Some of the people will buy the insurance policy, but they do not know how to file a claim. Let us see some of the steps which will be useful for filing a claim.
- Generally, one might not remember each and every point of the insurance policy.
- Because people will buy or purchase the insurance several years ago for meeting the future risks. So, review it whenever you want to claim. See the coverage amounts. In addition to that check out the deductible amount which has to be paid while filing the claim. The cost of the policy and the deductibles are inversely proportional to each other.
- Calculate the amount of risk for getting the insured amount. Suppose, take the case of home insurance policy if the house has got damage then ask the home repair contractor to estimate the amount for the recovery. Ask the insurance company about the estimates whether they will pay. Apart from taking single estimates, the insurance company requires multiple estimates to be done.
- Unless the claim is not paid within your deductible amount, you should not file a claim. So, check out carefully. Always the premium claims will affect the insurance premium.
- As soon as the risk comes up, one should note the damage and the date on which it has occurred like home damages. Make a call to the insurance company to file a claim by saying the above information. Depending on the insurance company and insurance policy statements, one can file a claim up to six months.
- There after, Insurance company will send a person called the adjuster or the inspector for examining the risk or damage occurred. Depending on the extremeness of the claim, the adjustor may accept or deny the claim. One can even complaint against the inspector if you have any problems with the inspector.
- Be courteous whenever the inspector is doing the inspection process. Be on time for meeting the inspector. Sometimes, conversation may also have a negative influence and the possibility of denying the claims. So, limit your conversation.
- Before the inspector starts inspecting, don’t forget to ask for identity proof from the insurance company.
- Some of the inspectors will tell you whether claim is approved or not, sometimes they will give a report and sometimes they will say that they will soon contact. Wait for ten days or so and give them sufficient time. Then make a call regarding the claim. Check out the appeal process, if the company, has denied the claim. One has the right to appeal, if the claim is costly.
These are the different steps to be followed for filing an Insurance claim.