When should an insurance claim be received?

Answer 1

Insurance claims should be asserted "as soon as practicable", which is the term usually used in the policy. This means, ASAP given all of the circumstances.

Among the problems caused by delay, and which can result in the denial of the claim, is that the insurer is not given enough time to investigate the circumstances of the claim. Another is that the insurer may determine that another person or entity is At Fault for the loss. Even if the insurer pays the claim of its insured, it has the right to recover its payment from the wrongdoer through the process of subrogation. The fast report of a claim will help ensure the preservation of evidence (material evidence, pictures, witness statements, etc.) that may assist in the subrogation claim.