Insurance Claims A Guide to Filing
/ By Charlene Echerivel / Commercial Insurance • Disaster Coverage • Home Insurance • Personal Insurance • Vehicle Insurance/ / 0 Comments

Navigating the Path to Successful Insurance Claims: A Guide to Filing with Confidence

Insurance Claims A Guide to Filing

As a Dave Ramsey trusted provider, Intelli Choice Insurance is committed to providing valuable, expert advice to our customers. Today, we'll walk you through the process of filing an insurance claim, whether you're dealing with homeowners or auto insurance, and events such as floods or auto accidents. We'll cover everything from gathering the necessary information to receiving your payout.

Be Prepared: Gather and Store Important Information

Before an emergency strikes, it's important to have all the necessary information ready. Here's a checklist of what you should gather and store:

Insurance policy numbers and documents
Insurance company contact information
Emergency contacts (e.g., medical, legal, or financial professionals)
Digital copies of essential documents (e.g., birth certificates, property deeds, or vehicle titles)

Keep both physical and digital copies of these documents in a secure place, such as a fireproof safe or encrypted cloud storage.

Important information for insurance claims

Initiating the Claim Process: Where to Start

When you need to file a claim, your first step should be contacting your insurance agent or carrier. They will guide you through the process and help determine the type of claim you need to file.
If you're dealing with a natural disaster or widespread event, be prepared for higher call volumes and potential wait times. In this case, it might be helpful to review your policy documents and prepare any necessary information in advance.

Timing Matters: When to File a Claim

Most insurance policies require you to file a claim as soon as reasonably possible after an incident. Delaying the claim process could result in the denial of coverage or reduced payouts.
Keep in mind that each state has specific deadlines for filing insurance claims, which may vary depending on the type of coverage and event. Consult with your insurance agent or carrier for guidance on filing deadlines.

When to File a Claim

The Essentials: What Information You'll Need

To ensure a smooth claims process, gather the following information:

Your policy number and insurance information
A detailed description of the incident, including date, time, and location
Photos or videos of the damage, if applicable
Witness statements, if available
Repair estimates, if applicable
Police or incident reports, if applicable

Receiving Your Payout: How Soon Will You Get Paid?

The timeline for receiving your insurance payout varies depending on the type of claim, your insurer, and the complexity of the incident. Most insurance companies aim to resolve claims promptly, often within 30 days of filing.
In some cases, such as natural disasters or widespread events, the claims process may take longer due to the volume of claims being processed. Stay in touch with your insurance agent or carrier for updates on the status of your claim.

How Soon Will You Get Paid from an Insurance Claim

By following these guidelines and partnering with a trusted insurance provider like Intelli Choice Insurance, you can confidently navigate the insurance claim process. No matter what life throws your way, rest assured that we're here to help protect your most valuable assets.
Don't hesitate to contact us today for assistance with the claim process. Our team of knowledgeable experts is ready to support you every step of the way.

Reasons to buy life insurance
/ By Brandon Barnes / Life Insurance • Personal Insurance/ 0 Comments

Things You Need to Know If You Don’t Have Life Insurance

Things you need to know if you don't have insurance

Everything associated with your death becomes harder without life insurance.  While policies come in different sizes with their own particularities and specialties, the primary purpose of life insurance is to increase the financial stability of your survivors.  Your loved ones will be facing many issues should you die unexpectedly including: worrying about paying final expenses, paying taxes and debts, and maintaining their standard of living. The right life insurance alleviates all three issues at a time when your family is already dealing with significant upheaval.

One of the most significant reasons to buy life insurance is to cover funeral or burial costs.  If you don’t have life insurance, these costs will be left to your loved ones.  The average funeral costs around $9.000.  If you collect Social Security, your family can only expect a payment of around $250.  A paltry sum in comparison. Additionally, workplace policies - if you are lucky enough to have one - are usually not enough.  Employer-offered life insurance is typically for a small sum or an amount equivalent to one year’s salary.  To have the funeral your family deserves and take the stress out of paying for it, it is important to invest in a life insurance policy.

