What to do if the insurance doesn't pay? Tips from the financial expert

What to do if the insurance doesn't pay? Tips from the financial expert

According to a report from www.capital.de, refusing insurance benefits after a claim often has serious financial consequences for those affected. This can occur if the insured event is not explicitly covered in the contract, if there is gross negligence or if errors are made when reporting the damage. In such cases, it is important to check the fine print in the insurance contract and plan the next steps carefully.

If the insurance does not pay, it is advisable to first check the rejection letter and, if necessary, file an objection. If the insurance company does not respond, it is advisable to repeat the damage report in writing and set a deadline for completion. If this is unsuccessful, those affected can contact an ombudsman to obtain out-of-court mediation. In complicated cases, it is advisable to hire a lawyer specializing in insurance law to represent your own interests to the insurance company.

Particular caution is required for damage amounts of 50,000 euros or more, as the insurance company could put its own interests above those of the policyholder. In such cases, it is advisable to seek independent help in order to have the extent of the damage objectively assessed.

It is important that insured persons are clear about their rights and options in order to be able to react appropriately to the rejection of insurance benefits in an emergency. #Topics