• Home
  • Economics
    • Scarcity
    • Opportunity Cost
    • Goods and services
    • Market and economic systems
    • Economy
    • Production
    • Factors of production
    • Production function
    • Equilibrium
    • Economies of scale
    • Economies of scope
    • Efficiency
    • Productivity
    • Comparative advantage
  • Microeconomics
    • Utility
    • Supply and demand
    • Elasticity
    • Economic surplus
    • Consumer surplus
    • Producer surplus
    • Market failure
    • Market structure
  • Macroeconomics
    • GDP
    • Economics GDP Formula
    • GNP Formula
    • NDP
    • National income
    • Disposable income
    • Aggregate demand
    • Aggregate supply
    • Unemployment
    • Inflation
    • Interest rate
    • Business cycle
    • Central bank
    • Investment
  • Guest Post
Wednesday, June 25, 2025
  • Login
EconGuru
  • Business
    • All
    • Accounting
    • Entrepreneurship
    • Management
    • Marketing
    • MBA
    Guest Experiences at hotel

    Exceeding Expectations: How Offering Unique Guest Experiences Can Drive Hotel Revenue

    Understanding Performance Reporting for Your Company

    Easy Ways to Ramp Up Security for Your Small Business

    3 Things You Should Know Before You Start a Web Design Firm

    5 Ways to Make Money When You Are Disabled

    5 Business Ideas You Can Run From Anywhere In The World

    5 Best Books to Learn Stocks Trading: Study for Successful Investing

    6 Best Real Estate Books to Get You a Solid Education In Real Estate Investing

    Must-Read 5 Best Business Books For Men And Women Who Love Success!

  • Economics
    • All
    • Basic Economic Concepts
    • Economic Data
    • Economic Mathematics
    • Economics Diagrams
    • Economics Education and Careers
    • Environmental Economics
    • International Economics
    • Macroeconomics
    • Microeconomics
    Crypto Fomo and Panic Selling

    Avoiding Crypto FOMO and Panic Selling: Emotional Control in Crypto Investing

    bitcoin trading

    How to Trade Bitcoin with Only $100 for Beginners: A Complete Guide

    this image describes bear vs bull market.

    Bull vs. Bear Market: 8 Key Indicators to Watch in Crypto Markets

    How to Study for an Economics Exam

    Top 100 Dataset Websites & Sources for 2021

    “Capital in the Twenty-First Century” – a comprehensive master piece on world Economy and the reign of inequality

    Freakonomics: a book for unconventional thinkers and practical millenial economist

    Is the Study of Economics Truly a Science?

    What is Your Contribution to National Income?

    Trending Tags

    • Finance
      • All
      • Basic Financial Concepts
      • Corporate Finance
      • Personal Finance
      Crypto Fomo and Panic Selling

      Avoiding Crypto FOMO and Panic Selling: Emotional Control in Crypto Investing

      bitcoin trading

      How to Trade Bitcoin with Only $100 for Beginners: A Complete Guide

      this image describes bear vs bull market.

      Bull vs. Bear Market: 8 Key Indicators to Watch in Crypto Markets

      decentralised finance defi

      10 Best Tips for Choosing the Right DeFi Platform

      bitcoin

      5 Factors That Affect Bitcoin Prices and Volatility in the Financial Markets

      corporate event speaker

      How To Attract Industry Experts To Speak At Your Next Corporate Event

      Best 4 Personal Finance Software on Amazon

      The best invoicing softwares for small businesses

      5 Best Invoicing Software for Small Businesses

      Cryptocurrency: In Light of the Increased Volatility, Is It Worth the Risk?

