What is the appraisal clause? Most personal automobile insurance policies and all homeowner insurance policies have an appraisal clause. This allows disputes between the policyholder and insurer over the amount of loss to a vehicle or property to be resolved by appraisal. You and your insurer each choose an appraiser at your own expense. Each appraiser states the actual cash value and the amount of the loss. If they cannot agree on the amount of the loss, the parties then choose an umpire to make a final decision. The parties share the umpire's fee. Appraisal is not available if your dispute is with another person's insurer. In that case, it may be necessary to resolve the dispute in court...
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KPMG estimated the size of the automotive insurance is expected to shrink by 70% due to the rise in demand for autonomous cars and the shift in liability then being placed on the car manufacturer. With the rise of AI in most sectors, it follows that AI would find its way into the automotive insurance world. AI may allow car insurance companies to keep up with an evolving consumer base that is looking for faster service, faster payouts, and policy prices tailored to them. Recently, w e published a report looking at the AI initiatives of the 4 largest insurance companies in the United States. This report seeks to cover the AI initiatives of the auto insurance sector, specifically. As of now...
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You’ve been in an accident and need to make a claim. The following will help you understand the process and lead you to the best possible outcome. If you need more information on your particular situation, you will need to speak to your insurance agent, broker, or company representative. Understand your policy It's a good idea to sit down and read over your Ontario Automobile Policy (OAP 1) to understand your coverages, rights, and responsibilities. If you do not have a copy of the Ontario Automobile Policy (OAP 1), ask your insurance agent, broker, or claims adjuster for one, or download a copy now. How and when to file an accident report Following an accident, you must file a report with...
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Did you know that the average person will file an auto insurance claim for an accident once every 18 years? Every year there are about 10 million accidents, ranging from fender benders to multi car pileups. If you want help processing insurance claims, then there are three main points you should know. If the accident has already happened, this advice might be too late, but make sure you get contact information, auto insurance information, and exchange license plate numbers. If you have a camera on hand, take photos. Look for witnesses who could tell what they saw happen, and get their contact info as well. Police officers in some jurisdictions will try to avoid writing up an accident report...
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State Farm Auto Insurance Review With high marks in claims satisfaction and strong financial ratings, State Farm is a solid contender in almost every category. Almost. When it comes to discounts, State Farm boasts a comparatively shorter list than other big-name auto insurance providers, which limits the company’s ability to offer you the lowest possible rate. However, it makes up for this by having a few important supplemental coverage options, including rideshare coverage in 42 states (plus Washington, D.C.). The Claim State Farm claims that it can provide extensive coverage with personalized service unrivaled by other insurers. That means around-the-clock support and policies that will...
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There are a few questions in life that are more confusing than their answers. The blanket query into whether or not insurance follows the car or the driver in a particular jurisdiction is such a question – one we see regularly. It isn’t a dumb question. It is more like a MENSA brain teaser than a legitimate insurance question, and it is usually the wrong question to ask. The answer to whether insurance follows the car or driver depends on many variables, most notably the kind of insurance coverage being referred to. There are coverages that follow the car and coverages that follow the driver. In general, auto insurance follows the car instead of the driver, but the specifics of a claim can...
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How to File a Car Insurance Claim Auto accidents and the resulting insurance claim process can be frustrating, but being prepared to file a car insurance claim will make the process significantly smoother. Being an informed claimant throughout the claim process will make you more likely to get the settlement that you deserve without being taken advantage of by the insurance company, while being an uninformed claimant makes you more likely to settle a claim for less than it is worth. Know the car insurance claim process, and help yourself get the insurance money you deserve! Filing a Car Insurance Claim It is possible to settle your accident claim without a legal background, and the most...
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Steps to Take When Filing an Auto Insurance Claim Because most drivers don't make a habit of wrecking their vehicles, the car insurance claim process is usually a novel one. The average policyholder does not even know where to begin when the time comes to file, let alone how to see the process through to completion. If you're in that boat, this section will guide you through every aspect of a claim. The following articles will explain how to prepare to file, how to actually file, and how to follow up if necessary once there is a settlement. Before You File: Preparation Checklist Your level of preparation will directly impact how quickly the process will take. The best preparation begins...
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If you have been involved in a car accident, you may be wondering how to best proceed with settling a vehicle damage or injury claim against the other driver, so you can put the accident behind you and get on with your life. In this article, we'll offer some tips on the best strategy for setting a car accident claim. First Things First Even though the other driver may have caused the accident, you usually will not be dealing directly with the other driver in attempting to settle your claim for damages. Typically you will work directly with the other driver’s insurance company. any witnesses to the accident, and any law enforcement officers the come to the scene. It is also a good idea...
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AUTO INSURANCE CLAIMS Consumer Alert! Did you know when you call to file an auto glass claim you’re NOT really calling your insurance company? As soon as you hit the prompt for “glass only claim,” you are re-directed to a third-party administrator (TPA) call center that is affiliated with a nationwide glass company. These third-party administrators may try to force you to go to one of their chosen locations as they receive a monetary kickback for doing so. This process is known as “Job Steering” and is ILLEGAL in the United States. Quality and superior customer service is hard to come by these days. That’s why consumers choose Plymouth Glass & Mirror for our exceptional workmanship and...
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