When should you file an insurance claim?

No one wants to be in the position of filing a car or home insurance claim, but it may be necessary from time to time.

Whether your home sustained damage or you were in an accident involving another vehicle, filing a claim starts the process of getting reimbursed. This may include repair costs, the value of lost or stolen property, or associated expenses (such as a rental car or hotel stay).

Keep reading to learn when you should or shouldn’t file a claim and how the process works.

When should you file a claim?
Generally, it can be a good idea to file a claim on your homeowners or car insurance if:

• The damage is covered under your insurance policy.
• Someone was injured.
• The other driver is at fault, or the fault isn’t clear.
• Your home or vehicle is a total loss.
• Your car was damaged by something other than an accident, and you have comprehensive coverage.

When is it not necessarily worth it to make a claim?
There are times when you may not benefit from filing an insurance claim; for example, if the damage to your car or home isn’t covered by your policy. Additionally, if the damage is so minimal that it doesn’t meet your deductible or isn’t worth potentially higher premiums, you may not want to make a claim. Filing several claims in a short time frame could result in higher rates.

How to File a Claim
If you do decide to file a claim, it’s important to do so as soon as possible. You should provide photos and relevant details and respond to requests for additional information.

Call the police if you’ve been in a car accident or if your home has been burglarized. Obtain a copy of the police report to submit with your claim.

Stop using the damaged vehicle (or part of your home) until it can be inspected. You don’t want to cause further damage while your claim is active.

Reach out if you have questions about your insurance coverage.