Why insurance company doesn't pay

Insurance? No way ..., the neighbor I have often offering insurance for me. But I never interested. It seems like they are only make promises without realization. Yes, some of you may think that insurance can only give promises with no evidence. However, have you ever been prove it? If not, perhaps you should first join insurance, prove whether the new Insurance Company that you refuse are lying or it is a good insurance company.

We should see insurance company cases about broken a promise, case-by-case basis, not generalized it. It means, not only because of the one insurance company does not fulfill the promise, and you assume all insurance company isn't right. Insurance company money doesn't pay you can be due to many things. Well, this article will discuss what are the causes of Money Life Insurance does not guarantee paid to the customer.

CUSTOMERS ERROR

Not all claims due to failure of payment by insurance company. It can also cause by the customers themselves. Generally, there are five mistakes that can cause the client money is not paid by insurance company:

1. Customer dishonesty

Before someone has a product Life Insurance, he first must complete a insurance claim form. In insurance claim form there is a question that must be answered by a prospective customer, and from the answers that will see whether the insurance company will provide you Life Insurance protection or not.

Well, when filling the claim insurance form prospective customers often do not provide the correct answers. For example, in the claim insurance form there is a question about whether you have been treated in hospitals in the last two years. If you say no - but had been treated in hospital six months ago, for example - when the deaths occurred and insurance company find out that your cause of death because of a disease that makes you treated in the hospital six months ago, well don't expected that insurance company will pay you.


2. There is an exception by the insurance company to pay insurance money

Sometimes Life Insurance company does not provide the benefits that they promised if the cause of death are excluded (and the exceptions are written in the policy). On this exception, insurance company generally specify the amount of exemption varies. However, in most cases are:


1. Death due to suicide
2. Death because the person concerned to criminal acts
3. Death due to AIDS/HIV
4. Death due to critical illness, where the death occurred in the first year he was in the program of insurance from that insurance company
5. Death due to Force Majeure, or the things that really can not be avoided, such as war, natural disasters, or the hurly-burly

Well, often the exceptions in the policy was not read by the customer, so that he felt deceived when insurance money does not paid by insurance company. Therefore, if you have insurance policies, make time to read more articles in the existing policy.


3. Customers make a too long insurance claims

Insurance company set a time limit of insurance claims. Typically, a set time limit is three months. The problem is, customers often make a claim outside the time limit, so the insurance company doesn't fulfill customers demands.

For example, your husband is join a program with the Life Insurance and make you as his heirs. If the death occurs to your husband, you can only get insurance benefits that were promised when the claim still in a three months time after the death. If not, insurance companies may not want to give the benefits that they promised.

Now, how long you can know the time limits provided by the insurance company when you make a death claim? You can read it in your Insurance Policy. After that, if risk of death occurs, you must proposing a claim to your insurance company as soon as possible.

I'll write more later about this.