For those with an auto or homeowners insurance policy, there is peace of mind in knowing that your finances are safeguarded in the event something unfortunate occurs. However, while significant accidents and disasters should always be reported, there are also times when making a claim isn't advisable. Below are some examples of each.

When Should You File an Insurance Claim?

If the event in question resulted in severe damage to your home, vehicle, or other property, it makes sense to involve your insurance agency. Otherwise, you could find yourself responsible for a large cash outlay in repairs. Also, if you were at fault and face bodily injury or property damage liability costs, a claim should be filed immediately. Any accidents that caused injury, regardless of fault, should be reported. For instance, if another driver failed to stop at a signal and, as a result, you or one of your passengers are harmed, do not hesitate to file.

When Should You Not File a Claim?

Remember that you must pay a deductible toward the claim before your insurer starts to contribute. Thus, if you have a $1,000 deductible and face home improvement costs of $1,200 for storm damage, you are still responsible for most of the expenses while your carrier is only on the hook for $200. Additionally, if you establish a history of repeated small claims, your monthly rates may rise, ultimately negating the $200 you received in payout.

For invaluable assistance designing an auto, home, or renters insurance policy, contact Accredited Insurance Group, in Omaha, NE. They've been serving clients in and around Douglas County for more than 25 years and offer expert guidance during the claims process. Visit their website to see testimonials from satisfied clients or call (402) 334-1780 to request a quote or ask questions of a friendly representative.