Insurance Claim

If you have a serious car accident, or if your car gets stolen, Gap Insurance could save you thousands of dollars. Gap Insurance could also be called “totaled or stolen” car insurance.Gap Insurance “closes the gap” between what your auto insurance company pays if your car is totaled or stolen, and the payoff balance of your auto loan.In other articles,...

Renter’s insurance is one of the most important insurance products sold on the market today. Yet, surprisingly, only a small percentage of renters actually buy renter’s insurance. Here in suburban Atlanta, Georgia, the Atlanta Apartment Association is a giant association of apartment owners and property management companies. Currently, AAA represents...

Aetna, the health insurance giant, may soon be insuring Fluffy the kitty or Fido your pooch.Pets Best Insurance is the new pet insurance company under the Aetna banner. They began underwriting policies last week in six states, and plan to sell in all 50 states before long.Pets Best intends to trade on the market visibility of Aetna and sell its policies...

Drivers and passengers in moving vehicles regularly get injured in low speed, low impact collisions. The best example is a rear-end collision while in slowly moving traffic. Many times, the injuries are soft tissue injuries, like neck injuries, that are hard to diagnose and take time to treat. Insurance adjusters, whether independent or company adjusters,...

A claim supplement is a claim for additional repair or replacement costs. Supplements are commonplace in the claims process. However, if you are a policyholder unaware of your policy rights, you could be walking away from hundreds or thousands of dollars that you are entitled to collect.Claim supplements usually occur after a policyholder submits a...

If you do not know how to handle overhead and profit (OHP) issues in your insurance claim settlement, you could lose tens of thousands of dollars that you are entitled to collect.Yet, many policyholders find themselves forced to use savings or borrowed money to complete repairs. It should almost never be so.In any property or insurance claim, if you...

The newspaper has a story today about a 60-year-old Southern California man who was mauled to death by two pit bulls. Seems the man was standing in his own back yard having a cigarette when the attack occurred. These dogs belonged to his grandson, and the victim was familiar with the dogs. Neither dog had been neutered.Perhaps these dogs were radical...

In March 2007, a disgruntled nurse set fire to a six-story atrium office building in Houston, Texas. The building suffered extensive damage, and three people died from smoke inhalation.The primary insurance company with a $1 million policy on the building has accepted liability. However, there is another insurance company involved.Great American Insurance...

The worsening recession and mounting job losses are causing an unexpected increase in uninsured motorists.Hundreds of thousands of people all over North America are canceling their car insurance or allowing the policies to lapse. One reason is the increasing unemployment rate. As people lose their income, they begin to cut back on their expenses. Tragically,...

I was reminded of Mr. McMahon’s mold experience when I read a story about him today in the newspaper. Seems that Mr. McMahon took a fall a few years back and fractured his neck. Since then, he has been unable to work, and as a consequence, his home was subject to foreclosure. That’s a sorry state of affairs for an 85-year old man who has made a fortune...

Everyone remember what happened all over the South when Hurricane Katrina hit in 2005? The insurance companies denied thousands of claims because they said that the damages were due to flood, not wind. So, for those who did not have flood insurance, their claims were denied. The insurance companies paid smaller claims for the wind damages.Well, the...

High cost home insurance penalizes everyone, but really takes a toll in states where there a lot of different kinds of losses.The concept of insurance was created to spread risk of loss among a large group of people, so that each person bore a small portion of the risks. So, when we are discussing the kinds of risks that drive up homeowners insurance...

Business insurance is vital for a new business. If you are in the planning stages for starting a new business, you’ll need to plan for your insurance coverage. You likely already have insurance for your home and automobile. But the insurance needs for a business are somewhat different and you must address all of your new business exposures. Here is...

Home safety is easy to overlook. Is your home safe? I’ll bet you’ve never looked at home safety through the eyes of an insurance adjuster. But it will benefit you to think about all of the ways you could have an insured loss at your home. Here’s a simple quiz. If you have done all of the tips after the question, you can answer “Yes!” If not, you’ve...

