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Day: August 24, 2018

How to File Your Home Insurance Claims Successfully

Home insurance claims are a fact of life. The entire reason you obtain coverage is to protect your assets. Obtaining the coverage is just one step. Do you know what your policy covers and for how much? This might seem like a stupid inquiry but the fact is there are a lot of homeowners who have a very discourteous awaking as to how much they are insured for.

Before you begin filling out any claim paper work it is a good thought to read over and evaluate your insurance company’s submission guidelines. This information should be readily available in your customer packet that you obtained with your policy when you first took out your insurance policy. A number of insurance companies may even a supply a sample claim form to assist you better understand what they are seeking. Another good place to get sample claims and information about filing a home insurance claim is on the company’s website.

Filing a successful home insurance claim is not always a simple task to complete. There are many hoops to jump through when filing such a claim, and if you aren’t convinced how your insurance company and adjuster estimate depreciation for your home and property, you could risk losing thousands. In order to obtain the most out of your home indemnity, when you need it most, it is significant to comprehend how to file your claim effectively.

If you are planning on filing a home insurance claim, it is essential to understand and know what type of claim you will be filing. The approach homeowners should take when filing a home insurance claim will depend on what kind of loss you have suffered; theft, damage to the property, or a mixture of losses. The kind of claim will also diverge if the loss was caused by a natural disaster. A number of home indemnity plans also cover injuries that have happened on the premises.

Insurance companies do try to handle all home insurance claims as quickly as they can. If you, the homeowner, are able to give as much information and documentation supporting your claim the insurance provider should be able to find you your claim check in reasonably short order.

However, winning a home insurance claim is not always so simple. The insurance company will be looking to get approaches to throw out your claim in some cases. The major reasons they will use to refuse your claim are that you are not sufficiently covered, your time period for filing has expired or that what you are asking for exceeds the claimable amount as described on your policy.…

New York Personal Injury & No-Fault FAQ

Every personal injury claim is different and there are no guarantees. Below are rough answers to some questions we hear frequently about personal injury. Further below is a specific FAQ on No-Fault in New York.

Personal Injury FAQ

Q: How much do lawyers charge?

A: For most personal injury claims, there is no fee unless you collect. Most lawyers in New York charge a one-third contingency fee. When the claim is resolved, the lawyer gets reimbursed for expenses out of the award. Next the lawyer takes the one-third fee. For example, if a claim settles for $35,000, and the lawyer has $2000 in expenses, the fee is $11,000 (1/3 of $33,000). The client would get $22,000.

Q: Does the lawyer always pay the expenses up front?

A: Usually, but not always. There are two major situations where we don’t. First, some personal injury claims are not very strong, but we might still be willing to work on a contingency fee basis. In such claims, we will tell the client that they will have to pay the expenses. The other situation is when there is a good offer and the client refuses to accept it against our advice. In these lawsuits we require the client to cover all future expenses.

Q: What are typical expenses in a personal injury lawsuit?

A: In New York personal injury lawsuits, filing fees usually total less than $500. Deposition transcripts also usually total less than $500. The biggest expense is when a lawsuit goes to trial and we have to pay doctors and other experts to testify. We have paid anywhere from $300 to $7500 for a doctor’s testimony, and some doctors charge as much as $5000. Other expenses include process servers, investigations, medical records, and meals. In some cases you may need other experts. In one big case we spent about $10K on an accident reconstructionist. The other side spent about $40K on theirs.

Q: What is the process?

A: First most lawyers negotiate with the insurance company. If negotiations are unproductive, the lawyer files a lawsuit. For a few months the lawyers exchange paperwork with the insurance company attorneys. Next come depositions, where they question the plaintiff client and the plaintiff lawyer questions theirs. Then the insurance company might have the plaintiff examined by their doctor in what’s known as an IME – Independent Medical Examination. Plaintiff lawyers prefer to call this a Defense Medical Examination. Last is trial. A lawsuit might settle at any point along the way, even while the jury is deliberating.

After a trial the losing side can appeal. Sometimes even the winner can appeal. Cases sometimes settle during the appeal process.

No-Fault FAQ

When you are hurt in an automobile accident in New York State, No-Fault insurance can help with many of your costs. The following frequently asked questions (FAQ) will help you to understand when and how No-Fault pays, what it pays for, and what you have to do.

Q: Am I eligible for No-Fault benefits?

A: …