What To Do If Your Insurance Claim Is Denied? It can be a nightmare if you spent money for insurance coverage only to find out that your claim has been denied. If that happened to you, we have some tips on what you should do. It doesn’t matter if it’s homeowners or auto, you must read the policy and the fine print.
Denied claims make your life much more complicated, especially when you don’t have the cash to pay for the repairs on your own. But don’t start thinking of ways you can live with those burst pipes or that tree through your roof just yet. Take a deep breath and read on. There may still be hope.
Remember, your insurance company is a business. They don’t like to give away money if they don’t have to. They make a habit of denying claims to their loyal customers because they don’t want to be the ones to foot the bill.
If you are the victim of a traumatic incident which has caused extensive damage to your property or vehicle, you deserve the chance to rebuild your life.
Insurance claims are full of jargon and can be hard to follow. If you can get past the technical and awkward wording, you will find out why a claim was denied. At least, those details should be listed in your policy.
If they aren’t, you shouldn’t simply throw the claim away and vent about paying for the damages yourself. Pick up the phone and call your insurer. They are legally obligated to explain why it was denied.
Insurers are very thorough when they write their insurance policies. They want to make sure they have a valid contract that spells out your rights and when you will be given or denied coverage. If your claim was denied, always go back and review your policy.
In addition, you can get always get another copy of your policy directly from your insurance provider.
Understanding your policy in detail is essential. If you catch a mistake on the part of an insurer, you have a good chance of appealing their decision or taking them to court. You will only have that chance if you take the time to look.