Reasons to buy life insurance

Another factor to consider when thinking about life insurance is the burden of taxes and debt.  If you die without insurance leaving unpaid taxes and debt, the expenses may go to the estate.  This can prevent your surviving family from getting any financial benefit from your estate.  Life insurance helps ensure that your family receives your estate.

An additional benefit of a life insurance policy is to protect against loss of income, especially if you are the primary earner in your household or are a dual-income household.  Life insurance gives your loved one’s time to properly grieve and plan before making any other major life decisions.  The last thing they need to be worrying about in that moment is whether to sell the house.  Indeed, depending on the size of the policy, the payout may serve this purpose for a long time.

when to get life insurance

Though many people start thinking about life insurance when they start having families, life insurance is important at all stages of life. Don’t fall into the trap of believing that if you don’t have a spouse or dependents, you don’t need life insurance.  Purchasing life insurance when you are young and healthy is significantly cheaper and is one thing you can do now to protect your family’s future.

Intelli Choice offers of full range of insurance policies from a variety of carriers. Call Intelli Choice to discuss your life insurance needs and protect your families’ future from the burdens of covering your final expenses, debts and taxes, and loss of income if the unthinkable happens.

Common Holiday Insurance Claims
/ By Charlene Echerivel / General • Home Insurance • Personal Insurance/ / 0 Comments

Common Holiday Insurance Claims

Common Holiday Insurance Claims

As an insurance agent, I have seen many holiday insurance claims over the years. While going on holiday is supposed to be a time of relaxation and enjoyment, accidents and incidents can happen, and it's important to have the right insurance coverage to protect yourself and your belongings. Here are some of the most common holiday insurance claims that I have come across:

Medical Emergencies

This is by far the most common holiday insurance claim. Medical emergencies can happen anytime, anywhere, and can be costly without the right coverage. Travel insurance typically covers medical expenses, including doctor visits, hospital stays, and emergency transportation, so it's important to make sure you have adequate coverage before you travel.

Travel Insurance for Medical Emergencies

Trip Cancellation

Sometimes unforeseen circumstances may arise that can cause you to cancel your holiday plans. This could be due to a family emergency, illness, or other unexpected events. Trip cancellation coverage can help you recoup your expenses if you need to cancel your trip due to a covered reason.

Lost or Stolen Luggage

Another common claim is lost or stolen luggage. This can be a frustrating experience, especially if you lose valuable items. Most travel insurance policies provide coverage for lost or stolen luggage, which can help you replace your belongings.

Travel Insurance for Lost or Stolen Luggage

Flight Delays and Cancellations

Flight delays and cancellations can cause a lot of stress and inconvenience, especially if you have connecting flights or important events to attend. With travel insurance, you can get compensation for additional expenses, such as meals and accommodation, if your flight is delayed or canceled.

Rental Car Accidents

If you plan to rent a car during your holiday, it's important to have insurance coverage. Rental car accidents can be costly, and without insurance, you may be responsible for paying for damages out of pocket.

Rental Car Accidents

In conclusion, holiday insurance is an essential investment for any traveler. While you can't always prevent accidents or incidents from happening, you can protect yourself and your belongings with the right coverage. By understanding the most common holiday insurance claims and ensuring you have adequate coverage, you can enjoy your holiday with peace of mind.

Wealth Planning_ Where to Start
/ By Charlene Echerivel / Dave Ramsey • Life Insurance • Personal Insurance/ / 0 Comments

Wealth Planning

Wealth Planning_ Where to Start

Wealth planning is a crucial aspect of securing your financial future. It involves taking a proactive approach to managing your finances to build and protect your wealth. By developing a comprehensive wealth plan, you can achieve your financial goals and protect your assets for future generations.

