If you were affected by the Kerala floods, you may be busy putting back your life in order now that the floods are receding. But it’s also important to assess the damages to your assets and file your insurance claim soon to avoid rejection due to delayed filing. Though the Insurance Regulatory and Development Authority of India (Irdai) has asked insurers to expedite the settlement of insurance claims with minimal paperwork, it is only wise to approach your insurer before it gets too late.
“Claims reported immediately receive priority on account of special arrangements made by the insurers and repairers in terms of deployment of additional resources and spares,” said Amitabh Jain, head of motor and health, underwriting and claims, ICICI Lombard General Insurance Co. Ltd.
