8 Top Reasons Why Your Car Insurance Claim Is Being Denied

As a car owner, you should never let your auto insurance provider deny your claim without putting up a fight. Pennsylvania auto insurance companies may deny you for a variety of reasons. It is important to know the top reasons as to why your car insurance claim is being denied so you have a better chance of fighting for the claim.

On the flip side, it is also a good idea to know these reasons so you have a guideline to work with in the future on what to realistically expect when you are filing for a car insurance claim with an auto insurance provider.

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  1. Due to your negligence

If the accident that you were involved in was due to your negligence, you can expect that your car insurance claim is going to be denied right off the bat. As a driver, it is your responsibility to be on the lookout for accident-prone areas and avoid those.

  1. Lack of proof of the accident

The burden of proving that the car accident happen falls entirely on you. Make sure that you have sufficient proof before you put in a claim from your auto insurance provider.

  1. Inactive policy

A common misconception regarding Pennsylvania auto insurance companies is once you sign the contract, you are always going to get coverage no matter what happened as long as it is related to your car. This isn’t the case. You have to make sure that the fixed amount of premium has been paid.

  1. Suspended license before the accident

Whether it is an oversight or by intention, driving with a suspended license will automatically get your claim denied if you were to get into a vehicular accident. Even if you were on the right and the other driver was the one being negligent, you can expect that your auto insurance provider is going to deny your claim.

  1. Not filing the claim immediately

It is important that you files your claims as soon as possible. This will also help you with remembering certain aspects of the accident because they may still be fresh on your mind. If possible, file the claim within 48 hours.

  1. Medical history

Your medical history will be checked after you file a claim. If you had a medical condition on the date of the accident which could’ve led to that accident, there is a strong chance that your claim will be denied.

  1. Lack of medical aid

If you get injured during the accident and you included that in your documents when filing for a claim, it is important that you make a note that you received medical assistance. If you didn’t receive any or you didn’t include it in your claim, your auto insurance provider may question how your injury links to the accident.

  1. Insufficient documentation

If you don’t have anything to detail out that the accident happens from your perspective, your claim will be denied. Documentation is key.

Miller Carlisle Insurance Services is among the leading Pennsylvania auto insurance companies today. Contact us and we will give you the coverage you need!

Important Things That Everyone Should Know About Credit Scores

Having a good credit score makes you eligible to get better loan interest rates. For every business and individual having a good credit score is a must if they want to be eligible for loans and other perks. Higher the credit score the more beneficial it is for you. Credit scores are usually calculated by credit report agencies. If you want to know about your credit score then you need to hire a credit report bureau. In that case, you can go for Reporting Accounts.

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Things to Know About Credit Scores:

Now let’s have a look into some of the important things that you need to know about credit scores.

  1. Credit scores and credit reports are two different things. Your credit score is calculated based on the information furnished on your credit report. Your credit report includes information about your credit accounts, debt collection, public records,and other related information.
  1. Your credit score is dependent on 5 important factors and that is your payment history, average credit age, credit utilization, inquiries and account mix.
  1. You can get your credit score and credit reports for free. You are actually legally entitled to get a free copy of your credit report every year from three of the major credit report agencies. The three main credit report agencies being the Experian, Equifax and TransUnion.
  1. With the help of your credit, you can actually spot fraud. Like for instance, if someone draws a large credit bill in your name, it will reflect on your credit report. Well, this can actually affect your credit score. However, if you can spot it then you can accordingly take action against it.
  1. Did you know that your credit score could cost you thousands over a lifetime? If you have a bad credit score then you are required to pay heavy loan interests which may include mortgages and credit card balances.
  1. Another important thing to know is that your credit score can get affected if you own a joint If you open a joint credit or loan account with your partner, the activity will be shown on both your credit reports. Therefore, you need to be selective about who you open your account with.

Well now that you know some of the important things about credit scores, you can be more careful about it from now onwards.

Preparing yourself before opening a trade

In the trading business, every trades are vital for you. Some will make you profits whereas some will make you lose some. But, those losing trades will not disappoint you. They can provide the necessary information needed for improvement. You will be experienced with the defects in your trading plans. So, it is clear that every trades are important. As so, taking preparations before opening a trade is important too. Because that will define whether you are going to win a trade or not. We are not talking about taking strategic preparations here. We are talking more about getting mentally prepared. In the following, we are going to talk about it in more details.

Acceptance for the possible loss

Before trading, you must be aware of any possible incidents that can happen to your trades. Especially you must learn that you could lose a particular trade. No matter how good your preparation is or how solid planning is, you can lose one. Because the market is unpredictable for anyone and it can go against your trade within an instant. In that case, if you can accept the possibility of losing beforehand, it would be easier for you to accept. Your brain won’t get too much shock from losing and you can move onto the next trades in the pipeline. So, think real before you execute a trade and think about the negative possibility mostly. Accept that some money can go away from your account. And try to do better next time with this same kind of mentality.

The use of advanced trading tools

Those who really want to establish their career in the currency trading industry should have a very clear knowable about their online trading platform. The new traders always think overtrading is the only way to earn huge amount of money. But in reality overtrading is one of the major cause for losing a significant portion of their investment. Regardless of your education, you must understand the advanced features of your online trading platform. The rookie traders might not understand many useful features of the platform but this is very normal. Take your time and try to focus on the simple tools. Slowly go through the smart tools and you will be able to understand all the features. If required seek help from the experts to know more about the platform. But never trade without knowing all its features.

Set a legit stop loss for safety

Even after you have had the knowledge about losing possibility, it may bother a trader at least a little bit. In this case, there is another thing that can help to satisfy yourself. That thing is called stop losses and it for every trades available in your account. You can set a targeted loss and forget about losing too much for keeping a trade open for long. But first, you must read your mind to know how much you can lose. It is like preparing a bait for the fish you want to catch. For that, you will have to think about your preferred sizes.

Accepting that return needs time

Trades do not make money very frequently, as the change in pips take time. So, your profits may also take time to come back. Even when you are waiting for the investment to come back to your account, you have to give time for it. That’s why long-term trades are better for making profits like the ‘swing trading’ method. You have to keep a trade open for about a week or so and the change in pips is really significant in this method. As a result, the possibility of making a higher profit is bigger than small time trades. ‘Position trading’ is the longest term trading method. But, you must not choose that method before growing a good confidence in your performance. So, set your decision before going for a trade.