Get Your Insurance Claim paid out Today, don’t let the Insurance companies drag their heels, Most of us are not exactly thrilled about paying insurance premiums for anything – our homes, our cars or our health – but we do realize that such things are ‘necessary evils’. It’s frustrating then, when, having paid our premiums on time for months the insurance companies seem to take ages to paying us out.
Want to get your insurance claim paid out today, or at least considerably faster? While you cannot control the administrative staff ;aat your insurance company and the speed they work at there are everal things you can do to speed up the processing of any insurance claim, whether it’s for your home, your vehicle or for medical services and treatments.
Understand What is Covered
Ideally, you’ll be familiar with your insurance coverages and the ins and outs of your insurance policies before you ever have cause to use them. If you aren’t, now is a good time to do so, to avoid arguments with adjusters and quibbles over claims that will delay a payout.
In the case of vehicle insurance, make sure you understand your responsibilities in terms of deductibles, what types of damage and liability are covered and whether your policy requires you use a certain auto body shop for repairs or a certain company for car rentals.
Speaking of preferred providers, if you are filling a medical aid insurance claim, it will avoid delays if you know whether the provider you used was considered ‘in-network’ or not. In-network medical providers and facilities have contracted rates agreed with your medical aid provider and so not only are claims likely to be paid at a higher rate but they are likely to be paid far more quickly as well.
When it comes to home insurance, the one thing many are confused about is the difference between replacement cost and actual cash value. Let’s imagine that a tree falls through your living room window and in doing so also destroys your six-year-old TV. If yours is a replacement cost policy, then the company will pay to replace the old TV with a new model. If, on the other hand, it’s an actual cash value policy only a portion of the replacement cost will be covered, as a six-year-old TV is not worth as much as a brand new one.
Have All Your Ducks in a Row Before You File
Before you make an insurance claim make sure that you have all the proofs, bills and miscellaneous information your insurer is likely to need close at hand. One of the biggest causes of insurance payout delays is missing information and it really is the insured’s responsibility to make sure that it is all available and properly submitted.
Take Advantage of Technology
Almost all insurance companies, medical aid schemes included, now offer their customers the option to file a claim via the Internet rather than via fax or through the mail, and it makes sense that it is usually these claims that get processed and paid out first. Many companies also offer a smartphone app that lets you upload pictures of vehicle or property damage, or, in the case of medical claims, copies of receipts and other paperwork, something that really speeds up the claims process to get the money you need into your hands as quickly as possible.
To Get Your Insurance Paid Out Today make sure all paperwork is in order and you will find the process simple and money in your hands far faster. Want help with the paperwork speak to one of our Professional Consultants now.