We all know that feeling of dread when we have to make a claim on our insurance.
Whether for a fender bender or a cracked windshield, it always seems like our insurance premiums go up after we make a claim.
And sometimes, it‘s just not worth it to make a claim. Here are 5 times when you shouldn‘t claim on your insurance:
1. When you’ve caused the accident yourself
There’s a lot of debate over whether or not you should claim on your insurance when you’ve caused the accident yourself.
Some people say that it’s not worth it because your rates will go up, while others argue that it’s the best way to protect yourself financially.
So, what’s the right answer?
Unfortunately, there isn’t a definitive answer that applies to everyone.
It really depends on your individual circumstances.
For example, if you have a high deductible and the damages are relatively minor, then it might not make sense to file a claim.
On the other hand, if the damages are significant and you don’t have a lot of money saved up to pay for them, then filing a claim might be the best way to go.
It would help if you didn’t claim on your insurance when you caused the accident yourself. Here’s why:
- 1. It will increase your premiums.
- 2. If you have an accident while driving without insurance, you could be sued.
- 3. It’s not worth the hassle.
- 4. You could be breaking the law.
- 5. It’s not fair to other policyholders.
- 6. Your insurance company may not pay out.
- 7. You could end up with a criminal record.
- 8. It’s not worth the risk.
- 9. You could lose your no-claims bonus.
- 10. It’s not worth the stress.
2. If it’s a pre-existing condition
If you have a pre-existing condition, you may be tempted to file an insurance claim.
However, there are a few things you should keep in mind before you do.
First, your insurance company may not cover the full cost of your treatment. I
n some cases, they may only cover a portion of the cost or they may not cover the cost at all.
Second, even if your insurance company does cover the cost of your treatment, you may still be responsible for paying some out-of-pocket expenses.
These can include things like deductibles, copays, and coinsurance.
Third, filing an insurance claim can sometimes cause your premiums to go up.
This is because insurance companies often raise rates after they have to pay out on a claim.
So, while it may be tempting to file an insurance claim if you have a pre-existing condition, there are a few things you should keep in mind first.
3. When it’s a cosmetic procedure
When it comes to insurance, there are a lot of things that are covered and a lot of things that are not.
And while some people might think that they can get away with claiming on their insurance for things like cosmetic surgery, the truth is that it’s not always a good idea. Here’s why.
First of all, most insurance policies have a pretty strict definition of what is and is not covered.
And while some procedures might be considered “cosmetic” by some people, they might not actually be covered by your particular policy.
So before you go ahead and schedule that surgery, be sure to check with your insurance company to see if it’s actually covered.
Second, even if your insurance does cover the procedure, it might not cover the entire cost.
In many cases, you’ll be responsible for paying a portion of the bill, and that can end up being a lot of money.
Third, even if your insurance covers the procedure and you don’t have to pay anything out of pocket, there’s a good chance that your rates will go up.
Insurance companies view cosmetic surgery as a risky procedure, and they’re likely to charge you more for your coverage after you’ve had it done.
So, while you might be tempted to get that cosmetic procedure covered by your insurance, it’s probably not the best idea.
You’ll likely end up paying more in the long run, and there’s a good chance that your insurance company won’t even cover the entire cost.
It’s best to just pay for it yourself and avoid the hassle.
4. If you’re drunk or high
If you‘re drunk or high, you shouldn‘t claim on your insurance.
It’s simple really: your judgment is impaired, and you‘re more likely to make mistakes that could end up costing you (or your insurer) a lot of money.
There are plenty of other reasons not to drink and drive, but this is just one more to add to the list.
So next time you‘re out celebrating, make sure you have a designated driver – or better yet, just stay sober and avoid the whole issue altogether.
5. If it’s a natural disaster
If you live in an area that’s prone to natural disasters, you might be tempted to file an insurance claim whenever one hit.
But that’s not always the best idea.
For one thing, insurance companies often raise rates after natural disasters, so you could end up paying more in the long run.
And if you file too many claims, you could be in danger of having your policy canceled.
So what should you do if a natural disaster strikes? The best course of action is usually to wait and see how much damage has been done.
If it’s minor, you can probably fix it yourself.
And if it’s major, you can always file a claim later.
Of course, every situation is different.
So if you’re not sure what to do, it’s always best to consult with your insurance agent.
They’ll be able to give you the best advice for your specific situation.