Insurance Basics: The Non-Waiver Agreement
Claiming for insurance is not a walk in the park as suggested by many people who had firsthand experience in dealing with their insurance companies and adjusters. Because of this, it is a must for all insurance claimants, especially first-time claimants, to know the basics of claiming for insurance payments. They should know that when their adjuster commences with the investigation of the claim, proper procedures should be done and completed. It is not unusual for the adjuster to be skeptical about the claim at one point as it is his job to carefully determine whether or not the claim is valid. There are certain instances wherein the adjuster may question the coverage covering the claim. Some claims do not meet the coverage of their insurance policy, which makes them invalid for insurance payment. When the adjuster questions the coverage, he will likely ask the claimant to sign a non-waiver agreement, which acknowledges that a coverage question arises....