Before Dealing with Insurance Company

If you are thinking about purchasing insurance, you should know the features of insurance. There are two types of insurance: non-investment and investment insurance. Investment insurance will develop your money in certain period and you can use the money for pension, holiday and so on. Non-investment insurance means you will not get the return of your money although you have paid several times. Non-investment insurance usually for health, accident and injury claims.

You should understand clearly how to process your Work Injury Claims. Don’t let your claim is rejected by insurance company since you don’t submit complete documents. You should make sure whether insurance company pays all claims or just some percentage of it. For example you take personal insurance and in the polis mention that there is a co-share. It means insurance company will not pay full of your Personal Injury Claims. By understanding this since beginning, you will not be upset with insurance company if your claims are just paid several percentages.

Some insurance companies also give plafond for claiming. For example: Accident Injury Claims with limit $10,000,000/year. It means if medical expenses are more than $12,000,000 in a year, so insurance company just pay $10,000,000 and the rest is paid by you.

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