FAQs About Electronic Claims

5/10/2022 (Permalink)

Electronic Claims Frequently Asked Questions

Getting paid promptly is a concern for many business owners who need to file an insurance claim. One way to speed up this process is to use electronic claims. This gives you a more streamlined process so you can focus on hiring a disaster remediation company and getting your business back to normal.

Why Should You Submit Claims Electronically?

Filing an insurance claim electronically has many benefits. These include:

• Minimal disruptions to your cash flow
  
• Track claim status
  
• Increased accuracy and fewer claim rejections
  
• Less paperwork
• Decreased time spend filing

How Do You Submit Them Electronically?

There are several options for submitting an insurance claim electronically. The most common are full- and self-service claim systems. A full-service system has you submitting your documents through a third-party provider. You are only required to submit your policy and loss information, and the claim will be generated for you.

A lot of business owners worry about the cost of using one of these services. However, submitting your claims through a full-service electronic provider is not terribly expensive. Instead, they take a small percentage of your claim money.

An alternative is to use the self-service claim system, which means submitting your claim to your insurance company through a customer portal. Most insurance companies today have their own software, so this is a free option. However, even though you submit your documents through this portal, you may still need to have an adjuster visit your site and inspect the damage.

Whichever method you choose, you will still be able to receive your funds quickly, so you can hire a restoration company, such as SERVPRO, and start restoring your business in Kiawah Island, SC.

Submitting a claim to your insurance agent electronically can speed up the process of getting paid after your business faces a disaster. It is a convenient method that has many benefits and can be completed in different ways.