Be smart with uninsured loss recovery

Everyone knows the importance of car insurance, but few know about uninsured loss recovery. The truth is that we all assume our policies will cover any accident we suffer on the road, but that’s not entirely accurate. Some expenses are not covered by insurance which can be problematic. That is why more look for uninsured loss recovery.

What is uninsured loss recovery?

When you are involved in a road traffic accident, you’ll likely have expenses that aren’t covered by your insurance company. These out-of-pocket expenses can include money spent hiring a car or the cost of public transport while your vehicle is repaired. It can also include loss of earnings from missed work. These costs can be a significant loss to you, regardless of the amount. Uninsured loss recovery may allow you to recoup these costs and seek further compensation for personal injury.  

How does URL work if you weren’t at fault

It’s important to understand that uninsured loss recovery may be an optional extra for policyholders. You can also choose to have a separate policy. Of course, you don’t always think about URL.

Here are a few things URL will cover:

–  Car hire expenses

–  Excess repairs (that aren’t covered by insurance)

–  Property damaged in the accident

–  Personal injury

–  Vehicle towing and storage fees

These expenses typically come out of your pocket and can cause a significant dent in your household finances.

Contact a professional URL service

When you are involved in an accident and you have out-of-pocket expenses, you should contact an uninsured loss recovery service. They can step in on your behalf and reclaim some expenses. If your insurance policy doesn’t cover certain things, the URL service could recoup your losses where possible. If nothing else, it’s worth trying so that you know you’ve done everything to reduce your losses.

Get peace of mind with uninsured loss recovery

Insurance is a murky field but can be your safety net in times of need. Unfortunately, your policy could still exclude several things that leave you out-of-pocket. Fortunately, if you have a URL policy, you should reclaim those costs. If not, you could use an uninsured loss recovery service and see what they can do on your behalf.

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