Leah Kelvin
Active member
For policyholders to effectively navigate the procedure and maximize their benefits after an incident or loss, understanding insurance claims is important. The procedural guide includes timely reporting of the incident to the insurer, checking the policy for coverage and requirements, capturing images or videos of damaged assets, submitting a claim with accurate information and supporting documents, cooperating in case there is any investigation by the company, and letting the insurer evaluate whether or not it falls within the covered risks. Policyholders can ensure a seamless claims process that will increase their chances of receiving their entitled benefits under their policies by following these steps. To have a desirable result at hand during claims processes it is important to be proactive, orderly, transparent.
The insurance company will assess your claim and offer an amount as settlement which you can negotiate if you believe it’s not enough. If you accept, sign relevant papers then receive payment. Disputes can be resolved through arbitration or mediation or court process. Keep record and do follow up with the insurance company to see that they are processing your claim in time.
The insurance company will assess your claim and offer an amount as settlement which you can negotiate if you believe it’s not enough. If you accept, sign relevant papers then receive payment. Disputes can be resolved through arbitration or mediation or court process. Keep record and do follow up with the insurance company to see that they are processing your claim in time.
