No one likes filing insurance claims. But when an incident occurs, it’s a necessity, one that you need to do as quickly as possible for your benefit.
Why you should practice prompt claims reporting
- It costs less
Overall, claims submitted as soon as the incident occurs tend to cost less in the long run. In addition, your insurance representative may be able to make recommendations that can help you reduce further loss in the situation. - Better evidence collection
If you wait to report a claim, it’s highly likely that witnesses to the incident may start forgetting details that could be to your benefit. Or it becomes difficult to collect reliable data and evidence to support your claim. - Faster resolution
It’s important to report claims as soon as possible so that your insurance company can act quickly on your behalf. The sooner a claim is reported, the faster you can get to a resolution.
Take advantage of real-time reporting capabilities
Reporting a claim does not mean that you’re admitting fault. On the contrary, you are protecting your interests because you can’t rely on the other party to make sure they file a claim.
So, the faster you can get the claims investigation started, the better it is for you. That’s why real-time claims reporting, like what we offer at ClaimsMaid, is a critical asset. Plus, as McKinsey notes, the efficiency from prompt claims reporting through digital sources can reduce claim expenses by 20-30%, which can be of benefit to you.
If you ever need to report a claim (and we hope you don’t but if you have to), use ClaimsMaid to ensure fast, real-time, and effective insurance claims reporting