences between them. The two independent appraisers will try to discuss and resolve the differences in damage and in cost. For example; the insurance company may determine that brick on a home does not need to be replaced. Where as, the contractor or appraiser for the policyholder says that it does have to be replaced. The two appraisers will discuss their reasons for their position and try to come to an agreement, first if it should be repaired or replaced, and secondly the cost to return the brick back to it’s original condition prior to the loss.

One benefit of the Insurance Appraisal Process is that the two independent appraisers have not been subject to the bickering and anger between the policyholder and the insurance company. Basically, it’s the hope that cooler heads will prevail. All the appraisers really have is the amount of the damage and the difference between the two estimate numbers. They do not have the previous baggage or anger that led up to the Appraisal. The process was designed so that these two individuals, who have no interest in the outcome, could discuss a settlement based on the facts presented to them.

Sometimes issues arrive where the two independent appraisers can’t agree on certain items. In this event, the two appraisers will submit their differences to the chosen umpire. The three will discuss the issues and try to reach an agreed settlement of the differences. As stated above; the settlement or final number is called The Amount of Loss. The final amount is known as the Appraisal Award. The Award is signed by the individuals who agree on The Amount of Loss. However, only TWO of the three individuals need to agree. (An agreement between the two independent appraisers, or the umpire and either appraiser) Once any TWO of the three individuals on the Appraisal Panel sign the award… the dispute is over! The amount on the Award binding and is paid by the insurance company, to the policyholder.

Can I Use An Insurance Attorney To Dispute My Claim?

The Appraisal Clause was initiated to lower the number of lawsuits filed against insurance companies. The courts found that many lawsuits were entering the legal system where the cost to repair or replaced damaged property was being disputed. In many cases the suites were being resolved when professional engineers and contractors could address the issues. The Appraisal Process was created to get such individuals together and keep these disputes out of the courtroom. Assuming you acquired an estimate of repair to your property for $100,000, from a contractor or insurance claims expert. Your insurance company has created an estimate for $30,000. This would be a clear dispute between the amounts of damage. This type of dispute is exactly what the Appraisal Clause was developed to resolve.

The clause allows parties on both sides of the insurance policy to dispute their differences using this less costly provision. Let’s face it; the courts are filled with lawsuits. The Insurance Appraisal Process allows for the dispute to be settled out of court. Using Insurance Attorneys and lawsuits can have insurance claims tied up in court for years. The Appraisal Provision was designed to keep these disputes out of court for a less costly and timelier resolution.

Insurance Claim Attorneys will usually represent policyholders for bad faith practices. Bad Faith is a whole other issue and sometimes happens after the Appraisal Process has been completed. Bad Faith claims are for much larger suites against insurance companies when it is alleged that they did not act with good faith of the policy they sold to the policyholder. In summary; disputes between the amount of damages and repairs will follow the Appraisal Process before entering into the legal system. Many Insurance Attorneys will also advise the policyholder to engage in the Appraisal Process before any lawsuits will begin.

How Do I know if the Insurance Appraisal Process is a Good Option for My Claim?

If the Appraisal Clause is in your policy then it is always an option. However, it’s wise to point out that Appraisal is usually an option when there is a substantial difference in the amount between the two estimate totals. For example; let’s say a fire completely destroys a house and the homeowner’s personal property within it (Know as the Contents). The differences between what the insurance company wants to pay and what you wish to receive is $5,000. In this situation, the Appraisal Process is not the best idea. After paying the fees involved for the appraisal, you may not end up with much of the $5,000 being disputed.

Now, if we take the same fire that destroys the property and the dispute between the policyholder and the insurance company is $40,000, appraisal should be considered. The policyholder now has a chance to recover substantially more money than originally offered.

Also, the Appraisal Clause is only applicable if a dispute arises from a covered loss. If the insurance company denied the claim as something not covered then this is not a dispute on the amount to repair, but rather a dispute on coverage. For example; homeowners and business policies due not cover floods. Flood policies are purchased separately. So, if there is no coverage for the flood damages then the Appraisal Process is not an option.

Simply put, the Insurance Appraisal Process is to determine the “amount of loss,” to property only. The Appraisal Panel is not to determine coverage, policy provisions, deductibles, how much was previously paid on the claim, etc. Let’s say there was an appraisal for a grand piano that fell off a delivery truck on the highway. The Appraisal Panel’s job is not to determine who’s at fault, the policy coverage limit, if the truck had a registration, or anything other than “How Much is the Piano Worth.”

