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 event vicariously .

Hope someone buys an insurance policy is in order to receive the benefits of the insurance products that are bought when needed , thus avoiding himself or his family from economic hardship . But not infrequently life insurance company will refuse to pay insurance claims filed .

The following are the 3 most common reasons an insurance company to deny a claim types 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 . Injuring Yourself , At the accidental death insurance ( accidental death ) , there is usually a clause that excludes injury caused by the act of " self-mutilation " . The insurance company can reject claims of accident deaths are caused by speeding on the highway on the grounds that the act of speeding is " self-mutilation " .
3 . Material Misrepresentations , is an honest statement issued at the time of filing of the application process ( underwriting ) , which the insurance company rejected the insured and policy issue . Misrepresentations can be a revelation lie about their 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 has not declared a dangerous hobby at the time of application but apparently later died while doing a hobby associated with the dangerous hobby .