How does the insurance company handle prior damage when processing a new claim?
The insurance policy does not cover damage that occurred prior to the effective date of your policy. Your insurance policy provides coverage based on an occurrence that takes place while the policy is in force. Therefore, each different occurrence is handled separately. For example, if your bumper was previously damaged before the accident, the company will deduct the cost of the bumper from your current claim settlement. In the event of a total loss, the insurance company will deduct any unrepaired damage left from a previous occurrence.
The insurance company does not owe for damage that occurred prior to the effective date of your policy. Your insurance policy provides coverage based on an occurrence that takes place while the policy is in force. Therefore, each different occurrence is handled separately. For example, if you have hail damage from a prior occurrence, the company will deduct the cost of the prior damage from your current claim settlement.
Related Questions
- Can my insurance company increase my homeowners insurance premium because I filed a claim for hurricane damage?
- Can my insurance company increase my homeowners insurance premium because I filed a claim for hurricane damage?
- How does the insurance company handle prior damage when processing a new claim?