As with our example earlier, if the insurance company offers a settlement of $10,000 to repair a roof and the policyholder has contractor bids for $15,000, then the Appraisal Process may not be the best option. The Appraisal Process may cost more than the $5,000 that’s being disputed. Unfortunately, the differences in repair/replacement costs are usually much greater. When an insurance company generates an estimate for a claim of $75,000 and the policyholder has acquired professional bids several contractors of $200,000 or more, its time to invoke the appraisal clause.

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How to File an Insurance Claim – Early Bird Gets the Worm

Most homeowners want to know how to file an insurance claim successfully. Filing an Insurance Claim with minimum hassle is the goal of most property owners. Well to that end, it is important for everyone to be sure they cooperate with authorities (Police, Fire, Emergency Services, etc) and follow all policies and directions provided. During emergency situations, your main goal has to be the safety of you and your family, but this does not mean procrastinating on your Insurance Claim. You have to get your Insurance Claim Submitted as quickly as possible.

Emergency situations like tornadoes, hurricanes and fire damage claims make Insurance Companies cringe. Why? Because when the word “emergency” and “insured loss” are used in the same sentence, it usually means they will be spending money. Plus, they will have to hire additional Insurance Adjusters to handle claims and explain to homeowners how to file insurance claims.

When is the last time “smoke billowing out of the hood of your car” was a cheap or affordable repair? In my case, this would be never. Emergencies do not happen often, but when they do occur they are usually expensive. Emergencies make us all cringe because these are the times when we must increase our expenses to cover the unforeseen situation.

For a second, I want you to think about a tornado emergency like Christmas (In July). It sounds silly, but imagine the Insurance Company as ‘Mom and Dad’ and the homeowner as the ‘Kids’. If you are having a difficult time with this example, just imagine 8 kids that all go to a nice private school, and 2, Mike and Missy, that are in an alternative Art School and are enrolled in the Finance Program for extra credits. Last semester they did a research paper on “How to File an Insurance Claim” and earned extra time to paint, which is their true passion.

So it is May 29th and Mom and Dad (the Insurance Company) are starting to think about the season. They know it is around the corner and want to make sure that on Christmas morning, everyone feels they were treated fairly, even Mike and Missy (who swore going to the Art School would count as all Birthday and Christmas gifts for the year.) So they start talking about the Christmas forecast and determine that it should be a calm season, everyone’s expectations are in line with what they want…no big expenditures. With a nice, lean budget in mind they relax and look forward to a mellow and peaceful summer with the kids.

Mom and Dad work for a big Financial Firm and June is a busy month for them. As they deal with closing the books, they are unable to find time to go shopping for the kids. Mom has been working on a new best seller “How to File an Insurance Claim for Funny Folks”. As the end of June approaches, they look forward to July and know they will be able to find time to get all the shop for the kids done.

June is done and July is here. Actually, it is not just July, it is July 10th and our Tornado Emergency has hit. Mom and Dad (Insurance Companies) are scrambling to figure out whats on everyone’s Christmas Wish List (what damages were done) and settle (claims) what can be settled quickly.

Time is ticking and Mom is rushing out to the mall looking for a hockey stick for Joe. It is affordable, it will make him happy, and it is the only thing he wanted so she figured she would start there and get it out of the way fast. While at the mall, she calls Dad and proclaims that she has figured out gifts for 5 of the kids.

If she buys these gifts, they will exceed their budget. The upside is they will have 6 kids squared away and only have 4 more to buy for. Dad asks “Which kids? Who are the gifts for?” Mom runs through the list quickly “Missy, Jimmy, Joe, Joan, and Mark). Dad is concerned about spending so much on Missy and Mark because the other kids might feel jilted. Everyone knows they are paying double the tuition for the “Art School” and that is a big drain on the family account, but he says OK. (Important note: Mark, Missy and Joe know how to File Insurance Claims)

Mom buys the gifts and knows the kids will be happy. No complaints.

As she is strolling through the mall, Karin her youngest, calls and proclaims that a famous rock star will be coming to town next month. (Note: Karin also knows how to file insurance claims) The local radio station is giving away tickets to callers every hour. Karin and her friend are wondering when she will be home so they can use her phone. Mom says about an hour and they end their call.

