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Insurance Claims

 Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Insurance is defined as an equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a premium and duty of care.
 An insurance claim is made when insured parties experience a loss for a specified peril, the coverage entitles the policyholder to make a claim against the insurer for the amount of loss specified by the contract.
 Although a personal injury insurance claim may require a different level of proof than a vehicle damage claim and insurance regulations vary from state to state, the basic steps to take information needed to file an insurance claim are reasonably similar.  Most of the time, insurance claim process for vehicle damage is simple: You make a claim, the adjuster comes out to estimate the cost to repair the damage, the insurance company sends you a check for that amount and you in turn can pay for the repairs.
 Every insurance claim requires some kind of proof of damage or injury before a carrier will pay. For example, when making a car insurance claim there are five elements of proof that will come into play: what you tell the insurance companies, what the other party tells them, a police report, witnesses and physical damage at the scene.
 Remember in case of an accident, if someone has a life-threatening injury call the emergency to get any needed medical attention and call the police directly, you’ll need that police report. Then exchange license plate numbers, contact information and auto insurance information with the other parties involved. Most states require drivers to have an insurance identification card in the vehicle and it will provide most of the pertinent information that you’ll need for the insurance claim purposes.

Insurance Claims Resources

Claims Magazine
Publication covering insurance losses and claims.
http://www.claimsmag.com

AON
Provides risk management, retail, reinsurance, and insurance claims management.
http://www.aon.com

Insurance Claims Services
Company featuring claim consultancy for insurance purposes.
http://www.insclaimservice.com



News about Insurance Claims:


Week in Review
On 08-06-2007.
Some 462 people and businesses filed claims to recover losses from Al Parish's "informal pools" of investments by last week's deadline. The alleged loss is approaching $90 million, according to David Dantzler, an attorney for the receiver in the government's case against Parish. Investigators planned to accept tardy claims for several days. Parish, formerly an economics professor at Charleston Southern University, ...
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FLOODS PUT 10% ON HOME INSURANCE BILLS
On 08-04-2007.
THE summer's devastating floods have prompted one home insurance giant to hike premiums by an average of 10 per cent.
Norwich Union said the damage in the north of England in June and the south-west last month had cost them £340million.
With the industry facing flood claims totalling around £4billion, other firms are expected to follow their lead. ...
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Top Resources

Industry Sources!
Recopilation of useful industry resources.
http://www.dirins.com

Brazilian Industry
Manufactures and producers from Brazil and Portugal.
http://www.diretorioindustrial.com.br

Brazilian Resources
Internet useful websites in Brazil.
http://www.dirbrasil.com.br

Loans
Loans, credit resources and mortgages.
http://www.dirloans.com

Credit
Credit resources. Loans.
http://www.dircredit.com

Virtual Tradeshow
Software to manage and create online 3D virtual events and fairs.
http://www.tradky.com/m-home.html



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Related Categories to Insurance Claims
Car Insurance Claims
Claims in Australia
Claims in US
Insurance Claims in Canada
Insurance Claims in Europe
Insurance Claims in UK