Do insurers try to find reasons not to pay?
The principle is to go back in time… What would our terms have been if we had this information? Would one expect a reasonable person to have disclosed? Is it material to the issuing of the policy?Dr Maritha van der Walt, Asisa
Van der Walt discussed five things consumers need to know about life insurance.
Why do we need long-term insurance cover like death, disability and critical illness cover?
What is underwriting and why is disclosure so critically important?
What is a fully underwritten policy and why is this the best cover to buy?
How does the claims process work?
Do insurers genuinely exist to pay honest claims or do they try and find reasons not to pay?
Listen to the interview in the audio below.
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This article first appeared on 702 : Do insurers try to find reasons not to pay?
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