A massive ice storm hit New England on the December 12, 2008 weekend, leaving millions of homes and businesses without electrical power. Thousands of homes and vehicles were damaged as ice-laden trees and branches fell.Now, you’ll begin the cleanup, recovery and repair process. Many of you will be submitting insurance claims for damage to your home,...

Cash value life insurance is the most widely sold life insurance product in the world today. It is also the life insurance product that is WORST for your Finances.These products are also known as: • Whole Life• Universal Life• Variable Life• Interest Sensitive Life • Non-Participating Life (no “dividends”)• Participating Life (pays “dividends”)Why...

Car insurance claim scams happen in cities and rural areas. They happen at both day and night. They happen in sunshine and rain, at rush hour and on quiet roads. You need to know that there are people out on the roads that are planning and looking for someone just like you to catch in their scams. It’s all about filing fraudulent claims and collecting...

Vehicle theft is the number one property crime in the United States, and it costs consumers more than eight billion dollars a year. Much of that cost is borne by insurance companies, and they pass along the costs in the form of higher insurance premiums.Let’s face it. If a criminal wants your car, he’s likely going to get it. But there are things...

According to the United States Fire Administration (USFA), fires occurring during the holiday season claim the lives of over 400 people each year, injure 1,650 more, and cause over $990 million in damage. By following these tips, you can be sure of a safe and happy holiday.Holiday Decorations• If you use an artificial Christmas tree, be sure it is...

Holidays are happy times...for criminals. Your property is far more vulnerable to theft than you realize during the holiday season. Let me show you some ways you can get ripped off, and how you can prevent it.1. Christmas shopping. Many people go to malls and other shopping centers, and park their cars in the expansive parking lots. Shoppers take their...

Winter insurance claims happen with different frequency, and for different reasons, than claims in other seasons of the year. Spring and summer bring thunderstorms, tornadoes, heavy rain and wildfires. Hurricane season lasts until November 30th.In Autumn and Winter, people begin to think about staying warm. So, heating-related insurance claims rise...

The annual holiday office party can be joyous, festive, memorable...and hazardous to the financial health of the business. But without careful planning, you could end up getting sued for what happens at your party...or what happens AFTER your party.I’m defining “office party” as an employer-sponsored party, including parties where business associates,...

A holiday party can be festive, joyous...and potentially hazardous to your financial health. You want to enjoy the company of family and friends. But, if you’re not very careful, you could end up getting sued for what happens at your party...or what happens AFTER your party.If you are hosting a private non-business party at which alcohol is served,...

The answer is “YES!” unless you follow my strategies shown below.I learned first hand about mortgage escrow accounts back in 2003-2005 when I was working as a Claims Examiner for a huge insurance company. Their product was Forced-Placed Hazard Insurance, which is a property insurance policy sold to mortgage companies. Here’s how it works when YOU...

Buying car insurance can be frustrating, time consuming and confusing. But you can save yourself some time, frustration and confusion if you will avoid these five things when shopping for car insurance.1. Low Deductibles When you choose low deductibles, the insurance company charges you the highest premium. That’s because they are carrying most of...

Shopping for car insurance can be confusing, frustrating and expensive. But you can save hundreds of dollars annually if you’ll use the strategies listed below.Remember, folks. I’m an insurance adjuster. I’m the guy that keeps the promises that the insurance company makes. So, I bring a perspective to this topic that comes from years of handling insurance...

Insurance Company Complaints: Who Are The Top 10 Companies With The Least Number of Complaints?The New York State Department of Insurance (DOI) just released the 2008 Annual Ranking of Automobile Insurance Complaints. The report has been issued to help consumers find the automobile insurer that best meets their needs. You can use this report to compare...

The acronym “EIFS” stands for “Exterior Insulation and Finish Systems.” Most people call it “stucco,” although it’s not true stucco. It’s synthetic stucco. In this article, the terms EIFS, stucco and synthetic stucco will all be interchangeable.There was an article in the Atlanta Journal Constitution on November 4, 2008 about Post Properties, headquartered...