What should I do if I have an accident or loss?
- Immediately report accidents to the proper authorities.
- Call for medical attention, if necessary. For serious damages that result in you leaving your home or business, please contact the proper authorities immediately.
- Obey laws and cooperate with the police, but do not discuss the accident/loss with anyone else.
- Write down information from the people involved the accident/loss (names, addresses, license numbers, contact information, witness names, contact information, and other party's insurance information. Please note: in some areas police officers may restrict contact between the parties.)
- Contact utility companies where gas or power services are affected.
What happens after I report my claim?
Your loss will be assigned to a claim representative who will contact you to explain the claim process, discuss the facts and answer your questions.Q.
I need to rent a vehicle while my car is being repaired. Do I need to purchase the additional insurance coverage from the rental car company?
Your insurance policy will provide the broadest coverage available for a rental vehicle you are driving as a result of your personal vehicle being out of service. If you do not have collision or comprehensive coverage on any vehicle on your policy, then your policy will not provide that coverage for the rental vehicle. Please be aware there are damages that may occur to the rental vehicle which might not be covered under your policy, such as loss of value, loss of ability to rent the vehicle, and administrative costs that might be charged by the rental company. Depending on your own personal financial situation, you may wish to purchase the damage waiver offered by the rental company to avoid or limit these expenses. The additional cost of the damage waiver coverage from the rental agency is typically not reimbursed through your automobile insurance policy. Be sure to ask your claim representative about coverage available to you under your policy.Q.
I believe my vehicle is not repairable. How does Indiana Farmers determine the value of my vehicle?
We utilize several different sources of vehicle data, including automobile appraisers, Internet sources and vehicle value databases to determine the fair market value of your vehicle prior to the loss.Q.
What if additional damages are found during the repair/restoration process?
If additional damages are discovered, please contact your claim rep as soon as possible before the additional work begins.Q.
What if my contractor's estimate is higher than my insurance estimate?
If there's a difference between Indiana Farmers' estimate and your contractor's estimate, please contact your claim rep. The claim rep will work to reach an agreed price with your contractor based on the damage to your property.Q.
What is a Deductible?
In an insurance policy, the deductible is the amount of expenses that must be paid out of pocket before an insurer will pay any expenses. In most circumstances we subtract the deductible from your initial settlement payment and then you pay your deductible to the contractor.Q.
What is Depreciation and Actual Cash Value?
Depreciation is the value an item loses over time based on its age and/or condition. Actual cash value is the cost of replacing or repairing damaged property less depreciation.Q.
What is Replacement Cost?
This is the cost to repair or replace the damaged property with new materials of like kind and quality.Q.
If you have replacement cost and suffer a loss, the initial payment you receive may be for actual cash value. You may be able to recoup the depreciation if you make your claim within 180 days of the date of loss and send documentation that repairs have been completed or it has been replaced.
To document that repairs or replacement have been completed, please send your claim representative your certificate of completion or final repair bill or purchase receipts.
Why is my mortgage company named on the claim payment?
If you have a mortgage or loan on your property, the mortgage company or lender is legally required to be listed on your insurance policy, and because of this the lender may be named on your settlement payment. If the mortgage company or lender named on your payment is incorrect, please contact your claim representative. To obtain the mortgage company's endorsement, please contact the mortgage company directly.