The term claim refers to a formal request to the insurance company when an insured individual experiences a loss, damage, or needs to respond to a liability claim. Let us explain the procedure step by step.

This claim process typically involves:

File a claim: The policyholder submits a notice of loss, which serves as an official communication to the insurance company, providing details about the loss or damage they have experienced. This initiates the process of seeking financial compensation or assistance.

Claim evaluation: The insurance company carefully evaluates the claim, assigning a claim adjuster who conducts an investigation into the circumstances surrounding it. This evaluation helps the insurance company determine the appropriate compensation or benefits to be provided to the policyholder, as outlined in the terms and conditions of the insurance policy.

By following this straightforward claim process, the named insured can receive the necessary support and coverage from their insurance company.