An accident of any kind is a life-disrupting event. However, there are some people that prefer to settle the damage with the other party before filing a claim on their insurance policy. The reasoning behind not filing claims on minor accidents is to avoid an insurance rate increase. What property owners might not know is that failing to file a claim can have long-term consequences.
Attorney Richard Palumbo can help you with the claims process. This is not something that you should face on your own because there is red tape that can add confusion and challenges to the process. Furthermore, filing a claim doesn’t necessarily mean that you will have to pay a higher insurance premium.
Why Should You File an Insurance Claim?
With the help of your Cranston RI property insurance claim attorneys, the insurance claim process can run much smoother than it would if you carried out the process on your own.
There are two types of claims: first-party claims and third-party claims. You will file a first-party claim with your own insurance company. This is the type of claim that people avoid to prevent an increased premium. A third-party claim is a type that is filed with another person or business’s insurance provider. Many property owners have insurance that covers them in case they are responsible for someone else’s injuries.
Which claim you’ll file depends on who caused the accident, the type of accident, and the level of insurance coverage. Attorney Richard Palumbo will take a look at all of these details to make sure you file the correct type of claim. For example, if you slip in the grocery store on a wet spot that lacked the proper precautions, you can file a claim on the grocery store’s insurance.
Help Through the Insurance Claims Process
Because filing a third-party claim is a personal injury claim against the responsible party, it’s important to have experienced Cranston RI property insurance claim attorneys working with you throughout the process. Proper legal advocacy means securing a settlement that pays for the time you miss from work, medical expenses, and other applicable damages.