The Pitfalls To Watch Out When Lodging Insurance Claims
The only way that you can have the assurance that the insurance claim that you are lodging will be admitted by the insurer, you must ensure that you have fulfilled specific conditions. One of the ways that insurance companies are able to repudiate a claim is if it has not been filed in accordance with the laid down process. This article puts together particular pitfalls that you need to be wary of so that you do not risk the insurance provider refusing to entertain the claim that you are lodging.
A mistake that a lot of people make when it comes to filing their insurance claim is being late in reporting it to the cover provider. This is crucial considering that you still have events and evidence related to the claim having a fresh occurrence thereby ensuring that the procedure of adjusting it will be simpler. The condition of the immediate notification is an obligation contained in your contract and you can as well report it to the broker or the agent that handle your insurance matters.
You risk getting your insurance refused if you have poor documentation in respect of the claim that you are lodging. You must endeavor to have your correspondence in a file that is separate from other that you have in order to get it easily when it is required. Towards this end, you must see to it that the scene of the claim is documented with a camera as well keeping the copies of the communication that you have sent to the insurance provider.
You must at every stage of the filing of your insurance claim see to it that you are fully cooperating with the insurance company to avoid delaying the processing of the claim. In your policy document, you will locate highlighted steps that you must comply to when the time for lodging the claim comes. You must show the same level of your defense on claims that fall under the liability policies.
Another major mistake that you must avoid when making the insurance claim is failing to retain the property that is at the center of the process. The reason why this is paramount stems from the fact that the adjuster and the investigators will need to study the evidence for the purpose of ensuring that the claim processing is smooth. As well, when the property is retained, it means no further destruction will be sustained on it.
You will have better chance of getting your insurance claim considered by the insurer if you take the time to read properly your policy document. In the event that you are having trouble understanding, you should consider getting in touch with your broker or agent.