Question

Joshua insured his vehicle against theft, later the vehicle was stolen in a packing bay. Outline the procedure he would follow when making insurance claim for his vehicle.

Answer 1

1. Notify the insurer
2. Filling a claim form
3. Investigation/assessment of the claim
4. Assessment report
5. Compensation/payment

Answer 2

Notify the insurer immediately the risk insured against occurs
Filling a claim form which is issued by the insurer
An investigation is carried out concerning the claim
After the claim is considered valid there preparation of the assessment report
Payment of the claim