Set Clear, Realistic Goals

The first step in wealth planning is to set clear and realistic financial goals. These goals can include anything from saving for retirement to purchasing a home or starting a business. Once you have established your goals, it is important to create a plan to achieve them. This plan should include a detailed budget, a savings and investment strategy, and an estate plan.

realistic financial goals

Stick to a Budget

A budget is essential to wealth planning as it helps you understand your current financial situation and identify areas where you can cut back on spending. A savings and investment strategy is equally important as it helps you grow your wealth over time. This strategy should take into account your risk tolerance, time horizon, and financial goals. An estate plan is also crucial as it ensures that your assets are distributed according to your wishes and that your loved ones are protected in the event of your death.

Update Your Plans with Life Changes

In addition to creating a wealth plan, it is important to regularly review and update it as your financial situation changes. Life events such as marriage, the birth of a child, or a career change can have a significant impact on your finances. By staying up-to-date with your wealth plan, you can adjust your strategy to ensure that you are on track to achieving your goals.

Stay Up-to-Date

Work with a Financial Advisor

Working with a financial advisor can be incredibly beneficial when it comes to wealth planning. An advisor can provide guidance and support as you navigate the complexities of managing your finances. They can also help you identify potential risks and develop strategies to mitigate them.

In conclusion, wealth planning is an essential part of securing your financial future. Call one of our agents today to find out how your insurance coverage can help - or hurt - your future plans.

Surprising Things Insurance Will Not Cover
/ By Charlene Echerivel / Commercial Insurance • Disaster Coverage • Home Insurance • Life Insurance • Personal Insurance • Vehicle Insurance/ • • / 0 Comments

Surprising Things Insurance Will Not Cover

Surprising Things Insurance Will Not Cover

Insurance is a type of contract that provides financial protection to the policyholder against future uncertainties. It is designed to help individuals and businesses manage risks and minimize potential financial losses. However, there are some surprising things that insurance may not cover, which individuals should be aware of to avoid being caught off guard.

Intentional Acts

One of the surprising things that insurance may not cover is intentional acts. Insurance policies typically cover accidental damage or loss, but they do not cover intentional acts. For instance, if you deliberately damage your own property or cause harm to another person or their property, your insurance policy may not provide coverage.

Intentional Acts are not covered by insurance

Natural Disasters

Another thing that insurance may not cover is certain types of natural disasters. While most insurance policies cover natural disasters like hurricanes, earthquakes, and floods, there are some events that may not be covered. For instance, some policies do not cover damage caused by landslides, sinkholes, or volcanic eruptions.

Pests or Insects

Insurance may also not cover damages caused by pests or insects. If your home is infested with termites or rodents, your insurance policy may not cover the damage caused by these pests. This is because insurance policies typically do not cover damages caused by wear and tear or neglect.

pests or insects are not covered by insurance

Cybercrime

Additionally, insurance may not cover damages caused by cybercrime. If your personal or business information is stolen or hacked, your insurance policy may not cover the resulting financial losses. While some insurance companies offer cyber insurance policies, they may not cover all types of cybercrime.

Damage Caused by Recreational Vehicles

Lastly, insurance may not cover damages caused by certain types of vehicles. If you own a recreational vehicle or a high-performance sports car, your insurance policy may not cover damages caused by these vehicles. This is because these vehicles are considered high-risk and may require additional coverage.

In conclusion, insurance is an essential tool to manage risks and protect against financial losses. However, it is important to understand what insurance policies cover and what they do not. Knowing what insurance may not cover can help individuals and businesses make informed decisions about their insurance needs and take appropriate measures to minimize potential financial losses.

3 Surprising Things Insurance Can Cover
/ By Charlene Echerivel / Commercial Insurance • Disaster Coverage • Personal Insurance/ / 0 Comments

3 Surprising Things Insurance Can Cover

3 Surprising Things Insurance Can Cover

The Unusual Trio: 3 Surprising Things Insurance Can Cover

When it comes to insurance, many people think about the standard types such as life, auto, and health. However, insurance policies can cover a wide array of unique and unexpected situations.

Here are three surprising things that some insurance policies cover, which showcase the versatility of the industry and might inspire you to look more closely at your insurance options.

