Avoid making these mistakes if you need to file a claim.
After a disaster or accident, it’s important to file your claims correctly. If you don’t, you could risk your business failing to get financial support, delayed payments, and more. To avoid trouble, make sure you take the time to correctly file your claims. Take a look at a few of the most common mistakes businesses make when filing a claim.
Waiting too long
After an incident occurs, you don’t want to sit around thinking of whether or not to tell your insurer. Don’t wait until after you’ve cleaned up or injuries have gotten worse or damage is spreading. Call your insurer right away. If you did work to fix the issue, you may not get reimbursed for all the labor.
Not properly documenting
To ensure you get as much as you can from a claim, document the damage. Taking good quality photos and videos of the incident can help the insurer to understand the extent of damage, and it can help strengthen the claim. Also, remember to document the repair process.
Not understanding your policy
All too often businesses file claims for damages that aren’t covered under their policy but they believe it was. By knowing what your insurance policies cover – and don’t cover – you can make sure that your business is sufficiently protected. A common example of this is how flooding is often excluded from coverage yet business owners believe that their standard coverage includes it.
When it comes to filing a claim, talk it over with your insurer before something happens. It’s good to be familiar with the process as well as your policy. Ready to get started on your reliable business insurance? Contact Bell Black Insurance. Serving Idaho Falls, Island Park, Driggs, Victor, Swan Valley, Ashton, and the neighboring communities in Idaho, as well as Jackson and Star Valley in Wyoming; we are ready to get you covered today.