Eureka! One more kid down! Karin is getting tickets to the concert, whether she likes it or not! In a hot mess, she heads down to the Concert Ticket Window to buy tickets for Karin and her friend. Mom does not bother calling Dad, she knows he will be stressed about sending their 13 year old to the concert, so she makes the decision herself.

Got kids? Got Tickets? $350 Poorer? That s how mom felt after draining the Charge Card. This was no rosy commercial. Christmas (The Tornado) is draining the family coffer and fast. Mom wonders if Karin took the chance to take advantage of the situation and trick her into buying the tickets. No time to think about it now, done is done.

When Mom got home, she showed Dad all the gifts she had bought. They looked at the receipts and gasped. Dad does not seem as upset about Karin going to the concert, but he is mad that mom spent so much. Thoughts of all the remaining stuff to be done this Season made their butt cheeks pucker.

3 More Kids to buy for
A turkey
The Office Holiday Party

Gifts (Settlements) for 7 of the 10 kids are complete. Hopefully those kids will remain happy. After much deliberation, they decided to better review and properly examine the gifts and expenses that remain. (Note: In our example: these kids do not know how to file insurance claims) Over the next 10 days they shop around and find, skates for Brenda ($25), a Painting Kit for Sally ($45) and a Royal Blue Fuzzy Hat for George ($3.) P.S. – George asked for the Fuzzy Hat in Black last year….so I am sure he will love it:-)

Moral of the Story: Early Bird Gets the Worm. Know how to file insurance claims and get your claim in early.

During an emergency, the large Insurance Companies, Emergency Services, and other Service Agencies are caught in a mad rush to get the situation under control quickly. All Homeowner are in need of insurance claims help and rushing to submit homeowner insurance claims. In the beginning, everyone is working to insure people are safe and the rebuilding is started immediately. As the situation unfolds, in our case a Tornado named Christmas, more processes and procedures are put in place that slow the flow of money. New rules for how to file an insurance claim are implemented. Systems are developed to minimize the insurance claim problems and possible insurance claim fraud that plagued the earlier days. The short story is…the Early Bird Gets the Worm, experiences less hassle, but the early bird needs to be informed, prepared and on top of their claim.

If homeowners start thinking about their Insurance Claims like the Holiday season, they will realize that getting things done as soon as possible is critical. It is important to get your claim in EARLY & PROMPTLY, but you must know the type of claim and nature of your loss before you submit your claim. Is your loss covered by YOUR Policy? What documentation will the Insurance Company need? When will you be paid? How do you make sure your claim is handled quickly?

The answer to these questions is very important and determines when and how your claim will be handled. Learn how to file insurance claims so you do things the right way. When filling out forms, make sure you have the details correct, as mistakes or inconsistencies may cause your claim to be denied or delayed. Confirm everything is correct before you submit your claim.

Before filing home insurance claims, you must understand the type of claim you are submitting. Homeowners insurance provides protection for you, but only for the losses described in your Insurance as a home owner insurance policy. Home Insurance can save you and your family from the monetary loss experienced with the damage or loss of your home, and your valuables inside it. There is a wide array of home insurance policies. Nonetheless, it is important to know that Insurance Policies vary from state-to-state and provider-to-provider.

As an Insurance Consumer it is important to understand the Insurance Claim Process. Know the different directions your claim can go from the moment you submit your claim will help save you time and maximize your settlement amount. If you are searching for answers on How to File Insurance Claims, Insurance Claim Advice or need Insurance Claim Help, the information you need is hear. Gain access to tools, resources, and information that will empower you to handle your claim successfully.

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Cheap Insurance Companies and Their Services

To some people, cheap insurance companies are merely a myth, to others a reality they do not ever want to acknowledge, but one fact remains the same. Cheap insurance businesses are a commodity most people do not avail for different reasons. Some are scared that they might end up paying more than advertised others just do not want the extra expense.

It is true that there are quite a lot of insurance businesses out there on the internet that are not cheap at all, as well as insurance companies that are cheap and offer the best service. Then there are also cheap insurance businesses that are not just cheap with awful service (these are the ones you would want to avoid). If you want to save money while spending yet at the same time get the best service you will have to do some search into various cheap insurance companies.

There are two ways to find a good insurance company; online and by roaming around, but there is only one way to get a cheap insurance from a company i. E. Search the internet. The reason is simple, where an insurance company caters to clients across the state or just in your area, an online insurance company caters to people across America, and more business means better competition, which ultimately leads to cheaper and lower rates.

