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Loyola Insurance Claims: Easy Steps
An auto insurance claim is activated:
- When the insured customer makes a request to the insurance company to cover for damages sustained after an accident, or
- When an insurance call is received by the insurance company to stand in your behalf for damages incurred by you in an accident.
After paying for an insurance policy or package, it is paramount that a claim is made whenever an accident occurs in order to avoid unnecessary expenses, putting your future at risk.
There are many questions that arise during auto insurance claims, especially for new entrants. In this article, I’ll be answering the most important questions about insurance claims, namely:
- Asking for a claim
- Key steps involved in the process
- Consequences of not making a claim
Asking for a claim
The first thing is knowing the appropriate time to file your insurance claim.
When do I file a claim?
Depending on your personal insurance policy, an insurance claim can be made after your car or vehicle is involved in an accident, or if your car has been stolen or vandalized.
How long can I wait before filing a claim?
The time limit you have to make a claim varies in different states of the country. In most cases, it ranges from two to four years. Make sure to check your state auto insurance policy for the time limit in your state of residence. If your state does not have a time limit, consult Loyola Insurance to find out how long you have to do so.
Key Steps of the process
Filing an auto insurance claim is not just about making a claim but also about completing the procedure successfully. If this is your first time filing an auto insurance claim, there’s no need to worry. Here are the right steps to take while filing a car insurance claim.
- Go through your insurance policy carefully
Go through your insurance policy to see what you are entitled to and how much coverage you would be receiving for your car. Note, you will pay a deductible fee if the accident is your fault. If the other driver is at fault, they pay the deductible fee. In case both parties disagree to take responsibility for the accident, then legal methods will have to be taken, and you will require the services of a lawyer. Most drivers become victims of legal issues due to underinsured reasons which could be easily avoided, so do check your insurance policy to know where you stand.
- Contact Loyola Insurance
Contact your auto insurance company to know the specific procedure to follow. You will need to provide information concerning your insurance policy and the claim you want to make so have the information handy. The most common things you will need to provide include your name, time and date the accident occurred, policy number, the amount of damage to you and your car, time frame of your policy, names, and addresses of everyone involved in the accident.
In case of a car accident (collision) with another driver, you are to provide his/her name, policy number, insurance company, car model, license plate number, color photos of the accident and ticket issued by the police, if any. Make sure to keep extra copies of this information in a safe folder along with your insurance policy.
- Call for a Loyola Insurance claims representative
After submitting all the necessary information to Loyola Insurance company, we will provide a Loyola Insurance claims representative for you. This representative will be responsible for the examination of your claim and will take you through the insurance process. It is advisable to ask your Loyola Insurance claims representative any questions you might have to ensure clarity of the procedures involved.
- Get a repair estimate for your vehicle
The next step is to get the cost of repair for your vehicle. Go to an automotive repair shop certified by the company to get an estimate on what the repairs will cost. This also applies if you are the one at fault. If your auto insurance company does not have a verified automobile repair shop, you are free to choose one that has stable prices and is known for on-time delivery. Note that it is not advisable to repair your car until the Loyola Insurance claims have been finalized, in order to avoid spending more than you are entitled to receive from Loyola Insurance.
- Call a Loyola Insurance claims adjuster to examine your car
When your repair cost has been estimated, call Loyola Insurance to request a claims adjuster. His responsibility is to use the information provided, such as police reports and the car repair estimate, to deduce the fault and give a claim estimate.
- Request for rental car
If your Loyola Insurance policy includes rental reimbursement, you can rent a replacement car for your daily activities while your car is being repaired. Make sure you check your insurance policy to see if you are entitled to this.
- Fill out all forms and documents
You are almost done. Simply fill out the form and any other paperwork given to you by the Loyola Insurance claims representative. When you have successfully done this, the adjuster will authorize the payment that will cover damages incurred, according to your Loyola Insurance policy.
- Dispute for insufficient repair funds
In cases where you feel too little was paid for the damages incurred, call the attention of Loyola Insurance to re-examine your car and arrive at a suitable price for your car repairs.
- Get your car fixed
That’s it! Now repair your vehicle and get back on the road. If you choose not to use the verified automobile repair shop selected by us, you are free to make repairs at any high standard auto repair shop of your choice. Try to use generic auto parts, which are usually inexpensive, to repair your car.
Consequences of not making a claim
The steps above will ensure the proper filing of a Loyola Insurance claim after an accident.
What happens if I don’t make a claim?
Failure to make a claim leads to unwanted expenses and possible legal issues.
Go through each step carefully and make sure you understand them. If you are currently involved in an accident, we hope this will be very helpful. If not, keep driving safely. Always remember that it is better to file a claim immediately after an accident rather than bearing the costs on your own.