Over $17.9M Returned or Located in 2018 for Consumers Through TDCI’s Efforts
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- Insurance Division Works with Consumers to Answer Questions, Mediate on their Behalf
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The
Over
Additionally,
"I'm proud of the efforts this year by our Insurance Division to help deserving consumers get the benefits of their insurance coverages," said TDCI Commissioner and NAIC Past President
In addition to the Department's mediation and recovery efforts, the Insurance Division levied over
TDCI encourages consumers to contact the Department if they feel they have been unjustly denied a claim, if they have experienced unlicensed or unlawful activity, or even if they have a question or concern about their insurance policies.
Consumers are urged to remember the following tips when working with insurance companies:
Do your homework before purchasing any line of insurance.
Read the policies so you'll know and understand the provisions before filing a claim.
Verify that the company and the agent selling a policy are licensed in
Look up complaint data to see how the company is responding to consumer issues.
Homeowners should always keep pictures and/or receipts for all contents on your property and may wish to store these records digitally or otherwise away from the home. (Most fire losses leave nothing.) Digital tools such as MyHome Scr.APP.book lets you quickly capture images and descriptions of your belongings to help you determine how much insurance you need and for filing a claim.
For auto policies, know your coverage limits and what is required by state law. The WreckCheck app guides you through the steps to take following an auto accident.
For health policies, make sure your doctor and/or healthcare facility is participating in the network of your insurance carrier. Additionally, ensure the laboratories and testing centers used by your healthcare provider are in-network.
For life insurance policies, depending upon age and health status, you may or may not be eligible for certain products. If you need assistance purchasing a life insurance policy, contact a licensed agent to help you decide what coverage options best suit your personal needs.
If you have questions about insurance, we can help. Visit our website or contact us at 1-800-342-4029 or (615) 741-2218.
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