Insurance is made on a specific product, business or person. Certain sum is insured for a period of time with certain amount of premium. While the policy holder continues to pay premium regularly, at times when an accident or an unforeseen event occurs, there is a problem. At this point, policy holder requires funds from insurance company. Because, he is a policy holder with the company.
Insurance company has certain terms and conditions to pay the policy holder when an accident occurs or there is a natural disaster which results in loss for a business. Such as these causes are analyzed before issuing orders for insurance claim. Therefore an insurance claim is made at the point of a sudden event which is unpredictable.
Many a times a policy holder do not know whom to approach. The right method is to contact the insurance company with all the relevant documents of insurance policy and statement of premiums amounts. This will enable the company staff to check their records and to verify the events. Once all the facts of accident have been verified and found to be true, the company will issue insurance claim to the policy holder in the form of check.
Another method to make insurance claim is to approach an insurance agent or a broker who can help by following-it up with the insurance company. Insurance broker will mediate on behalf of policy holder and will ensure that the insurance claim is received as quick as possible.
It may be a business loss, damage to goods or a loss of property caused by natural disaster. In all events, insurance claims are made by the policy holders by supplying the required facts and figures to insurance companies. This way, benefit is drawn by the customers.