Alien Abduction Insurance

Believe it or not, some insurers offer coverage for alien abductions. This unusual policy was first introduced in the 1980s and has gained traction over the years, primarily as a novelty item. Policyholders who can provide proof of their extraterrestrial experience, such as an implant or eyewitness accounts, may receive compensation. While the likelihood of needing this type of coverage is extremely low, it highlights the creativity and variety in the insurance market.

Alien Abduction Insurance Coverage

Food Spoilage Coverage

No one likes to see their groceries go to waste, but did you know that some insurance policies will cover the cost of spoiled food? In cases where a power outage or appliance failure leads to food spoilage, specific home insurance policies may cover the costs of the lost groceries. This unique coverage is a prime example of the many additional benefits that can be found in various insurance policies, beyond the standard protections.

Volcanic Eruption Coverage

While most people don't live near an active volcano, those who do may find themselves with the unique option of volcanic eruption coverage. This specific coverage can protect against damages caused by lava flows, ash, and other volcanic hazards. While it's a highly specialized form of coverage, it demonstrates the importance of tailoring insurance policies to address unique risks in specific geographic locations.

Volcanic Eruption Coverage

Unconventional Insurance Coverage Options: Protecting Against the Unexpected with Intelli Choice Insurance

These examples of surprising coverage options highlight the diversity of the insurance industry and emphasize the need for potential policyholders to fully explore their options. As a Dave Ramsey Trusted Provider, Intelli Choice Insurance is committed to helping customers find the best rates and coverage for their unique situations.

Contact us today to discover the perfect insurance policy for your needs, whether you're looking for protection against alien abductions, spoiled groceries, or something more conventional. Visit our website  and explore our blog for more helpful tips and information.

Cheap Car Insurance in Cincinnati, OH
/ By Brandon Barnes / Commercial Insurance • General • Home Insurance • Personal Insurance/ / 0 Comments

Independent Insurance Agent

Independent Insurance Agent
Not all insurance agents are the same! Choosing the right one can make a big difference – in price, service, and value.
With other agencies, you get one company that sells one brand of insurance. With an independent insurance agency like Intelli Choice Insurance you get choices.
Why? Because independent insurance agencies, like Intelli Choice Insurance, represent a number of different insurance companies, and can compare coverage and prices to find the best possible value for your individual circumstances. As independent insurance agents, we are members of the Northern Kentucky & Cincinnati community, and we’re committed to doing business face-to-face and being your advocate in times of need.
Here are a few reasons why Intelli Choice Insurance should be your first and last stop when looking for insurance:
  1. We work for you when you have a claim.
  2. We are not beholden to any one company. This means you don’t have to change agencies as your insurance and service needs change.
  3. We are your consultants, working with you as you determine your needs.
  4. We are value-hunters who look after your pocketbook in finding the best combination of price, coverage, and service.
  5. We offer one-stop shopping for a full range of products, including home, renters, auto, business, life, and more.
  6. We can periodically review your coverage to keep up with your changing insurance needs.
  7. We are committed to customer satisfaction – it’s the key to our livelihood.
  8. We treat you like a person, not a number.
  9. We are licensed professionals with strong customer and community ties.
There is a difference. To find out how our independent insurance agency can help you find the right insurance coverage, contact us today.
Will My Homeowner's Insurance Cover My Claim
/ By Brandon Barnes / Home Insurance • Personal Insurance/ / 0 Comments

Will my homeowner’s insurance cover my claim?

Will My Homeowner's Insurance Cover My Claim
The cost to rebuild your home is its replacement value. This can be very different from the estimated market value or actual purchase price. In most cases, it costs more to rebuild the home you own than to buy a new one.

 

How much home insurance is enough?

