Cause Insurance Claim Denied

Cause Insurance Claim Denied

Causes of Denied Insurance Claims - Insurance Claim Denied By Insurance Company. Often we hear about it, so that not a few people who are antipathetic to the insurance company, because they do not want the momen vicariously.
 
Hope someone buys an insurance policy is in order to receive the benefits of the insurance products that are purchased when needed, thus avoiding himself or his family from economic hardship. However, it is not uncommon life insurance companies will refuse to pay insurance claims filed
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The following are the 3 most common reasons an insurance company to deny a claim tipes of life insurance :

1. Suicide, When the insured dies by suicide, while still in a period kontestabel (one or two years since the policy was published), the insurance company has the right to refuse to pay the sum assured.

2. Hurting Yourself, At the accidental death insurance (accidental death), there is usually a clause that excludes injury caused by the act of " self-mutilation ". Insurance companies may reject claims accident deaths are caused by speeding on the highway on the grounds that it is an action racing " self-mutilation ".

3. Material Misrepresentations, is an honest statement issued at the time of submission of the application process (underwriting), which the insurance company and the insured does not reject the application for issuing the policy. Misrepresentations can be deceitful statement about his health history, age, occupation, hobbies of the prospective insured. As with suicide, misrepresentation can only be used as a reason for rejecting the claim occurred during kontestabel when and only when dealing with death. For example, if the insured does not claim to have a dangerous hobby at the time of application but apparently later died while doing a hobby that is associated with the dangerous hobby.