What to Know About the Insurance Claim ProcessJune 14, 2023 12:00 pm
Insurance claims can be confusing and difficult to navigate. You may often find that you don’t even know what you don’t know when it comes to the insurance claim process. So, let’s demystify as much as we can and make the insurance claim process easy for you and anyone else involved.
Insurance Claims are Complicated
You already know that going into this. That’s why you’re here, right? One insurance claim is nothing like any other one insurance claim. Each insurance carrier has their own process for their insurance claims. And each insurance adjuster may have their own way of processing things.
There’s Lots of Insurance Lingo
While going through the waves of an insurance claim, you may find yourself lost in the lingo. Lots of words used in the insurance world may not be used elsewhere. You might come across phrases such as “Recoverable Cash Value”, “Umbrella Insurance”, and “Errors and Omissions”. But your insurance agent will know these terms and will be able to guide you and clarify what you don’t know.
Documentation is key to having a speedily processed insurance claim. Photos, notes, or any other form of documentation can make your insurance claim process way easier. Insurance claims are where the philosophy of providing excess information, even if you believe it won’t be helpful, will often benefit you more than not. You would much rather have had or provided documentation for the insurance claim, and not need it than to need it, and not have it.
Time is Critical
Besides starting the insurance claim process sooner, and thus getting a resolution sooner, you may be unable to file a claim if you wait. There is a concept of “sudden and accidental” in the insurance world. It’s usually applied to damage. For example, if your car was damaged to the point of almost being totaled, but it was months ago, your claim may not favor you as well as if you filed the claim the next day after the damages. Therefore, if you need an insurance agent to help you maneuver your way through an insurance claim right now, then call us at (732) 889-7635!