When it comes to auto insurance, many people have had problems.Â A claim was denied, renewal was more expensive, or extra options were placed in a policy that you may not have wanted.Â Many of these things can be avoided or taken care of quickly if you know what to do next.Â Here are a few common problems and what you should to do to fix them.
Insurance Claim Denied â€“ Sometimes a submitted claim will be denied by your insurance company. Some common reasons for a denied claim include:
- Insurance was not purchased for the claim submitted.
- Coverage has lapsed because of a missed payment.
- Damage exceeds the policy limit.
Â If you believe that your claim should be paid, here are the steps you can take:
- Write to your insurance company and notify them of their mistake.
- Appeal the decision to your stateâ€™s Insurance Commissioner.
- Discuss the problem with an attorney
Another area that you will want to pay close attention to is determining your deductible.Â Â Â A lower deductible means you pay less out of pocket in the event of a claim, but your insurance premium will be higher as a result.Â If you want to lower your premium, carrying a higher deductible will allow you to do this.Â Make sure you work this out with your insurance provider, so you get the best price on your policy with the deductible you wish to pay.
The most important tip is to review your policy each time you renew.Â If you see anything out of the ordinary or something you donâ€™t understand, contact your insurance provider for further clarification.
This content is offered for educational purposes only and does not represent contractual agreements. The definitions, terms and coverages in a given policy may be different than those suggested here and such policy will be governed by the language contained therein. No warranty or appropriateness for a specific purpose is expressed or implied.