Filing an insurance claim should give you peace of mind, but some claims may be denied. Understanding the reasons why can help you avoid common pitfalls.
Common Reasons for Claim Denials:
- Coverage Exclusions: Your policy may not cover certain types of events or damages. Always read the exclusions section carefully.
- Lack of Proper Documentation: Insurers require detailed records when you file a claim. Missing documents or insufficient evidence can lead to a denial.
- Policy Lapses: If your policy isn’t active (e.g., you missed a payment), your claim could be denied.
- Failure to Report Timely: Waiting too long to file a claim can result in a denial. Most policies have a limited window for reporting incidents.
- Misrepresentation: Providing false or misleading information when purchasing a policy or filing a claim is a major red flag and can lead to denial.
Claim Scenario:
You own a graphic design business, and after a small fire in your office, you file a claim for damages. Unfortunately, the insurer denies the claim because your policy had lapsed when you missed the last payment. Staying on top of payments and policy terms is critical to ensuring your business stays protected.
We’ll help you understand your policy in detail so there are no surprises when it’s time to file a claim. Our goal is to ensure you’re always covered, no matter what. Contact us today at 360-254-7166 and let’s discuss your insurance needs.