Keeping the above equation I know you will agree that the best deals are to be found online, however if you up and want to do business with the most advertised of insurance dealers, you are surely in for a heart-break. These companies in order to compensate for the high costs of advertisements offer some pretty high rates to their customers.

If you truly are looking for a cheap and reliable rate for your insurance, it would be wise for you go for the moderate kind of insurance businesses. These companies could be anywhere after the first ten or so search results. You can also choose to narrow down your results to your city, state, or even by using your zip code if you are searching for a company locally.

Remember to check on the bare minimum of insurance prerequisite in your state and then go forth with negotiating the essentials before negotiating the rates. Almost every state has some sort of bare minimum for their citizens insurance policies these days and it is entirely up to you to convert this slight problem into a blessing that does the most good for you.

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All About Insurance and How to Find Cheap Insurance

Insurance is very important. The way that insurance works is that a whole lot of people pay a small amount of money into an insurance pool. This pool of money will protect these people against some sort of risk, such as the risk of your car getting stolen. Because many people pay money into the pool, the pool becomes rich and full of money. Then if one person who has paid money into the pool gets their car stolen, then the insurance company will give them money out of the pool. The insurance pool can pay out much more money than that individual person had by himself.

The only reason that insurance works is because the problem that is the risk isn’t so big that it happens to everyone. Just think if everyone who invested money into the insurance pool had a car that got stolen, the insurance company wouldn’t be able to pay everyone out lots of money. Insurance companies spend huge amounts of money paying risk analyzers to work out how much risk is in place. They also pay an effective legal team to stipulate good terms and conditions so that clients don’t take advantage of the insurance company by making false claims.

Of course the bigger the company and the more clients it is, the more likely it is to be able to offer cheap insurance to the buyer. The more people that pay money into the pool, the bigger the pool of money becomes.

Well known companies are also able to offer cheap insurance, because they have a far bigger marketing budget, so they can reach more people and potential clients. It s also good to go with a big company, because they are more likely to be able to pay you out. They have a reputation to uphold.

On the other hand, big insurance companies have very good legal teams, so they might have to get out of paying you, by referring to small print in the contract that you may not have seen. So whenever you buy cheap insurance be sure to read the small print.

It is easy to find cheap insurance nowadays. Many companies are offering great deals. And a simple internet search will have you face to face with insurance quotes in no time at all.

Insurance is available in all sorts of areas. You can get insurance for your possessions such as your house, car or boat. You can also get health insurance or travel insurance. Some Insurance companies offer cheaper insurance packages to women. Some health insurance companies will not cover you if you have pre-existing medical conditions. You also get cheap life insurance or funeral plans.

Some people may want to insure their body parts, for example a hand model may insure her hands, because if she no longer has them she cannot work. You can basically find someone to insure you for just about anything. When you make a deal with an insurer, you are basically saying, in exchange for paying you a small fee, you will take financial responsibility for me if the stipulated event occurs.

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Compare Cheap Insurance Quotes – Save Time and Money by Comparing Cheap Insurance Quotes

How does your decision to compare cheap insurance quotes on the internet help you save precious time and money? The insurance market has become so competitive that it is impossible to identify a single insurance company as the best one around. There are many variable factors including the type of insurance that one wants, income and lifestyle of the individual, the asset that one wants to insure and the amount of premium that one is prepared to pay. In such a scenario, one cannot blame an individual for opting to compare cheap insurance quotes instead of entering the confusing world of insurance analysis.

How do you save money when you compare cheap insurance quotes? If you opt for quotes comparison, chances are very high that you will quickly identify the cheapest and most beneficial insurance policy for your life, car, home or any other asset. You will get a clear tabular analysis which will tell you how much one has to pay for each and every policy under consideration. If you do not compare cheap insurance quotes, you will have to prepare a comparative statement manually. This is next to impossible considering the fact that the average individual is rarely, if ever, conversant with how insurance policies work.

Another reason why one should compare cheap insurance quotes is that it helps save a lot of time. Getting quotes online helps you get all the information you want in a jiffy. You need not visit each and every insurance company’s office just to compare cheap insurance quotes. You need to state the amount of coverage you want and the amount of premium that you will have to pay will be flashed on the screen instantly. You can also get quotes through the telephone. In either case, a lot of time and effort shall be saved. If one considers the gas that one saves by avoiding visits to numerous insurance offices, the benefits of these free insurance quotes become even more significant. Never again will you have to take time out of your busy schedule to complete insurance related paper work. The web will help you take care of all that.

