Keeping the in Check After an Auto Accident

There’s nothing more frustrating than having to deal with your car after an auto accident, whether you caused the crash or were the victim.

It’s even more frustrating when your claim is denied by your car insurer. No matter what information you provide, your auto can put up road blocks, so to speak, to avoid paying your claim.

Reasons for denial

Insurance companies offer plenty of reasons why they deny claims from policyholders. Some of these reasons include:

1. The driver who caused the accident did not report the crash to his .

2. You were late in making a premium payment, and therefore, the auto insurance expired.

3. The insurance policy does not cover the claim. While auto insurers are sometimes slow to review claims, they are quick to review the policyholder’s insurance coverage to determine whether the damages caused by the accident are included in the policy.How to avoid claim denials

There are other reasons why insurance firms deny claims. Things to do to stay a step ahead of them and take away their reasons to deny your claim are:

1. Review your insurance policy to make sure the claim that you are about to file is covered under your policy. It is a good practice to review your policy every year to determine whether the made changes to your policy.

2. Document any property damage or personal injuries, as soon as possible, if you are in a car accident.

3. Maintain all medical documents, such as physician reports, medical bills, prescriptions, directly connected to injuries that you received in the accident.

4. Obtain a copy of a police report or other related documents if the auto accident warranted an extensive police investigation.

5. Obtain documents to show proof of wage loss, lifestyle adjustments or any other kind of changes due to the accident.

Even with having complete auto insurance coverage and documents, an can still deny a claim and refuse to cooperate with you to resolve the matter. If you are denied and believe that you are entitled to compensation, you can talk with someone in authority at the , take it to an arbitrator or go to small claims court. Another way to get satisfaction is to contact a car insurance dispute attorney. This could come in the form of an accident lawyer.

These attorneys specialize in settling disputes between insurance companies and policyholders. More importantly, they are aware of the excuses auto insurers use to avoid paying out a claim. In reviewing a client’s claim, an experienced accident dispute attorney can determine whether an acted in bad faith by denying the claim or undervaluing the claim.If dispute resolution does not work, the attorney may advise litigation against the company. Insurance firms are more than likely to settle a claim and cooperate with an car insurance dispute attorney rather than go to trial.

There are times when accidents cannot be avoided, which is why you should prepare yourself for these unexpected inconveniences. Learning all you can about your insurance co. and going over your insurance policy prior to any accident may be more beneficial to you than you think. After thoroughly examining your policy, you may decide to switch to another auto .

More About the Term Life Insurance Plans

There are several insurance plans that can suit the needs of every client. Term life insurance is coverage where a client pays a fixed premium rate during a specified period. The beneficiaries of the life insurance can only get the benefits paid if the insured person dies during the contract period. However, if the insured person survives the period of the contract, he can opt to let the coverage go, or he may continue to pay the premium and extend the contract period. The company can choose to include new terms and conditions to the contract if the client chooses to extend the contract period.

Term life insurance plans allow clients to pay premiums for a specified period, which is mostly up to 30 years. With this in mind, clients should consider their lifestyles to see if they are at risk of dying sooner than they think. Many older clients can consider taking short term life insurance to increase the chance that the insurance will be effective, because they do not have a long time to live. On the other hand, young clients can take long term insurance coverage, to make sure that their families get payment when sudden death occurs.

There is also a whole life insurance coverage which offers clients the opportunity of using their premiums as an investment option. This insurance type is known as flexible premium adjustable insurance. The client who opts to buy this insurance can use the premium he or she accrues, through the years to buy items or to borrow loans using it as collateral. The main factors which affect the use of this policy as an investment option is the length of the contract as well as the face value of the policy. The premiums which a client pays also affect the effective use of this insurance as an investment opportunity. A client should try using quote comparison, so that he gets the best quotes.

When getting whole life insurance coverage with adjustable premiums, a client should consider the time it will take before the policy can accrue cash value. Many insurance companies deduct the amount a client borrows against the policy from the death benefit pay out, if he does not repay the amount before his death. With this in mind, many clients would go for the policy which accrues cash value faster than the rest. Before getting into any contracts, a client should use quote comparison, to decide which insurance policy suits him or her best.

Senior Life Insurance Plans – A Guide To Affordable Life Insurance For Seniors

The renowned philosopher and statesman, Benjamin Franklin, famously proclaimed, “Nothing is certain in this world, but death and taxes,” which compels thinking people to strongly consider preparing for the inevitable: death.

Since death is unavoidable and we must die eventually, why not be prepared for it, say wise men (and insurance agents).

So, while it is true that savings, pension plans and contingency funds are all good, old-fashioned tools for ensuring financial security, in the rapidly changing world of technology, wars, natural disasters and changing global economies, it is prudent to combine financial security with cash returns. This is where senior life insurance plans play an important role in providing the necessary financial freedom for people aged 50 plus.

While it is true that buying life cover at a younger age means paying lower premiums, since most factors that affect policy costs, like health and high risk lifestyle factors, are at optimum levels, there are many top rated insurance companies that specialize in senior life insurance plans.

These are also called ‘guaranteed acceptance life insurance’ policies by some providers, since they have minimal requirements for senior applicants, which can be met easily by individuals over 50.

However, if you are keen on buying affordable life insurance policies for seniors, remember that not all companies offer the same features, benefits, add-on covers and costs. So, check out the individual plans offered by top rated life assurance providers and clarify with the insurance agent about any riders you are not sure would benefit your financial goals.

Buying Senior Life Insurance Plans? Remember the following tips to buy an affordable plan!

• Ensure you meet the minimum qualifications for the senior life cover plan before you apply for this type of policy, which typically covers people aged 50-75 years of age that are residing in the area covered by the company.

• Clarify your policy commencement date with your insurance agent to avoid misunderstanding, as buying your policy online usually means your coverage starts from the time you’ve completed formalities of the registration process and made the required initial payment. However, if you are to buy a policy via the conventional medium, like over the telephone or in person, the insurance broker will confirm the date your policy starts and this may take a little more time than an online policy.

• Pay attention to the duration of coverage you choose, since most senior life insurance plans cover you till the time your premium payments are up-to-date. However, if your premiums lapse, you are not entitled to any benefits from the company. So, it is advisable to include a premium cap option, which means you don’t need to pay any more monthly premiums than the coverage you expect to receive; this way, you stay covered for the rest of your life.

• To buy affordable life insurance for seniors, choose a plan that allows you to pay premiums based on extent of coverage. This will enable you to pay for a life cover plan that you can afford to buy comfortably at the time you apply for the policy. Alternately, you can opt for the premium cap feature that only requires you pay premiums till you meet your coverage amount. So, either way, you get to control the cost of plan.