After the dust settles when you’ve had a car accident or loss to your home or your business, it’s time to call the insurance company. Many consumers have multiple questions about filing an insurance claim like how much it will cost, will their premiums increase, and what are the negative consequences of filing a claim? These are all perfectly legitimate questions and there are many factors that play into each claim on a policy. Specifics should be discussed with your insurance agent, but we’ve provided a quick checklist to review
When the bill comes in the mail to pay your insurance premiums, this should trigger a knee-jerk reaction to review your policy. Insurance policies are living documents, which means they can be changed to accommodate changes in your lifestyle or circumstances. Many consumers don’t understand what coverage they have, and could be spending more than they need. Reviewing your insurance premiums should be done annually, just like getting a physical or going to the dentist. Failure to do so could result in more headaches down the road.
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