How to Settle With Insurance
- 1). Gather as much information about the accident or (or whatever event it is) as you can. If you were involved in an auto accident, get the names, addresses and insurance information of the other drivers, and statements from any witnesses. If you sustain a loss or theft at your home, document exactly what was stolen or damaged while the incident is still fresh in your mind.
- 2). Call your insurance company as soon as possible to report the accident or loss. You can call the toll-free number on your insurance card or in your insurance policy. If you have online access to your account, you can start the claim-filing process online. No matter how you file the claim, note the claim reference number. You need this information to follow up on your claim.
- 3). Review the offer made by the insurance company and compare it with the costs to repair or replace your lost property. If the claim settlement offer does not pay for those replacement costs, negotiate a better offer with the insurance company by providing documentation to support your claim.
- 4). Contact your insurance claim adjuster to review the status of your claim and finalize your settlement. Keep copies of all paperwork related to the accident claim.
