When it comes to insurance, most people are vaguely aware that it’s a good idea to have it. But beyond that, there are a lot of different details to look into to make sure that you aren’t surprised if something happens where you actually have to make an insurance claim. Ideally, you’ll never have to claim anything. You’ll live a life where no catastrophic incident occurs, and will happily have put into your financial safety net without ever having to take anything out.
However, that’s not always the case. And if you do have to make an insurance claim, it’s important to know how major disaster coverage works, how specific cases are handled, what the time to pay-out is going to be, and how the dynamic between insurance companies and the insured typically works.