Why are insurance claims rejected?
This is an endless regret. How could it not be, the hope of buying insurance protection is to get compensation when you experience a loss. However, in fact, the payment of insurance premiums is quite large, resulting in claims being submitted which are often rejected by insurance claims officers.
Quite a lot of insurance policy buyers don’t understand or pay attention to what type of policy they should have and what hazard coverage they need to buy. They think that the important thing is to buy a policy and if a claim occurs, the insurance company will reimburse them.
It’s not that easy how insurance works. Insurance contains various conditions and requirements, which must be fulfilled by the insured when a claim occurs and submits a claim for compensation/compensation.
There are many reasons why an insurance claim can be rejected. We will convey several things that often occur and are ignored by the insured, including:
- Paying premiums past the speci
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