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This is a legal request or notice by the policyholder to the insurance company, stating the need for an incurred loss to be covered.
Regardless of the insurance company there is always a claim by the policyholder when there is an incurred loss.
Normally, every insurance claim is made under the terms and conditions of the insurance company.
The process varies from insurer to insurer. The claim may most likely depend on the severity of damage and the amount of the incurred loss.
It may also depend on the type of policy the insurer holds as at the time of the incurred loss.
Regardless of the insurance company there is always a claim by the policyholder when there is an incurred loss.
Normally, every insurance claim is made under the terms and conditions of the insurance company.
The process varies from insurer to insurer. The claim may most likely depend on the severity of damage and the amount of the incurred loss.
It may also depend on the type of policy the insurer holds as at the time of the incurred loss.
Posted in: Glossary of Auto Insurance (C)
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