An area of challenge that has been observed in the adjustment of motor insurance claims is the inadequate understanding of the difference between the Policy Excess clause and the Contribution conditions in an insurance policy. Even among some insurance agents, these two concepts are often misunderstood and consequently misconstrued. And this misunderstanding is further passed on to the insured by unintentionally misrepresenting the policy. Continue reading THE CHALLENGES WITH MOTOR CLAIMS ADJUSTMENT PART 2
I once had a discussion with a friend who claimed to have been defrauded by his insurance company. He lodged a claim under his motor insurance policy and at the end of the whole thing, what he got in form of compensation fell way below his expectations.
As a Claims Expert, i requested to know the details of the transaction and a copy of his insurance policy. After a careful perusal I discovered that my guy like many other claimants threw caution to the wind when he took up his motor insurance policy. It is too late to cry after the head has been chopped off!
Continue reading HOW TO GET FULL COMPENSATION UNDER YOUR MOTOR INSURANCE POLICY
This is a continuation of our series “Understanding Motor Insurance Policy”. We have explained the basic covers provided by a standard motor insurance policy. Kindly go through our page to read it up.
Today we shall be focusing on how to maximize the covers available under motor insurance policy. Your may call them policy “ad-on” but they are technically referred to as “policy extensions or exclusions”. It means the policy excluded these items or the policy has been extended to cover these items. We should however state here that these extensions comes with payment of an additional premium. Continue reading YOUR MOTOR INSURANCE POLICY CHECKLIST (PT 2)