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Filing a claim, especially an at-fault loss, may increase the cost of your car insurance substantially. If the accident is not your fault, the other person’s insurance should pay the claim, so ...
Read the letter from your car insurance company. ... Carefully read your policy paperwork to make sure the number of drivers listed on the policy is accurate. 6. Check your claims and accident ...
An auto insurance claim is essentially your way of notifying your insurance provider that you’ll need to use your policy to cover expenses after your car is damaged in a covered incident. The ...
The Coalition has published research studies on subjects related to insurance fraud, including claims investigation, the economic consequences of insurance fraud, and fraud prevention. [7] The Coalition also publishes information on common forms of fraud, and how businesses and consumers can protect themselves. [8]
The UK Insurance Research Council estimated that in 1996, 21 to 36 percent of auto-insurance claims contained elements of suspected fraud. [ 17 ] Schemes used to defraud automobile insurance providers differ greatly in complexity and severity, and include both individual and organized efforts.
Personal injury protection (PIP) is an extension of car insurance available in some U.S. states that covers medical expenses and, in some cases, lost wages and other damages. PIP is sometimes referred to as "no-fault" coverage , because the statutes enacting it are generally known as no-fault laws, and PIP is designed to be paid without regard ...
In some cases, a claim could even be denied due to bad faith or misrepresentation of the facts, making it important to be truthful and accurate to your car insurance company when reporting your claim.
When an insurance company calculates the premium it will charge, it divides the policy holders into groups. For example, it might divide motorists by age, sex, and type of car; a young man driving a fast car being considered a high risk, and an old woman driving a small car being considered a low risk.
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