home insurance
QUOTES COMPARISON TAILORED TO GENERAL INSURANCE
home insurance

If I buy Insurance Today, How Does The Claims Process Work?


Insurance serves as a hedge against man-made or natural disasters, hazards or calamity. Insurance equals your financial security and puts your mind at peace. It means you can basically manage the risk of loss of your property and even life. With an active policy, the value of your possessions can be recovered depending on the kind of insurance policy you have in place and the extend of cover it provides against stated disasters. As the insured then, you exchange a little loss on your part from your pocket (monthly or yearly premium) with total or near total recovery from a much bigger loss later. The premium is the little periodic contribution or amount of money you have to pay to the insurance company for active cover. Therefore, if you did not buy insurance, and are involved in an accident, you will have to replace the loss fully with money from your pocket, and risk loosing everything.

If you are involved in auto crash (for instance) involving property damage or injury, inform your broker, insurance company or insurance agent immediately or within days (even if you are not at fault). You will be asked to provide some of your policy information and some details of the incident such as: your policy number, insurance company, make, model, license plate number and year of the car as well as other details regarding the incident.

Note: Always take time to read and understand your insurance policy details and coverage scope after you buy insurance. Ask questions if you are ever confused about any specific clause.

As soon as your claim is reported, a claims adjuster gets in contact with you. He/She may want to meet with you in person or simply speak with you over the phone. You may also be required to fill a claims form also known as proof of loss form. Your claims adjuster will then check to determine the extent to which that claim is provided for or covered in your policy. He/She will also explain your coverage terms to you and guide you properly throughout the claims process.



©2013 - 2016 InsuranceQuotes.NG All rights reserved.

InsuranceQuotes.NG is a proud partner to Key Verticals Ltd. All insurance policies are directly underwritten by our NAICOM (National Insurance Commission) licensed Insurance partners and Underwriters who provide you with insurance policies for all classes of insurance including auto, health, home, business, life and travel. The founders of Key Verticals Ltd are fully licensed Insurance Agents, authorized by NAICOM to connect prospective insurance shoppers via its superb technology to the Insurance companies best capable of providing the much needed insurance service(s).

When 20,000 people had used InsuranceQuotes.NG’s comparison service, Surveys were conducted to determine the effectiveness of the service. The research results revealed that 96% of InsuranceQuotes.NG’s customers would re-use its insurance services after saving an average of 19% on their insurance costs. Submit your details and see how much you can save today.

In this age of digital technological improvements, more and more shoppers are making use of online platforms and portals like InsuranceQuotes.NG to obtain discounted home insurance quotes in real time from multiple providers. Simply get free home insurance quotes, compare insurance companies' service offerings and purchase your cover at the discounted prices we make available to you (Cash back vouchers also apply to all direct insurance buys via this site only). Note that our customers are now able to make full insurance purchase transactions online for all insurance classes.