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Tips for Filing a Successful Microinsurance Claim


Microinsurance can help you a lot in the long run. Regardless of your needs and sudden expenses, they may provide you with a well-needed cushion, especially in times of emergencies and calamities. Getting a very reliable microinsurance package is one thing, but filing a successful insurance claim afterwards is another. No need to worry, as we’ve enumerated a few tips in order for you to achieve a successful claim:

1. Be aware of your coverage.

Yes, you have a general idea of your microinsurance package, but have you read everything in the document and contract? Know the ins and outs of the paperwork, and never hesitate to ask and clarify anything written that isn’t clear to you. Ask which are included in your claim and which aren’t. Knowing all this would allow you to upgrade your coverage if you ever feel that it’s still lacking. It’s better to fix everything now than to realize that not everything will be covered later on. This would save you a lot of money and hassle.</span.

2. Study and review your microinsurance policy.

May it be your home, your vehicle, or your business, you must be aware of the policies that are included in your microinsurance. Doing so would reduce the amount of questions you’d have afterwards. You would also be aware of any possible loopholes or technicalities that may hinder your claim afterwards. This will also help you avoid any pitfall or wrong move which may deem your claim invalid.

3. Get professional help.

At the end of the day, insurance representatives are your allies. They would know every detail regarding the microinsurance itself, which is why you must inquire about all of the pre-requisites and documents which may come in handy later on. Ask them the things to avoid and the must-dos before, during, and after a life occurrence that may trigger you to avail the claim. Ask them too about the various ways which may possibly ease and speed up a microinsurance claim process.

4. Always keep a visual record of your properties.

Pictures speak a thousand words, they say. They may also help you with your microinsurance claim. It isn’t enough to keep a written inventory of your items, valuables, and properties; you also got to have a clear visual representation for each one. It would provide your chosen insurance company a clear evidence of your purpose for a claim application and, hopefully, convince them of an immediate action within the process.

5. Submit complete requirements.

We had mentioned this once already, and we shall mention them again. Prepare all the needed documents for your claim. Once complete, submit them all. The insurance representatives would definitely want to look into the whole situation and analyze your claim application. Giving them an incomplete set of documents would only delay and hinder your microinsurance claim, thus, lengthening the whole process.

With all of these in mind, you may definitely want to weigh in your options, analyzing which establishment would be best for availing a microinsurance premium and coverage. Look no further than Cebuana Lhuiller’s Microinsurance Services, affordable insurance products to help Filipinos avail of financial services and privileges that higher-income earners have easy access to, with innovative microinsurance products and services that promise to minimize impact of distress and misfortune on one’s financial position. Feel free to visit your nearest branch in the Philippines for more information.

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