Claim negotiation

Claim negotiation is the process where an insured individual and an insurance company discuss and agree on the amount of compensation for a covered loss or damage. When a claim is filed, the insurer reviews the details and may offer a settlement. The policyholder can then negotiate to reach a fair amount that adequately covers the loss. This process involves communication, assessment of the claim’s validity, and sometimes adjusting the settlement based on evidence or policy terms. Effective negotiation ensures both parties reach a mutually acceptable resolution, fairly compensating the insured while aligning with the insurer’s policies.