      Trending Tags

      • Insurance
      • Investing
      • World
        • Markets & Industries
        • Public Economics & Finance
      No Result
      View All Result
      Write for Us
      EconGuru
      • Business
        • All
        • Accounting
        • Entrepreneurship
        • Management
        • Marketing
        • MBA
        Guest Experiences at hotel

        Exceeding Expectations: How Offering Unique Guest Experiences Can Drive Hotel Revenue

        Understanding Performance Reporting for Your Company

        Easy Ways to Ramp Up Security for Your Small Business

        3 Things You Should Know Before You Start a Web Design Firm

        5 Ways to Make Money When You Are Disabled

        5 Business Ideas You Can Run From Anywhere In The World

        5 Best Books to Learn Stocks Trading: Study for Successful Investing

        6 Best Real Estate Books to Get You a Solid Education In Real Estate Investing

        Must-Read 5 Best Business Books For Men And Women Who Love Success!

      • Economics
        • All
        • Basic Economic Concepts
        • Economic Data
        • Economic Mathematics
        • Economics Diagrams
        • Economics Education and Careers
        • Environmental Economics
        • International Economics
        • Macroeconomics
        • Microeconomics
        Crypto Fomo and Panic Selling

        Avoiding Crypto FOMO and Panic Selling: Emotional Control in Crypto Investing

        bitcoin trading

        How to Trade Bitcoin with Only $100 for Beginners: A Complete Guide

        this image describes bear vs bull market.

        Bull vs. Bear Market: 8 Key Indicators to Watch in Crypto Markets

        How to Study for an Economics Exam

        Top 100 Dataset Websites & Sources for 2021

        “Capital in the Twenty-First Century” – a comprehensive master piece on world Economy and the reign of inequality

        Freakonomics: a book for unconventional thinkers and practical millenial economist

        Is the Study of Economics Truly a Science?

        What is Your Contribution to National Income?

        Trending Tags

        • Finance
          • All
          • Basic Financial Concepts
          • Corporate Finance
          • Personal Finance
          Crypto Fomo and Panic Selling

          Avoiding Crypto FOMO and Panic Selling: Emotional Control in Crypto Investing

          bitcoin trading

          How to Trade Bitcoin with Only $100 for Beginners: A Complete Guide

          this image describes bear vs bull market.

          Bull vs. Bear Market: 8 Key Indicators to Watch in Crypto Markets

          decentralised finance defi

          10 Best Tips for Choosing the Right DeFi Platform

          bitcoin

          5 Factors That Affect Bitcoin Prices and Volatility in the Financial Markets

          corporate event speaker

          How To Attract Industry Experts To Speak At Your Next Corporate Event

          Best 4 Personal Finance Software on Amazon

          The best invoicing softwares for small businesses

          5 Best Invoicing Software for Small Businesses

          Cryptocurrency: In Light of the Increased Volatility, Is It Worth the Risk?

          Trending Tags

          • Insurance
          • Investing
          • World
            • Markets & Industries
            • Public Economics & Finance
          No Result
          View All Result
          EconGuru
          No Result
          View All Result

          Home Index Insurance What is an Insurance Claim?

          What is an Insurance Claim?

          Anthony Carter by Anthony Carter
          March 15, 2011
          in Insurance
          0 0
          A A
          0
          Share on FacebookShare on TwitterShare on LinkedinShare on RedditShare on WhatsappShare by Email

          insurance claim formOn the day we need to make an insurance claim it is then that we most appreciate our decision to actually choose a policy. This is when we apply for the benefits of the claim because we are now entitled to them. Just because we make a claim it doesn’t mean that it will automatically be granted; the insurance company might refuse to pay if they believe they have a good reason to do so. If they do decide to pay out then in a lot of cases we won’t see any of the money, but instead it will be given directly to those who provided the service that the insurance covered. For example, if we have health insurance the insurer will usually pay the money claimed directly to the health care facility.

          How to File an Insurance Claim

          You might also like

          6 Basic Components of Car Insurance Policy

          October 9, 2020

          7 Tips for Saving Money on Automobile Insurance

          November 12, 2011

          We will take out an insurance policy to cover certain eventualities such as damage to our property, loss of our property, damage that we cause to other people’s property, and the costs we incur due to health problems. Once we choose a policy we will be expected to make the premium payments each month to keep the policy alive; if we fail to meet these payments then this could invalidate the policy. Sometimes the event we have been insuring against will occur and it is then that we will need to make a claim.

