Most motorists accept the advice that it doesn't pay to make small auto insurance claims. For example, if a claim is only slightly bigger than its deductible, it wouldn't make sense to file it since you won't be getting a substantial return and risk being hit by a rate increase. However, there are cases where it's still advisable to make such claims; here are three examples of such cases:
Someone Else Was Involved
Commercial insurance is a must-have for anyone that owns a business. After all, it protects your business from unplanned events, such as a burglary or natural disaster. However, having it doesn't do you any good if you don't know what to do after an incident. Unfortunately, too many business owners don't know how to file a claim and they overlook small details that could have saved them a lot of time, frustration, and money.
Being in a car accident can instantly make you lose your composure, but it's important to do your best to remain calm so that you can accurately assess the situation. Whether you're in a major wreck or a minor fender-bender, it's advantageous to take a series of photos with your smartphone to help document the situation when it comes time to work on your insurance claim. While your description of the events leading up to the accident will also be beneficial, having photographic evidence of the story you're telling will erase any doubt in the mind of the adjuster – and help you have definitive proof if you forgot a key detail because of your stress.
It seems like every insurance company out there has their own brand of homeowners insurance. This can make choosing the right package difficult, especially for first time homeowners. The truth is that no matter the price, or brand, most home insurance packages are similar. Here's how they're mostly the same.
Starting With the Base Standards
Most home insurance policies already consist of standard, industry-wide packages. In general, you're likely looking at one of these two offerings.
Life insurance protects the beneficiary in case of death of the policy holder. If you are a beneficiary of a life insurance policy, you may not be informed of the death of the policy holder, or the policy has been forgotten. Consumer Reports reveals 1 in 600 beneficiaries of life insurance benefits lose $2000 annually because of an overlooked life insurance policy. Here are some tips on locating unclaimed life insurance money.
