What Is An Initial Examination Checklist For
Car insurance is very important. When a vehicle is stolen or broken into, insurance plays a large role in reimbursement for lost property. Insurance also allows the victim to make a claim to their insurer and the insurer handles the costs of repairs and/or replacement of the damage to the vehicle; of course, there is generally a modest deductible depending upon the insurance plan one has.
The process for making a claim starts with informing your insurance company about the event that occurred. The insurance agent you contact will begin the initial examination checklist. Their job is to verify that the claim is legitimate and determine the amount of compensation one will receive. They also are responsible for determining the amount of your claim that the insurance company will cover. These checklists generally includes questions about the incident and your policy and coverage details.
The first thing the insurance agent will check for is to make sure your policy is active. When you file a claim your insurance policy must be paid up-to-date and not have lapsed to obtain your coverage.
Your policy has certain coverage amounts and there are items that are not covered, the insurance agent will go over your policy contract and determine if the claim you are filing is in fact covered by the policy. If you have only liability insurance or third party cover then you will not be able to collect on damages such as car theft.
Your policy might exclude certain perils such as flood or fire and if this is part of your claim you will not be covered and the claim be denied. If the car was stolen or vandalized the checklist examination will look at if these items were on the policy. If you had an expensive set of golf clubs in the trunk when the car was stolen or if your expensive stereo was taken during a break in you can collect for reimbursement if these items were specified on your policy.
While the insurance company is liable for valid claims, it is dependent upon the policy holder to uphold the policy requirements. If the holder failed to take the proper actions on their end, the insurance company will deny the claim. This will leave the victim of the crime responsible for the damages that occurred.
The checklist allows for an easy overview to determine the validity of the claim as a whole. If an insurance agent suspects the claim may be fraudulent, they are required to report their suspicion to the assessor. Claims that may set trigger a closer inspection include a vehicle worth very little being vandalized with items that are of extremely high worth. The insurance company makes notes of all the information received and is given to the assessor. The checklist gives the assessor a great background for he or she to review any possible misleading or false claims.
Related Posts:
Tags: a, Affordable Insurance, auto insurance, automobile;truck, automotive, C, car insurance, cars, e, f, finance, i, insurance, m, money, o, u, v, vechile insurance
