Will Filing A Claim Make My Premium Increase Or Result In My Policy Being Canceled?
A single claim shouldn’t change your relationship with your insurance provider. Multiple claims, however, can become a cause for concern that could lead to an increase in your premiums or even cancellation of your coverage. Generally, your insurer will be more inclined to change your rates or coverage if the claim you file relates back to some negligence on your part. It is always best to contact your agent prior to actually filing a claim if possible.
What Kind Of Insurance Does My Business Need?
Your business insurance needs are as unique as your business itself. While all businesses need certain types of coverage—general liability, business property, and workers’ compensation, for example—your other needs hinge on your type of business. If, for example, you use vehicles in your line of work, you need business auto insurance. Similarly, businesses that manufacture a product should consider product liability insurance. Talk to your agent to determine your exact needs.
What Happens After I File A Claim? Your steps after filing a claim are:
- Your insurance company adjuster will reach out to you to gather detailed information about your claim.
- The adjuster may come out to inspect your vehicle or property to evaluate the cost of damages.
- You will work with your adjuster will get an estimate for the damages.
- A check will be cut for that estimate.
- If actual costs differ from the estimate, you and your insurance provider will address the difference. Generally, this means a supplemental check will be delivered to you.
How Do I File A Claim?
If possible it is in your best interest to contact your agent first to discuss options available based on your situation. If unable to connect go straight to your insurance carrier to file your claim. You can file your claim either online or over the phone.