Insurance is essential for getting the protection that you need, but understanding it beyond that can be tricky. This does not have to be the case. Just getting the basics on general insurance can make the whole process a lot less overwhelming.
General insurance is going to cover the most basic needs and demands that liabilities will consist of. To better understand general insurance it often helps to look at how it works when claims are filed and the investigation process begins.
When it comes to general insurance investigations you need to first be aware that both personal and business coverage protects against monetary loss. Once a loss has been experienced a claim has to be submitted along with the appropriate documentation, Most of the time this will include a police report, an appraisal or an estimate alongside a request to get reimbursed for the loss. At this point an investigator will be assigned to the case. This is a mandatory procedure before any claim is paid out. This ensures everyone’s rites are being protected.
Things happen, life happens. No one will avoid accidents or loss their whole lives through, or at least very few have done so. That is why insurance is so important. Not only are we protected from our losses, but we are covered if we are found to be at fault in the loss of another. This means you wont lose all you have trying to pay then for their expenses out of pocket. Either way, insurance protects everyone involved. Plus, not having it can cost a lot more than your bank account.
Let’s take a closer look now at general insurance.
A lot of us have general insurance in one for or another. Most of the time it is car insurance. Other times it my be Life, property, pet, homeowners or even renters insurance.
The path to getting insurance can be a lot. Nothing is “cheap” and having to pay all of these different insurance companies can get financially suffocating. It is important to insure the things that you need to insure though. Having a company that groups policies may be a good idea. A financial adviser may help, and do not be quick to rule out online enrollment! You want the best premiums, but you do not want to deal with a no name company. When you do get the company and the premiums you can live with then you can decide whether to pay monthly, quarterly or annually.
Keep in mind different factors will impact the premium cost. For instance with car insurance if you are under 25, a first time driver or if you have had a lot of tickets or an accident your premiums may be significantly higher. With life insurance the older you are the more it will cost, and the premiums rise if you re a smoker or have a high risk job.
General insurance in a nutshell is just that, general coverage. The policies are simple to understand, and the agreements must be adhered to by both parties. These are binding contracts, so insurance can be the one thing to rest your mind in a material world where funds are not as easy to come by as many of us would like.
Seca Investigations:
Phone 61 3 9544 6865 / 61 3 9544 8279
Fax 61 3 9558 8980