Intelli Choice Insurance understands the Northern Kentucky & Cincinnati home insurance needs of our customers. We’ll work with you to estimate the replacement cost for your home and to adjust your policy limits from time to time as needed.
It is critical that you provide us with accurate, updated information about your home and contents. If your dwelling limit accurately reflects your home’s true replacement cost, some companies will pay more than the limit if a covered loss is greater than the limit on your policy.
Once a review of your home and possessions indicates you are properly insured, it’s a good idea to reexamine your coverages and limits from time to time, especially whenever you make additions or improvements. Intelli Choice Insurance can help you re-evaluate your Northern Kentucky & Cincinnati home insurance needs. Just call and speak with one of our agents.

 

 

Be Sure You Have Enough Home Insurance Coverage

Here are some steps you can take to reduce the danger of being seriously underinsured:
  1. Call Intelli Choice Insurance - If you have questions or concerns about the limits in your policy, ask us to show you how those amounts were calculated. This will also give you an opportunity to make us aware of any overlooked information.
  2. Read your policy - Certain property, such as jewelry, and certain perils, such as earthquake or flood, is better insured separately. Knowing what is covered and for how much will help you insure properly. If there is anything in your policy you don’t understand, contact us and ask for an explanation.
  3. Review - At each annual renewal of your policy, you receive a new Policy Declarations page showing limits of coverage and optional coverages. Review this information. If you do any significant remodeling or add a family room, extra bedroom or bathroom, etc., tell us about these changes so your coverage limits can be adjusted to cover the improvement.
  4. Consider carefully whether your policy provides all the protection you need.
  5. Does it provide coverage for extra costs resulting from building code changes?
  6. Does it automatically increase coverage limits annually to keep pace with inflation?
  7. Does it provide additional funds if the cost of rebuilding your home exceeds the policy limits?
Make sure you know:
  1. Will your insurance company stand behind agreed upon repairs after a claim? Some companies are willing to put this guarantee in writing.
  2. Does your policy include replacement cost coverage for contents (clothing, furniture, appliances, and other personal property inside your home)? If not, you can add it by endorsement. The cost is small, but the protection valuable. Replacement Cost Coverage pays for losses to your possessions at the cost of brand new items. Without this option, a covered loss to your personal possessions would be depreciated by their age and condition, reducing the size of your claim settlement.
If you have an art collection, antique furniture, jewelry, or other valuable possessions, ask Intelli Choice Insurance about supplemental coverages, such as fine arts or scheduled property endorsements, to adequately protect your investment in these items. The cost is modest for the extra protection, and often the deductible is waived.
Consider whether you should have more coverage for personal property (contents) than your policy provides. Personal property coverage is usually 70% of the coverage limit for the structure. Your limit may be lower than 70%. Supplemental protection is available for a small additional premium.

 

Inventory your home
Prepare an inventory of personal property items , update it periodically, and keep it in a safe place outside your home, such as a safe deposit box at your bank. It will save you hours of time trying to list everything damaged or destroyed if you need to make a claim. It will also help ensure you don’t forget some items. We can advise you on ways to simplify the job of preparing a personal property inventory such as videotaping each room with descriptive information on the sound track.

 

Personal Liability
Besides making sure you have enough protection to cover possible damage to your own home and contents, you should also evaluate your exposure to liability risks. These result from damage to the property of another, or injury to a person, not a member of your household, for which you can be responsible.
In recent years it’s become common for homeowners to be sued for injuries or damages to others, even when there is no evidence of negligence by the homeowner. The reality today is if you have any appreciable assets, you are exposed to the risk of being sued. Even if you ultimately prevail in court, your legal fees and the months or years of worry and uncertainty can be a terrible burden on you and your family.
The Personal Liability coverage provided by your Homeowners Policy usually provides a limit of $100,000 or $300,000. We recommend increasing this protection with a personal umbrella policy. Not only will it increase your personal liability, but also your auto liability. Limits are available from $1 million to $10 million and beyond. The cost of this coverage is usually very reasonable.
Keep in mind that Kentucky requires certain minimum levels of coverage. The right coverage for you is unique – talk to Intelli Choice Insurance today to find out how to get the best price and value on home insurance for you.