What Happens When A Professional Liability Insurance Claim is Filed Against Engineers And Architects
An insurance claim is a request for payment made by the claim-holder to an insurer. When something unforeseen happens that the policyholder is covered for, an insurance claim is filed to the insurance company. Usually, the insurance company requests documentation from the policyholder concerning the associated events to verify the claimant’s account.
If the policy says they are covered in such an instance and the insurer is satisfied that the claim is legitimate, then the insurance company offers a payment estimate based on the details of the coverage plan.
The first step in making an insurance claim is to contact your insurer to get a claim form. Fill out the form and attach your documents of proof, making sure that you have made copies of all documentation in the event that your claim gets lost.
An adjuster at the insurance company will then review your situation and gives an estimate of the settlement amount. It is the adjuster’s job to make a fair settlement for your claim. While you may use the insurance company’s own adjusters, it is possible to hire one on your own. If your claim is too expensive, a claims examiner may be called in to examine your claim in finer detail, reviewing your documentation and interviewing any relevant parties. Examiners may pass the claim on to insurance investigators who will further assess your claim. At the end of this process you will receive an insurance claim estimate.