          Once we have decided that we are entitled to benefit from the policy we will make a claim with our local insurance representative. It will be then up to them to investigate if we are entitled to make such a claim before they will agree to pay out. With something like health care costs it will often be that the hospital where we received treatment will make the insurance claim on our behalf.

          Just because we have to right to make a claim doesn’t always mean that we will make such a claim. If we happen to scratch somebody else’s car, or they dent ours, we might just decide that this is minor enough to settle without involving the insurance companies — that way we will hold onto our no claims bonus. The usual outcome will be that the person who caused the minor damage will pay out of their own pocket.

          An adjustor is a representative of the insurance company that will sometimes be sent to investigate the claim. They will be looking for anything that could invalidate the claim and to determine how much money needs to be paid out. When they are finished the adjustor will submit a report.

          The Reasons Why an Insurance Claim Might be Denied

          There are many possible reasons why an insurance claim might be denied. It could be that the event that has occurred isn’t actually covered by the claim, or that there is some evidence of fraud. This is why it is so important that you fully understand any insurance policy you have bought. Another reason why an insurance claim might be denied is that you have failed to meet your side of the bargain; i.e. you have failed to make regular payments.

          Tags: health care facilityhealth insuranceinsurance claiminsurance companyinsurance policy
          Previous Post

          What is a Vision Statement?

          Next Post

          What is a Business Model?

          Anthony Carter

          Anthony Carter

          Anthony Carter currently resides in Fife, Scotland with his wife Lisa, and their three wonderful children. As a senior editor for various publications, if he's not reading and writing, you would find him photographing and traveling to some of the most far-flung locations around the world.

          Related Stories

          6 Basic Components of Car Insurance Policy

          by Arya Miller
          October 9, 2020
          0

          Car insurance is essential for every vehicle. When thinking of purchasing one, you have to know what it consists of....

          7 Tips for Saving Money on Automobile Insurance

          by Yang Yang
          November 12, 2011
          0

          Anyone who has ever had to work for a living and manage the costs of living knows how very important...

          What Is a Deductible?

          by Anthony Carter
          March 4, 2011
          0

          A deductible is something that is most associated with insurance policies. It is important for anyone who is choosing many...

          What is an Insurance Premium?

          by Anthony Carter
          March 1, 2011
          0

          When it comes to insurance one of the most important things to consider is the insurance premium. This is the...

          Next Post

          What is a Business Model?

          What is EconGuru?

          EconGuru

          EconGuru was founded in 2006 by a group of Economics students who are passionate about learning and sharing everything in Economics, Finance, and Business.

          The mission is to improve economic and financial literacy of the general public so people can better understand and react to economic problems and make good financial decisions.

          We have no social profiles on any network, and if you like us, bookmark EconGuru.com or share us with your friends.

          Textbooks

          • Intro to Economics
          • Firms & Industrial Structure
          • Fundamentals of Ecology
          • Economics
          • Macroeconomics
          • Microeconomics
          • Useful Links

          © 2006 - 2022 EconGuru - Your premium guide for Economics, Finance, and Business. Privacy

          Welcome Back!

          Login to your account below

          Forgotten Password?

          Retrieve your password

          Please enter your username or email address to reset your password.

          Log In
          No Result
          View All Result
          Write for Us
          • Banking
          • Books & Textbooks
          • Business
            • Accounting
            • Entrepreneurship
            • Management
            • Marketing
            • MBA
          • EconGuru
          • Economics
            • Concepts
            • Microeconomics
            • Macroeconomics
            • Economic Data
            • Economic Mathematics
            • Economics Diagrams
            • Education and Careers
            • Environmental Economics
            • International Economics
          • Finance
            • Concepts
            • Corporate Finance
            • Personal Finance
          • History of Economics
            • Economists
          • Insurance
          • Investing
          • Markets & Industries
          • Public Economics & Finance
          • World Economy
          • Login

          © 2006 - 2022 EconGuru - Your premium guide for Economics, Finance, and Business. Privacy

          Are you sure want to unlock this post?
          Unlock left : 0
          Are you sure want to cancel subscription?