Any
claims for unexpected occurrences that trigger an insurance claim should be
carefully considered in an effort to determine whether such an insurance claim
might be considered “frivolous” by an insurance company.
An
insurance company may consider an insurance claim to be frivolous if the
insured claim is not much more than the estimated cost to either repair or
replace the insured damage.
For
example a $600 dollar insurance claim for which the client will only receive
$100 in insurance benefits because of a $500 deductible might not be in the
best, long run interests of the insured.
When
submitting any insurance claim, be certain to consider the long run impact such
a claim will have on future insurability.
As
soon as a client is involved in an unexpected, insured occurrence, it is wise
to discuss that occurrence in detail with your insurance agent.
For
more information, contact either Andrea Shearer, Tessa Everman, or Burton
Heginger at Triplett Companies at phone number
515/232-5240.
You must ensure that your policy is kept in a safe place, and that someone else is aware of that place as well. You should also keep copies of all correspondence between yourself and the insurance company.
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William Martin
Financial Claims Made Simple