General Insurance – Overview
To make sure that we have good insurance that suits us; it is always good to talk to the advisors, they will provide us the more optional products according to our need. Insurance works by taking out the policy for the things we want to protect on priority. It could be any movable or immovable assets for which we worked so hard to possess. The policies of the insurance companies are designed in such a manner to protect us financially against risk and events.
We should categorize the different thing which means a lot to us. These include insurance for us like House, vehicle, furniture, factory machineries, any valuable items, rural property, rental property, travel, etc. If something goes wrong and we need a claim the best things we should do is call an advisor and follow the steps given below.
• If some unexpected things happen which we are not prepared for and have protection for. The earlier we will be in contact with the advisor the better it will be.
• The claim team will discuss with the insured the event, the impact and in many cases get straight away to us and let us know whether we are covered under the policy, having the policy number and much detail of the claims on hand which help us in speed up the process.
• The consultant will assess the claim after a particular time and let us know the outcome of the result, or maybe ask for some more information. But always ask the assessee for a particular time frame or move to the next steps without waiting for the process.
• Once approve the insurer will pay or organize to get things sorted.
Things To Take Care For General Insurance
Always remember to read and understand the policy document whenever you buy one. As in every policy it is explicitly mentioned whatever it is covered for and what are the things to be excluded. If some loss-making event occur which is covered under the policy, then we can claim that damage. The insurance company will check the loss and make payment for the valid claim.
Even everything gets smoothly there might be a possibility that there may be a delay in making a claim and receiving the payment. The insurer has to assess every claim up to a certain level of details so it should be fair to policyholders.
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