General Claim Procedure Of Insurance

Insurance company of packages group IGI is one of the leading business houses of Pakistan. It came into existence in 1953 and since then it’s providing its services to the people in all fields of insurance including health, vehicles, marine, fire, miscellaneous and home insurance. It’s roots are spread to national and international institutions all over the world. Their services to their clients are much more satisfactory and minimize the occurrence of loss with highly professional attitude and providing prudent customer satisfactions. Let’s talk about the general claim procedure of insurance.

An individual having some insurance from some company should obey important points. You have to be careful to fulfill your responsibility in obeying the instructions of the policy. When some damage or some loss occurs to your property, having insurance, its your duty to inform your insurance company immediately. Provide the receipt of the claim insurance and insurer will provide claim form. You have to submit the claim form along with the rough estimation of loss, it would be better if you submit the estimation bill with itemized cost of separate values.

General Claim Procedure Of Insurance

The insurer will have an inspection of the loss and in case of some major loss they will go for some specialist-licensed survey of the loss. From insured side it should be substantiated the extent of loss to the company with all the documents and estimation bills. If there is a situation when cause of loss is not established in that case insured have to prove that the damage has caused because of the insured peril. So after all the inspection and investigation of the loss the claim amount is handed over to the insured and claim is settled down.
let’s now have a brief overview of a claim under fire. If such incident happens to something under insurance, first of all the main responsibility of the insured is to minimize the loss. You should call fire brigade immediately so that fire can be controlled and damage can be minimized. In case when the loss is expanding in surrounding and some third party is victim of that loss you should have some police complaint if some mob, striking of workers or some terroristic activity has become the part of that incident. It will be a proof for insured to convince the insurer and will have to attach with the claim. When insurer go for some inspection and some team is appointed insured should co-operate with them.

In case of some claim for money insurance, first thing you have to do is to go for some police complaint of robbery and obtain a non-traceable certificate from police as a proof for insurance company to attach with claim form. On the other hand you have to inform your insurer as early as possible about the incident. You will provide insurer with some stamp paper as an undertaking of the incident and to have your money you lost in the incident, a letter of subrogation for refunding the amount. Also the complete list of the losses with full details have to submit to the insurer.
For some cases if insured undergoes some machinery breakdown the necessary steps insurer have to take is immediate information to the insurer, send him a notice for claim and estimated cost of the incident. If your application got some damage you should go for renewing it.
So after all this discussion, we derived the result that if some loss had happened to the property of the insurer first of all you have to inform your insurer about the event and estimation of the loss must be sent him with claim form. Be aware if matter goes beyond your range you should go for police report and hand over a copy of that report to the insurer.