Top tips to avoid insurance claim rejection: Get your money fast, do this
Insurance claim rejection: If there is an accident, immediately inform the insurance company on the given number of the bond paper and ask for a survey of the accident site.
Insurance claim rejection: While claiming one's insurance, health insurance or motor insurance claim, one should follow a proper procedure to avoid rejection of claim. Otherwise, an insured person may have to face the horror of not getting the money they expect from insurance company. According to investment experts, people commit some mistakes while filing their insurance claim both in health insurance and in motor insurance too. They said that if they follow the proper insurance claim procedure, their claim won't be rejected and they will get their due money on time from the insurer.
Speaking on the matter, Harsh Rungta, CFP, Rungta Securities said, "For putting the health insurance claim, one should immediately inform the insurer once the insured is hospitalised. After that, one should submit one's insurance claim documents on time. Hiding some health-related information form the insurance company also leads to rejection of one's insurance claim." Elaborating upon the mistakes that one generally commits while filing one's health insurance claim Rungta said that one should immediately submit all insurance claim related documents to the insurance company. Generally, the time limit to file an insurance claim is from 7 days post-discharge from the hospital to 30 days.
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Highlighting the mistakes that an investor generally commits while claiming Motor insurance, Rungta said, "People don't ask for the survey from the insurance company at the site of the accident. This leads to the majority of the cases of rejection during the motor insurance claim. Remember, if you get your motor repaired before the survey, then you won't be able to get your motor insurance claim. If there is a massive accident, immediately inform the insurance company on the given number of the bond paper and ask for a survey of the accident site." If the insurer says it's difficult to arrange a survey of the accident site, then take photographs of the accident site and the damages that happened to your vehicle for future references.
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