How to ensure 100% success in insurance claim settlements

Your insurance policy is a contract

An insurance policy is a contract between you and your insurer. If you have any questions about your coverage, it’s important they are clarified with your insurer. We can do that for you. At Global Finance, our insurance advisors can get the answers to any questions you have about exclusions and limitations in your policy. We will also be your advocate at claim time, representing your interests and helping pursue settlement.

It’s always in your best interest to have insurance cover. We would be happy to assist you if you’re looking for help navigating the insurance world. In the meantime, following these tips will help avoid any issues or problems and increase your chances of success when it comes to getting insurance claims paid out.

• Work with a professional insurance advisor who will help you choose the right coverage for your needs and clarify your policy for you.
• Understand your insurance contract inside and out so you know what you’re covered for and what you’re not.
• Be truthful when answering questions from your insurance company – honesty is always the best policy.
• Keep up to date with payments.
• Have a strong advocate on your side who will fight for you at claim time, if necessary.

Make sure you understand what you’re covered for.

To ensure that your insurance company always pays out on your claims, you need to understand what you’re covered for. It’s important to know the ins and outs of your policy so that there are no surprises when it comes time to file a claim. That’s why it’s so important to consult with a professional before committing to buying that insurance cover. You need to know for certain you’re getting the coverage you need.

Sadly, we have seen first-hand how issues could have been avoided if people had simply read their policies and made sure they understood what cover they were paying for.

People have come to us needing to make a claim on an existing policy they’d taken out through someone else, only to find they’re not covered for what they thought they were.

So, don’t make the same mistake. Work with one of our insurance advisors to ensure that you’re fully covered. Good advice is the best way to make sure you have the right coverage in place.

It’s important to be truthful

Tell the truth, the whole truth. Being truthful is the best way to make sure your insurance claims are never declined.

When filing a claim, it’s important that you are completely honest about what happened. If your insurance company finds out that you weren’t forthcoming with information, they may deny your claim.

It is also essential you tell insurers absolutely everything when taking out any insurance and at annual renewals. If you don’t, your insurance company has the right to refuse to pay out on any claims. Being honest on your application protects yourself and your loved ones.

Our insurance advisors can help you make sure that you have provided all the necessary information. They can work with you to check the facts you supplied to make sure nothing is missing. Insurance companies evaluate your insurance based on your health, family medical history, income, profession, and existing insurance coverage. The information you provide helps them evaluate your risk and set a price for your premiums.

If you don’t disclose information that your insurance considers important, they may refuse to pay out on the grounds that had they known, it might have influenced their decision to cover you or the premium they charged. Or they may decide that you intentionally hid facts, which could be viewed as fraud. The number one thing you can do to ensure that your insurance claims are not denied is to be honest.

Don’t let the policy lapse

Don’t forget to pay your premium by the due date. Insurance companies usually give a grace period for paying the premium, but sometimes this extension is only for payments. Cover can stop if the premium has not been paid. We’ll work with you to make sure your premiums are paid on time.

Have a good insurance advisor who will do the work for you

Making a claim means something has gone wrong and no one wants to have that happen. But if it has, we can help. Filing a claim need not be a daunting experience. Insure through us and this is the process. Firstly, your claim will be looked after by one person. You won’t have to keep explaining yourself and what happened, and you’ll always know whom you’re talking to. We’ll sort your cover, and, in most instances, we can handle your claim over the phone. There shouldn’t be any need to fill out forms. If an assessment is needed, we’ll arrange it. Then we’ll keep you posted on your claim’s progress by phone or email.

What to do if your insurance claim is denied?

If you find yourself in the unfortunate position of having an insurance claim denied, don’t despair. Talk to us and we’ll contact your insurance company and ask them to explain their decision. We’ll navigate the appeals process and fight for the compensation you deserve.

How to make sure your insurance claims are never declined?

Have strong insurance advocates on your side. Work with a professional insurance advisor who can make sure you have the right coverage, who’ll make sure you have the right documentation, and that you fully understand the cover provided in your insurance policy. Work with a team who’ll make sure you don’t forget to pay your premiums, who knows what needs to be done to get any claims filed and then does it as smoothly as possible. Work with a team that will follow up to make sure that your insurance company pays out your claim promptly, as you deserve.

If you’re looking for help with your insurance, contact the team at Global Finance. We understand the importance of having good insurance coverage and we’ll work with you as your advocate.

If you have any questions about insurance or would like to learn more about our services, don’t hesitate to contact us. We’re always happy to help.

**Underwriting criteria and insurer terms T’s and C’s apply