It is important to compare insurance quotes before getting signed up with an insurance policy. When you compare insurance quotes you can rest assured you are saving both time and money because you are guaranteed to get the lowest insurance quote.

Given the current recession it is important to make sure to prioritize your money and compare insurance quotes online. A good place to state would be an online website that actually allows you to compare insurance quotes online for free.

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Compare Cheap Insurance Quotes – Save Time and Money by Comparing Cheap Insurance

Before the invention and wide accessibility of the internet, people had to call around to compare cheap insurance quotes. They could spend hours of their lives on the phone only to find out that the best policy for them was the first one they called. They would then have to call the office back and go through the explanation again. Once they did they still had to go down to the local office and sign paper work and make a payment before they were insured.

Thankfully, times have changed and people don’t have to spend hours on the phone just to find the best rate. Logging on and going to your prospective insurance company takes a lot of time too. So how do you compare cheap insurance quotes to get the best deal on your car insurance? Just go to your favorite search engine instead.

By doing a search to compare cheap insurance quotes you will find a list of sites that offer multiple comparisons right on their site. Generally, these sites are not affiliated with any specific insurance company so you can be assured an accurate comparison.

It’s simple to compare cheap insurance quotes this way. All you have to do is input your information one time. Set the restrictions for coverage type and deductibles and hit the compare/search button. Within seconds a listing of all the major insurance companies will be appear on your screen. You can scroll through them and find the one that has the best coverage at the best price for you.

Often these sites will allow you to purchase insurance directly from them and offer discounts for doing so. By comparing cheap insurance quotes on line through one of the sites will save you time and money.

If you prefer spending endless hours on the phone just to get the best rate go right ahead. Using the internet can take the hassle out of buying car insurance. Who needs another headache when all you’re looking for is the best coverage in your price range?

It is important to compare insurance quotes before getting signed up with an insurance policy. When you compare insurance quotes you can rest assured you are saving both time and money because you are guaranteed to get the lowest insurance quote.

Given the current recession it is important to make sure to prioritize your money and compare insurance quotes online. A good place to state would be an online website that actually allows you to compare insurance quotes online for free.

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Comparing Cheap Insurance Quotes – The Best Trade Off Between Premium and Deductible

Shopping in general involves a lot of decision making. You have to be even more careful and use more analysis when buying insurance irrespective of the type of coverage you are looking for. You have to get an affordable deal that offers sufficient coverage. The best way in which you can do this is to collect as many cheap insurance quotes as possible. You can get this job done in no more than half an hour if you use the services of an online provider that gives you a bunch of offers from different insurers for free.

The more difficult part comes next. You will have to compare the different cheap insurance quotes you have obtained. It is essential for you to look for the most affordable of all deals. Apart from analyzing the rates you should check whether the insurance company offers any discounts that you might be eligible for. More importantly, you have to decide on the trade off between the premium and the deductible you will have to pay. Setting these two costs correctly will allow you to save a lot of money and to manage your budget more efficiently.

The premium is basically the fee that you have to pay annually or monthly for the coverage you get. In case you make a claim on your policy and the insurer approves it you will have to pay a deductible. It can be a set sum, but in most cases it is a percentage of the cost of the claim. You should also keep in mind that with health insurance plans the deductible is fixed and has to be paid once a year. Generally, the higher the deductible is the lower the premium is and vice versa.

You can save a lot by increasing your deductible. This is particularly beneficial when you buy auto and home insurance policies since you will have to incur this cost in an event that may never actually happen. At the same time everything is possible. Thus, it is best for you to set a deductible that you can afford to pay it at any time. You have to decide on how much you would want to increase this cost depending on a number of factors.

The main one is the premium. Generally, the experts recommend to any buyer to accept as high premium as they can comfortably afford. You should do some calculations in order to decide how much of your monthly income you can set aside for insurance. At the same time you have to take into account your savings. They will allow you to determine how much you could afford to take out of your pocket if you made a claim today. If this sum is not very large, you may think twice before setting a way too large deductible.

Overall, it is up to you to decide on the best trade off between premium and deductible. This is an individual decision that you have to take when comparing cheap insurance quotes. You have to make your choice by taking into consideration all relevant factors.

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