When disaster strikes, you count on your insurer being there to step in and bail you out. But what if they won’t? What can you do to make sure your insurance company pays out?
The best things you can do to ensure your insurance claims are never declined is to make sure you understand what you are covered for, tell the truth, the whole truth, and have strong advocates looking after your interests.
Our insurance advisors will work with you to understand your needs. We’ll recommend the best coverage to protect your health, wealth, home, and family, and we’ll work for you to hold the insurance company to account and ensure that the claim is fairly assessed and paid.
Here are four tips on how to get insurance claims paid out
• Work with a professional insurance specialist who’ll make sure you have the right mix of insurance to cover your needs.
• Understand your insurance contract. Get qualified advice before taking out a policy and ask questions about policy exclusions and limitations.
• Be truthful when answering insurance questions.
• Have a good insurance advisor who will advocate for you and look out for your interests at claim time.
Work with a professional insurance specialist who’ll make sure you have the right mix of insurance to cover your needs
When it comes to insurance, it’s always best to work with a professional insurance advisor who can make sure you have the right coverage and that you fully understand the cover provided by your insurance policy. According to Karen Stevens, the Insurance & Financial Services Ombudsman for over 20 years, some of the most common complaints her team deals with could have been avoided if people had read their policies and made sure they understood the cover provided.
Your insurance policy is a contract and if you have any doubts or questions they need to be clarified with the insurer and we can do that for you. You will be able to ask our insurance advisors questions about policy exclusions and limitations and you will also have a professional advocate to stand beside you to represent your interests and pursue claims on your behalf.
It’s important to be truthful
When you apply for insurance, you are obliged to answer all the questions on the application truthfully even if you don’t think they are relevant. Non-disclosure is a frequent reason that claims are not met, says Stevens. It is essential you tell insurers absolutely everything when taking out any insurance. If you don’t, your insurance company has the right to refuse to pay out any claims. By being honest on your application, not only are you protecting yourself, but you’re also protecting your loved ones.
Our insurance advisors can work with you to check the material information you have provided and make sure nothing is missing to best of their ability. Insurance companies analyse your insurance risk on the basis of health, family medical history, income, occupation and existing insurance cover. The information you disclose ensures that the risk is properly assessed from the insurance company’s point of view and priced accordingly. If you don’t tell your insurer something they deem relevant, they may refuse to pay out on the grounds that knowing may have affected their decision to insure or the level of premium charged or that pertinent facts were deliberately suppressed, which could be tantamount to fraud in their eyes.
Have a good insurance advisor who will look out for your interests
No one wants to have to deal with insurance claims, but when you have the right team on your side, it can make all the difference. At Global Finance, we work hard to ensure that our clients’ claims are paid out quickly and fairly. We understand the importance of having good insurance coverage and know what needs to be done to get your claim processed as smoothly as possible. We’ll work with you to make sure you have all the necessary documentation, we’ll file your claim quickly, and we’ll be your advocate, following up on the process to make sure that your insurance company pays out your claim in a timely manner.
If you’re looking for help navigating through the insurance world, don’t hesitate to contact us – we would be happy to assist you. Contact us today to learn more about our insurance services and what you can do to get paid out promptly at claim time.
**Underwriting criteria and insurer terms T’s and C’s apply