Yes, insurance claim rejections can be avoided. Take a look.

– Debbie Smart (Director, Cornerstone Insurance Brokers)

Is there anything worse than putting in a claim to your insurance company just to have it rejected due to some tiny technical issue? Not likely. That feeling of helplessness, anger and confusion can be overwhelming, not to mention the fact that you need to deal with a lost or damaged asset without financial assistance from your insurance company.

Fortunately, there are a lot of things that you can do to avoid ever having to deal with a rejected insurance claim with the added benefit of ensuring that your short-term insurance cover is perfectly suited to your needs and is as strong as it can be. A capable and qualified short-term insurance broker will ensure that you have the right cover in place for your specific circumstances (personal or commercial) and that your claims will be handled swiftly and easily managed.

Don’t have a short-term insurance broker? You’re seriously missing out. Click here and let’s talk about making your life easier. Alternatively, let’s have a look at some ways in which you can reduce your chances of a rejected insurance claim.

First thing’s first, let’s start with the obvious. If you do anything that greatly increases your risk of a claim, then there is a very good chance that any such claim will most likely be rejected. This includes driving under the influence of drugs or alcohol (car insurance), neglecting the maintenance and repairs in your home (home owners insurance) or not putting the necessary security systems in place to help to protect your belongings (home content insurance). Always make sure that you follow the terms and conditions set out in your policy and make sure that you keep up to date with any changes.

Next up is your personal policy information. It is your responsibility to make sure that your insurance company is kept up to speed with any changes regarding your personal information. This includes your address, where your belongings are stored or kept, any new items purchased as well as your work and contact information. If you changed addresses and failed to let your insurance company know, any claims related to your home will most likely be rejected (home owners or content insurance) because they were insured under specific terms which includes where they are kept most of the time.

Lastly, the financial aspect of your insurance policy. It should come as no surprise that if you fall behind on your monthly premiums or stop paying the insurance company, then you will not be insured. If you struggle to keep up with the premiums, rather talk to your broker and find a way to reduce your costs, but don’t just stop paying as this will immediately sever your insurance agreement.

Your sums insured are just as important. Many people only find out that they are underinsured when it is too late. Make sure that your insured items are insured for the correct replacement value to avoid losing out.

Have you learnt anything? If so, let us know! Share your ideas, comments and tips on our Facebook page by clicking here.

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