When is it too late to file a claim with your auto or house insurance company, and how do you know when it’s too late? You may be surprised by the following information.. If you have property and casualty insurance, including auto and home insurance, you can file a claim at any time. To begin, we’d like to be crystal clear about one thing.
We strongly encourage you to file a claim whenever possible.
Contact your insurance carrier as quickly as possible following an accident, or at least file a claim with them directly. After an automobile accident, property damage or some other type of incident, there is absolutely no downside to making a claim as soon as possible. Many people wait weeks, or even months, before filing a medical claim following an accident since symptoms may not begin to surface until much later. Personal injury protection claims, on the other hand, typically have a two- or three-year statute of limitations on when they can be brought. There is also a three-year time limit on medical insurance payments.
Check with your state’s current policy for more information, as this varies by state.
So, what are the possible repercussions of delaying the filing of your claim? A few real-world examples will serve as illustrative evidence. Let’s imagine you were injured in an accident at home and waited a long time to make a claim with your insurance company. If you decide to wait, be aware that you’ll need to take additional steps to protect your home from further harm.
A blown-out window, for example, necessitates the use of plastic or plywood to shield your home’s interior from further harm because your home insurance will not pay for further damage if you fail to take these precautions. It’s another terrible example if you don’t have a police report after an automobile collision. Having no police record and waiting a long time before submitting a claim may make it more difficult for your insurance company to locate and interview the other parties involved in the collision.
So, while delaying the filing of your insurance claims is generally OK, we don’t advocate it when it comes to filing your claims for benefits. Are you protected by a high-quality policy?
Are you overpaying? If you have any questions or concerns, please don’t hesitate to give us a call.