Claim Settlements: Staking Your Claim

2007-03-08 10:33:40

( Insurance )



TWO TYPES OF CLAIMS

Claim settlements may either refer to the act of making an insurance claim like a life insurance settlement or a health insurance claim. Usually in this case, the claim settlements are made because an event took place that makes you eligible for making such claims. An example is when you are the beneficiary of a life insurance and the insured has passed away. In this case, the insurance company will then process your claim, make the necessary case investigation, and then release the money.

The other form of claim settlements refers to lawsuits that involve liability. Usually, this involves personal injury or wrongful death cases. In this case, the injured party will make a claim by filing a lawsuit.

PROTECTING YOURSELF

If you are the injured party, your first option is to file for claim settlements directly to the liable party. If they do not entertain your claims, or if you feel that the amount they are offering is too small for the injuries you have sustained, then it is only proper that you go to the proper courts and make your claim there.

If you are making claim settlements against a big company, chances are they have lawyers to handle the case and make sure that you receive as little compensation as possible. To counter this and better your chances at getting your just dues, you are advised to have your own lawyer to make sure that you are getting the best representation in light of the circumstances. If you feel that you cannot afford a lawyer, you can approach the courts for options in this regard.

Either way, claim settlements refer to the act of staking a claim against something which you have a moral and legal right over. Whether it be an insurance claim or a claim for damages, claim settlements is a process wherein your rights are protected and upheld.


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