Insurance Insights: Put On Notice
Most insurance companies require that they receive a notice of loss. This means that, when you are involved in an accident, the terms of most insurance policies dictate that you must contact the insurance company and inform them of the accident. Should you fail to do so in a timely manner, the insurance company may try to deny coverage for the occurrence. After you have notified your insurance company, the policy may require you to “tender the defense” of any claims arising out of the occurrence to the insurance company. This means that you are required to allow the insurance company to hire an attorney or otherwise participate in the settlement and litigation of claims made against you by third parties.
To learn more, please call us today. We are more than insurance specialists; we are your advocates. We make ourselves available to clients, explaining coverage options and navigating issues until they’re resolved. When it comes to insurance rates, you have some say in how much you’ll have to pay. Maintaining a superb driving record means you won’t have to file any claims, which keeps your rates down.
Quick Tip: Once an insurance company has provided you with benefits, such as repairing your vehicle under collision damage coverage, you must give the subrogation rights arising out of the accident to the insurance company.