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Some Basic Insurance Tips That Could Uplift You

Published Wednesday, September 3, 2008 by bloggerblognet26206 | E-mail this post

I have considerable experiences in dealing with different type of insurance claims.I think, the basic procedures in dealing with insurance claims and processing the same are somewhat the same in U.S.A as well as other parts of developed & developing countries. Sometimes insurance companies pretend that they are much customer-friendly, fast & fair in dealing with claims, service-oriented, dedicated, particularly at the time of selling their insurance policies until you pay the premium on regular basis.

But you may see a different face if you somehow compel to lodge a claim with them. They may suspect your integrity and dig into some sort of shortcomings in your furnished claim documents whereas you might seek their co-operations in helping you out from your financial mess up. I should say, they exploit every opportunity in turning your claim down.

I am not saying that all are repeating the same story. After all they are here in the business for gaining some profit out of extending services to the policy holder.Nobody ever deny that insurance industry has got some social responsibilities in rendering some noble services to people in distress and their financial sufferings just after the mischances that wipe the valuables and peace out of their life. Anyway I am going to give some tips from my professional experiences that could help you some way in your life.

1. Before buying a insurance policy, may it be car insurance or homeowner insurance or health insurance or life insurance or travel insurance, always read carefully some important documents such as proposal form with terms & conditions. Make sure you understand some basic terms like policy excess or deductible, exclusion, limitations etc. and what sort of risks or perils(more specific risk) you are going to get. Make a note of all these alongside any promotional materials and preserve them with the policy.

2. Have a review of all the materials you preserve and talk to company representative. Ask for any clarification you may have regarding deductibles, exclusions(some perils are always out of the scope of policy coverages), insurable interest(legal ownership), warranty, important terms & conditions, extra premiums for additional coverages that are basically not covered, any discount that you deserve and make sure you have proper representation in the proposal form so that your insurance company never ever get any scope of repudiating or turning down any of your future claim just because of flaw in your proposal form.

3. Preserve all important documents such as bills,receipts,doctors prescriptions, reports, photographs of properties, copies of correspondence with insurance company(if any) and make duplicate copies of those.

4. If possible, make an inventory of all insurable contents and properties with still photography and videotape(in case of homeowner insurance policy)

Kaushik Adhikary operates http://www.myinsuranceinsiderinfo.com, a blog all about fresh and informative info about new trend of all categories of insurance business. He loves giving away Free Stuff and now giving away Free Memberships to his Newsletter. Your are not just going to believe what you'll get when you sign-up for the newsletter and its all absolutely free.

For more more valuable informations, Click Here-http://www.myinsuranceinsiderinfo.com

Blogger BlogNet44857

Some Basic Insurance Tips That Could Uplift You

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Blogger BlogNet44857: Some Basic Insurance Tips That Could Uplift You

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