Most people carry insurance on our vehicles and our properties to protect themselves from losses, but when such losses occur, it can be difficult to collect the value of the items from the insurance companies who hold those policies. It is in the best interests of the insurance company to pay as little as possible, and many policyholders find that the first offer they receive is a low one.
Instructions
1. Document your claim accurately, from the date of loss to the date the claim is actually filed. Proper documentation and record keeping are essential to any successful insurance claim, and the more evidence you can provide, the stronger your case will be. If possible, submit before and after pictures of your vehicle or property -- this photographic evidence can be very important in assessing the actual damage to your property.
2. Get multiple estimates for the repair or replacement of your property. Whether you are filing a claim against your car insurance, homeowners insurance or renters insurance, it is essential you obtain multiple estimates. The insurance company may reject your claim or try to pay a lower amount if you submit only a single estimate. In gathering estimates, however, make sure that they are all from reputable shops that will be able to restore your property to its former condition. In some cases, you may be required to obtain an estimate from a body shop approved by your insurance company.
3. Bargain from a position of strength. Many insurance companies will make an initial low offer, hoping you are so anxious for the money that you will accept that ultra-low offer. If you can bargain from a position of strength, you will be in a much better position to resist that low offer and hold out for a better deal. If you have an emergency fund in place, consider tapping it to purchase a replacement vehicle or a replacement for your damaged property. This will buy you valuable time and help you bargain effectively with the adjuster assigned to your claim.
4. Gather information about the true value of your property. If you are dealing with a car insurance claim, get a copy of "Kelly Bluebook" or access it online it to determine the fair market value of your car. You can also use ads from local car dealers, as well as classified ads from private sellers, to support the true value of your car. The more information you gather, the stronger your case.
Tags: your property, insurance company, value your, your claim, from position, from position strength, insurance claim
