What should a policyholder do in the event of a claim?

In the event of a claim, the policyholder should report the claim to the insurance company as soon as possible. This is important because many insurance policies have specific time limits for reporting claims. Prompt reporting allows the insurance company to begin the investigation process and properly assess the situation, which can lead to a quicker resolution and payment of the claim. Additionally, timely reporting helps ensure that all relevant facts and evidence are intact, which facilitates a more accurate and effective claims process.

Waiting for the company to reach out or delaying the report may result in complications, including potential denial of the claim if it's determined that the delay has prejudiced the insurer's ability to investigate or respond to the situation appropriately. Therefore, taking immediate action by contacting the insurance company is the best practice for policyholders when faced with a claim.