Preferred Choice Insurance and Financial Group Home Page Home Page About Us Contact Us  
Alternate Content
Alternate Content

 


Frequently Asked Questions

Below are some of our frequently asked questions. If you have any other questions or concerns, please feel free to contact us.

  1. How Long Will My Claim Take?
  2. What's a Deductible?
  3. The Auto Accident Wasn't My Fault. Will I Have to Pay My Deductible?
  4. What Happens if My Vehicle Is Totaled?
  5. What if the Repairs Are More Than the Estimate?
  6. Will My Insurance Premium Increase if I File a Claim?
How Long Will My Claim Take?

Every claim is unique, and there are many things that could affect how long it takes to resolve your claim.

You can help your claim go smoothly by providing the Insurance Company with all the information and documentation you can about the Claim.



Back to Top

What's a Deductible?

Your deductible is the amount you've agreed to pay out of your pocket before The Insurance Company pays for any covered losses.

Here's an example. Say you have $3,000 worth of covered damage, and you picked a $1000 deductible, applicable to that coverage, when you bought the policy. That means you pay $1000, and your auto or home insurance pays the rest.



Back to Top

The Auto Accident Wasn't My Fault. Will I Have to Pay My Deductible?
Regardless of who was at fault, you'll pay a deductible for certain coverages. However, during the claim investigation, if the facts indicate there's a chance to recover the damages from the person responsible for the accident, the Insurance Company will attempt to recover them, including your deductible.

Back to Top

What Happens if My Vehicle Is Totaled?
The decision whether to repair or declare a vehicle a total loss is based on the type and the extent of damage, age of the vehicle, state law, and other factors. In order to make a decision, the Insurance Company will have to inspect your vehicle. If the repair estimate is more than the vehicle's worth, the Insurance Company will pay the actual cash value of the vehicle, up to the limits of the policy, minus your deductible.

Back to Top

What if the Repairs Are More Than the Estimate?
Should that be the case, you should contact the appropriate insurance claims professional to discuss any additional loss-related damage for further payment.

Back to Top

Will My Insurance Premium Increase if I File a Claim?
Every policyholder's situation is unique, so depending on your circumstances, your premium may be affected. If you are concerned, don't hesitate to discuss with your agent.

Back to Top




Quick Links Home Page About Us Get A Quote Companies Claims Contact Us Facebook Twitter Google Plus