(7) Never Sign Legal Documents Without Consulting An Attorney
It is one of the very important ways or tips to get insurance claim paid faster. Insurers are clever enough to ask policy holders to sign a release or an assignment of rights in connection with your claim. They often try to fool people by asking them to give up important legal rights through tricky legal languages.
You should never sign a legal document without being reviewed by your own lawyer or attorney. He/she can help you to protect your legal rights for claim process.
Similarly, if your insurer asks you to appear for an Examination Under Oath (EUO) then never go without your own attorney. It often involves appearing before insurer’s attorney to answer some questions about your claim under oath.
(8) Value Insurance Assets
It is one of the smartest steps or tips to get insurance claim paid quickly. A smart policy holder will always closely examine the limits of his/her policies.
You should wisely examine insurance coverage, applicable coverage grants, policy endorsements, and many more. You should never forget to look at the ultimate net loss clause & supplemental payments clause in liability policies.
Similarly, deductibles & self-insured retentions should also be considered along with applicable exclusions & exceptions to those exclusions.
When evaluating amount of money you may get back through your claim, don’t forget to consider the viability of insurer as well.
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