How to Save With Insurance Claims

Insurance expert Bob Rusbuldt offers advice on when to file a claim.
2:47 | 04/02/15

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Transcript for How to Save With Insurance Claims
And we're back now with a "Gma" investigation into insurance claims. After this tough winter a record number of claims are expected in the hardest hit areas so we took a look at when it pays to file a claim and when it may not. ABC's Mara schiavocampo has the details on how you might be able to save some big bucks. Reporter: Insurance, we see the commercials all the time from allstate's mayhem to state farm's jingle. Like a good neighbor state farm is there. Reporter: Insurance is the best way to help you bounce back from life's unwanted surprises like medical problems, car accidents and emergency home repairs. But filing a claim can be confusing. To many Americans insurance policies are like Reading Greek. Reporter: And how do you know when you should and should not file a claim? Insurance expert bob Rusboldt breaking it down for "Gma investigates." First, when to file. He says always file a claim when you damage someone else's property. You may think you have a little minor incident and three weeks later you're sued for whiplash. Reporter: That's exactly what George brown says happened to him. He says he got foo a fender bender, decided thought to file a claim and was later sued for $125,000. Did not think that they would sue me for damages because there was no way that anyone was injured. You have to file a claim to protect yourself because of litigation. Reporter: Next, he says report any issue that could result in continuing damage. What's the benefit of filing early. Even if you think it's a minor thing now it could be much larger than you imagine. Reporter: Now when it's better not to file. If it's the same incident over and over, father of two rob burger says his two teens got in multiple minor car accidents but thankfully didn't involve other cars and he did not file any claims. I was concerned that if we submitted every single fender bender as a claim it would eventually negatively affect our premiums. Experts say he's absolutely right. Sometimes insurance companies will nonrenew you if you file so many claims where they're losing money. Reporter: Don't file if the accident cost is close to your deductible. Just pay out of pocket. If you have a $500 deductible and your insurance policy and the claim is for $535, you may get the $35 now and you may get $120 increase in your premium. Reporter: But if disaster does strike reclaiming stability and safeguarding your life is key. Nobody wants to use insurance. But it is critical that you have it. Reporter: For "Good morning America," Mara schiavocampo, ABC news, New York. Thanks to Mara for that. Get more money saving insurance tips on goodmorningamerica.com on Yahoo! We'll be right back with Tory.

This transcript has been automatically generated and may not be 100% accurate.

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