Call Us 877-945-7233 ☰ ˟
Saferoad Insurance
Call Us 877-945-7233
  • HOME
  • Insurance Products
    • Auto
    • High-Risk
    • Homeowners
    • Motorcycle
    • Business & CommercialImage of right arrow
      • Workers Compensation Insurance in California
      • Restaurant Insurance in California | Saferoad Insurance
      • California Builders and Tradesmen Insurance
      • Insurance for Bars in California | Insurance for Bar Owners
      • Plumbers’ Insurance California | Saferoad Insurance
      • Electrician Insurance | Saferoad Insurance
      • Carpenter Insurance | Saferoad Insurance
      • Welding Insurance | Welding Liability Insurance
    • Commercial AutoImage of right arrow
      • Food Truck Insurance
      • Contractor Insurance
      • Dump Truck Insurance
      • Delivery Driver Insurance
      • Semi Truck Insurance
      • Box Truck Insurance
      • Semi Truck Insurance
      • Moving Truck Insurance
      • Pickup Truck Insurance
      • Plumber Auto Insurance
      • Tractor Trailer Insurance
      • Van Insurance
    • Recreational Vehicle
    • Watercraft & Boat
    • Renters
    • Life
    • General Liability Insurance
    • Mexico Insurance
  • Payment & Claims
  • Tax & Registration
    • DMV Registration
    • Vehicle Registration
    • Tax Preparation
    • Insurance Glossary
  • Contact Us
    • Contact Us
    • About Us
    • LocationsImage of right arrow
      • Long Beach
      • Los Angeles
      • Anaheim
      • Huntington Park
    • Refer a Friend
    • Careers
    • Blog
    • Privacy Policy

Get an INSTANT QUOTE


Get a free quote

Home > Blog > When To File an Insurance Claim & When To Pay Out of Pocket
THURSDAY, APRIL 13, 2023

When To File an Insurance Claim & When To Pay Out of Pocket

When To File an Insurance Claim & When To Pay Out of Pocket

If your home is damaged in a storm or your car was totaled in an accident, you turn to your insurance company to sort out the financial obligations. Filing a claim in these circumstances is expected; when is it appropriate to pay out of pocket?

Knowing when to file an insurance claim and when to pay out of pocket can be tricky. What you think is substantial damage may be considered the opposite, leaving you conflicted. Here are a few things to remember when filing an insurance claim.

Filing a Claim vs. Paying Out of Pocket

When you file an insurance claim, you ask the company for financial assistance on the loss or damage of your insured property. This can be your car, home, or valuable items. If the insurance company approves the claim, you will receive compensation. However, it’s important to know that insurance companies only cover insured items that were damaged or lost in unforeseen circumstances. This includes but is not limited to vandalism, theft, fire, and explosions.

When To Consider Paying Out of Pocket

You should pay out of pocket if you’ve incurred less than your deductible damage. Even if the damage is slightly above the deductible, consider paying out of pocket. It’s likely not worth going through the process of not being compensated a larger sum. Insurance claims take time to process and can last longer than it takes to complete repairs on your damaged property.

Consider paying out of pocket if you’ve recently filed a claim. Some insurance companies find that filing two claims in a year or three claims in two years is excessive. This can increase your rates, or the provider could choose not to renew your policy.

When To File a Claim

You can file a claim when major property damage costs more than your deductible, if someone sustained injuries, or if the accident involves other parties. You should notify your insurance provider immediately and let them know you plan to file. This way, they can start the process and prepare your compensation.

At Saferoad Insurance, we want our customers to know we care and want them to be financially protected in any circumstance. We offer auto, home, RV, boat, and renter's insurance in Anaheim, CA. For more information, make sure to connect with our agents. We’re always ready to help!

Posted 11:02 AM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019

  • insurance(9)
  • auto insurance(4)
  • long beach(4)
  • coverage(3)
  • california(2)
  • home insurance(2)
  • policy(2)
  • auto(2)
  • car accident(1)
  • liability(1)
  • general(1)
  • credit score(1)
  • life(1)
  • mexico auto insurance(1)
  • general liability insurance(1)
  • renew your policy(1)
  • road trip(1)
  • tax refund(1)
  • commercial(1)
  • claims(1)
  • car(1)
  • safety tips(1)
  • insurance limits(1)
  • business owners(1)
  • boat insurance(1)
  • tax preparation(1)
  • car insurance rates(1)
  • motorcycle(1)
  • expenses(1)
  • liability insurance(1)
  • commercial auto insurance(1)
  • renters insurance(1)

View Mobile Version

Contact Us Today!
877-945-7233

Facebook Twitter LinkedIn Google
Serving All California Residents. Saferoad Insurance
Quick Links
Home
Get A Quote
Customer Service
Payment/Claims
Mobile Privacy Policy
Same Day Insurance
About Us
Our Carriers
Blog
Contact Us
Subscribe
Locations Find Your Nearest Location Here
Anaheim
Fontana
Fremont
Garden Grove
Glendale
Long Beach
Los Angeles
Oakland
Sacramento
San Bernardino
San Diego
San Francisco
San Jose
Santa Clarita
Stockton
Victorville
Powered by Insurance Website Builder