Why are Insurance Claims Rejected?

Suba

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• Jan 2, 2023

• #1

If you as a policyholder and always pay premiums on time, then when a loss occurs, costs and damages etc. occur. then you as the insured have the right to submit a claim or ask for reimbursement of costs to the insurance company, but the insurance company rejects the claim that we submitted, because it is very important for us to know the reasons why our insurance claim was rejected. According to you,
what's the reason?

 

S

Stardom22

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• Jan 2, 2023

• #2

The insurance can reject a claim only when the occurred risk is not the one actually which was insured. For example the insurance cannot compensate a burnt down car when the owner has caused the fire deliberately.

 

Shavkat

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• Jan 2, 2023

• #3

If they think that the requirements are not met, then they have to reject it. But then, you still need to ask what are the needed datum to be approved.

 

nomad

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• Jan 2, 2023

• #4

Claims are rejected because you are following the clauses. YOu need to read the terms properly and understand everything that is in black and white.

 

Niyi Briggs

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• Jan 8, 2023

• #5

Insurance companies are business entities. They are always looking for small loopholes to reject claims. It's really not about anything from your own end.

Post automatically merged: Jan 11, 2023

It is the very nature of insurance companies. They mostly try everything to make them not pay claim

 

Last edited: Jan 11, 2023