Overview
Understanding insurance claims and grievance resolution is essential for anyone dealing with insurance. Claims are requests for compensation after a loss, and knowing how to file them correctly can save time and stress. Additionally, being aware of the grievance process allows policyholders to addre...
Key Terms
Example: Filing a claim after a car accident.
Example: A $500 deductible means you pay the first $500 of a claim.
Example: Flood damage may be an exclusion in a standard home insurance policy.
Example: Underwriting assesses whether to approve a policy application.
Example: You pay a monthly premium for your health insurance.
Example: The claim adjuster assessed the damage to my car.
Related Topics
Key Concepts
Claims SubmissionClaim DenialGrievance ProcessAppeals