What Happens if I Don’t Have Home Insurance?

In an effort to save money, many homeowners make the mistake of dropping their homeowner’s insurance.  While this may save them a few hundred dollars in the short term, however, it can have disastrous consequences down the road.

During their lifetimes, over half of all homeowner swill have to file a major claim against their insurance company.  Typically, these claims are the result of a disaster such as a hurricane or earthquake, or an accident.  No matter the reason, however, people are typically surprised to see how much damage can be done by just a single incident.

All too often, people assume that in the event of a disaster, they would be able to pay for the damage themselves or rely on a combination of government and charities for assistance.  In fact, only a small fraction of natural disasters qualify for this type of aid, and household accidents rarely do.  Discovering this after a home has been seriously damaged or destroyed, however, often results in the property owner taking on large amounts of debt in order to repair and restore what he or she had.

It’s always a good idea to protect your property and your family from events that could result in the loss of everything you’ve worked for.  Fortunately, there are a lot of options in homeowner’s insurance, practically guaranteeing that you’ll find something that will fit into your budget.

If you’re thinking about getting a new homeowner’’s insurance policy, or if you just need to change your current one to fit into your budget, then call the insurance agents at Saucon Insurance Agency.  They can help you find the coverage that is right for you.

Recognizing and Understanding Accident Fraud

In a perfect world accident fraud would not be an issue. Those that were involved in accidents would be truthful and provide accurate information that detailed the accident. There would also be far fewer people staging accidents in an attempt to siphon money the insurance policies of other drivers. The best way to avoid this type of fraud is to first understand what insurance fraud is and how to recognize it.

There are a few different factors that will help you point out accident fraud. The first is those drivers that claim injuries that are far more serious than the accident that occurred could have caused. This could be things like severe whiplash, not being able to walk, serious injury that requires large amounts of pain medication, and other similar injuries. Luckily, most insurance companies will not pay out on claims without medical record of the injuries but if you are involved in a fender bender and the other party immediately starts acting injured, you may be part of a fraud in progress.

Another indicator is that you have no real idea how the accident happened. A good example of this is if you are driving and all of a sudden you have rear ended the car in front of you without any real indication of how it happened. Drivers that take part in fraud generally target inattentive drivers or those that are looking down or away from the road. They also tend to target those drivers that are driving cars nicer than their own.

The last indicator you want to look for are those drivers that are involved in an accident with you but are reluctant to pass out their own insurance information. With any accident your insurance company like the Saucon Insurance Agency will walk you through the claims process and help you sniff out fraud.