Claim Short-settled
What is a Short Settled Claim?
A short settled claim occurs when an insurance company pays out less than the full amount claimed by the policyholder. This can happen for various reasons, some of which are:
The claim amount exceeds the maximum coverage limit specified in the policy.
The deductible amount is subtracted from the claim.
Only part of the claimed loss is covered under the policy terms.
Incomplete or inadequate documentation supporting the claim.
Differences in the valuation of the loss or damage between the insurer and the policyholder.
In such cases, the policyholder receives less money than expected, leading to financial shortfalls. At Insurance Claim Madad, we help solve this problem by reviewing your settlement details, understanding the reasons provided by the insurer, and providing expert advice to challenge the settlement if necessary. Our dedicated team is committed to ensuring you receive the full amount you're entitled to.