As such, by this practice, Insurers themselves are playing the role of Judges, by themselves deciding
Insurance Claims, lodged against them by their Insureds, thereby implying that they have taken over the role of the Government Licensed Surveyors to decide the quantum as well as Status of
Insurance Claims lodged against their own Insurance Policies.
Dubai: If the number of
insurance claims are to go by, those who have expensive wheels are less likely to get into an accident than most people in the country, hence they're considered the safest drivers.
"Have you made a false
insurance claim against the Halifax company in respect of those items stolen during the burglary?" She replied: "No."
In 2006, insurance companies detected and prevented more than pounds 480m of fraudulent general
insurance claims - a threefold increase in the amount detected in 2003.
* Drivers who display a certain set of personality traits are more likely to have accidents and file
insurance claims than those without those traits.
Under the current system, 90 percent of
insurance claim payments are guaranteed for holders of automobile, fire and overseas travel insurance policies.
The problem is that many of the records normally needed to file an
insurance claim no longer exist.
To make an
insurance claim, she needs to recreate certain financial records.
Businesses face many situations in which a casualty loss may be properly insured, but for specific reasons, an
insurance claim is not filed.
Dubai: Gulf News spoke to four insurance companies that offer home contents insurance -- RSA Insurance, Zurich, AIG and Oman Insurance -- to get the lowdown on the top five questions residents have on how to make a home
insurance claim.
"After the said dates, PDIC, as deposit insurer, shall no longer accept any deposit
insurance claim," the PDIC said in a statement.