How do I file a claim?
Insurance is intended to cover most risks when transferring them to an insurer that will be responsible for guaranteeing or compensating all or part of the damage caused by the appearance of certain accidental situations.
An insurance is an effective way for coverage that involves paying a certain amount of money for a benefit or future compensation in case an adverse situation arises, which in some cases, may be extreme.
Insurances are offered by companies. Insurance companies are companies which job consist in selling insurance policies. They usually provide their services to institutions or individuals.
One of its main functions is to offer protection against unforeseen circumstances that could represent a significant monetary loss for the insured.
When a problem arises that puts the insured or his assets at risk, the company offers the insured an amount of money previously fixed in case of damage or loss of property or good.
If the requirements demanded by the company are met, the money previously set will be paid to the insured in the way that both parties agreed. However, when it comes to paying the money owed to the insured, some companies have higher requirements than others.
Farmers Insurance Group is a 400-billion-dollar company serving in America since 1928. They are one of the largest Insurances companies in the country.
Farmers Insurances cover claims from vehicles to homes, small businesses and many financial services as well. However, despite offering to cover losses when the unexpected happens, the company has become famous for finding ways to make difficult for its insured to collect a claim.
A claim is a legal demand or assertion executed by a claimant in order to obtain some kind of compensation, payment, or reimbursement for a loss, injury due to negligence or damage under a contract with an insurance company.
It should be noted that, under a contract, a claim becomes a right, providing the claimer the possibility to demand for a relief. However, some companies intend not to fulfil a signed contract and, under not always clear circumstances, they attempt to ignore rightfully claims when possible, as they grow larger.
In this sense, Farmers Insurance Group has become the third-largest insurance company in the United States. Millions of people contract Insurance policies from Farmers Insurance every year.
Farmers insurance earns billions of dollars in revenue each year. Nevertheless, most of their success is said to come from their limiting claims agreements.
In order to obtain a payout from Farmers Insurance, a litigation is needed. When in need to file a claim with Farmers Insurance, you should contact MolinaRangel to discuss the event and any possible injury the insured might present.
Before filing a claim with Farmers Insurance, you must contact MolinaRangel in order to:
Make sure to have possession of all required documents
Depending on the type of insurance, different type of documentation will be required when contacting Farmers Insurance. in some cases, it is necessary to request certain procedures before making the claim. Keep in mind that Farmers Insurance might require for certificates, receipts, vouchers or reports even when not needed.
In case you cannot present these documents directly, it is possible to delegate these procedures to a third party through a simple attorney service.
Each policy determines the procedure to follow to report an accident. Conditions and deadlines that must be respected are clearly stated. It is also essential to present a settlement report as soon as possible.
If the policy was brokered by an insurance broker, it is very important to contact the insurance broker to be of assistance during the whole process.
The management of the event will be handled by the insurance company or an external company (in case there is opposition for it to be the same company). The party assuming the responsibility will have three (03) business days to contact the insured (from the day the complaint is the complaint) in order to communicate who will be in charge.
Make the necessary arrangements and provide additional background
Either the insurance company or a hired third party, must inform the insured about the steps that must be taken and the additional background necessary to settle the claim. It is also necessary to review the needed procedure for an accident that is included in the hired insurance policy, which will indicate the actions and deadlines for submitting documentation.
Final settlement report
The insurance company or the hired third party must issue a report within the corresponding period of time according to the contracted policy. That period of time may be postponed only in justified cases; however, it must be communicated to the insured and also to the Commission for the Financial Market (CFM), which may invalidate the extension and set a new deadline for the delivery of this report.
The settlement report will be sent to both, the insured and the insurer. This document will include a technical opinion that justifies the payment or not of the compensation, as well as the amount and parameters that were used to make the determination.
Accept or reject the decision
After receiving the settlement report, both the insured and the insurance company, will have ten (10) employees to contest it if they do not agree. In case the insurance company made the report, only the insured can exercise this right.
If there is a dispute, the third party hired may respond within a period of six (6) working days. If after that period of time there is still no agreement regarding every different point on the report, the insurer must notify the final resolution of the claim in maximum period of time of five (5) business days. If accepted, the compensation payment must be made within six (6) days after the resolution is notified.
Farmers Insurance (as many insurance companies) will always attempt to wrongfully deny or limit a valid claim in order to save money. Furthermore, they will save money by using a software to evaluate injury claims.
Using a software to evaluate claims will generate failed claims and reduced payments. In addition, it is to be noted that Farmers Insurance has faced countless lawsuits for avoiding to fulfill what they promised to do, cover the insured in times of need.
Farmers Insurance has even faced government sanctions for refusing to pay valid claims to insured.
For this reason, tt is not only wrong but irresponsible to assume that Farmers Insurance will provide the insured with a fair offer according to the insurance policy.
Making a claim does not guarantee Farmers Insure will fulfil what they stated they would. MolinaRangel understand how Farmers Insurance operate.
MolinaRangel will always know how to prove true your claims to increase the amount of settlement received.
Before presenting a claim, consult MolinaRangel to inform yourself about how to deal with Farmers Insurance.
You should always remember that insurance companies, like Farmers Insurance, often have policies to reject a valid claim, reduce payouts when possible and increase their profit. To beat Farmers Insurance in their own game, you must contact MolinaRangel.
MolinaRangel will assist and guide you through the whole process of dealing with an insurance company. Let MolinaRangel protect your rights. Call MolinaRangel today.