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Archive for the ‘Accident & Casualty Insurance’ Category

Do I Need Accident Disability Insurance?

Although, of course, we don’t want them to, accidents happen in life. If we’re fortunate, we’re left with few if any lasting effects. However, there are certain cases when long-term disability can result. In this case, not only do we have to worry about recovering from our injury or disability, but we have to worry about carrying on and paying the bills as well. This is where accident disability insurance comes in.

Unfortunately, although it’s a common belief, National Insurance Tax does not cover you for disability. This was true to some extent prior to 1995, but it is no longer. Today, the government will only help you if you cannot work at all. Even then, you can only expect to receive about

Filing auto accident insurance claims is quite tedious. But to get your compensation for the accident, it is a necessary procedure – so you might as well go about it in the fool-proof manner described here.

Tip 1: Inform the Insurance Company about the Accident Immediately

Your first priority after an accident is to ensure you and your co-passengers are okay, so a thorough medical check-up is necessary. After you are done with it, call up your insurance company and inform them about your accident. Now would also be a good time to go through your insurance policy and familiarize yourself with the exact terms of your auto accident insurance claim, if you are not familiar with it already.

Tip 2: Write a Detailed Auto Accident Insurance Claims Statement

Giving as much detail of the accident as possible and supporting your claim with pictures of the accident site, damaged vehicles, etc. is essential. In the claims statement, you must also include medical reports of all injuries that you have sustained in the accident, no matter how small the injury appears. If you add names and contact details of any witnesses to the accident, it adds more value to your claim. All this substantiates your auto insurance claim immensely.

Tip 3: Keep Track of all Events Pertaining to Your Claim

Whether it is a discussion you had with the police, your insurance agent, or a record of your medical expenses, anything that has got to do with your claim is supposed to be recorded in writing. If your claim is settled in court, these will be used as evidence. Do not try to rely only on your memory; file all bills, receipts, etc.

Tip 4: Check all Your Insurance Policies

If you have multiple insurance policies, each one may allow you to file an auto accident insurance claim. To ensure you claim all that you are entitled to, you have to know your policies’ details, as discussed above. Take time out to review all your policies periodically.

Tip 5: Be Honest

Honesty with your insurance company is always the best policy. Otherwise your auto accident claim could be disqualified on fraudulent grounds.

Life is fast. Situations are dynamic. And accidents can happen anytime. And it is in recognition of this fact that there is a scheme of accident insurance. If you purchase this policy, you will be protected against big financial losses that accidents bring in their wake along with other ordeals and agonies.

Vehicular accidents take more lives and cause many more injuries every year than any major war in the history of mankind. A few things come in handy while making an accident insurance claim:

The names and contact nos. of witnesses and the policemen who view the case. Make a note of weather conditions, visibility and of road surface, including the width. And whether the traffic controls were sufficient to indicate them? Skid marks on the road surface are given special emphasis to indicate the nature and possible reason for the accident. If another vehicle is involved in the accident, supply details, best if, you have photographs of the damage to both vehicles. An accident insurance claim gains more credibility by furnishing details about any bodily injuries incurred. You should also collect data on the collateral losses such as jewelery, clothes, fragile stuff, and the like, that you may be carrying in the car.

Your claim should be substantiated by your doctor’s report. It is necessary to have an account of your medical treatment starting from details of injuries to the after-effects after the treatment. This can also corroborate your medical insurance claims. It is also advisable to procure a written statement from your employer about the number and value of working time lost due to your non-availability at work and thus your lost wages. A proper assessment of the damages by experts in accident insurance helps you come at the right amount estimate to be claimed.

A wise insurance policy holder always reads the policy document very carefully to understand the terms and under what conditions are they applicable. You must know all the inclusions and exclusions within the policy as they apply to your making a claim. Better your clarity, lesser the false expectation and lesser the hassle while making an insurance claim.