Ever wondered what happens after you file an insurance claim? 🛡️
In this Short, we break down the 7 key stages of the insurance claim lifecycle—the journey from the initial report to final closure .
What you’ll learn in this roadmap:
- First Notice of Loss (FNOL): Reporting the loss to the insurer
- Claim Assignment: Handing the file to an adjuster
- Claim Adjudication: Verifying coverage, liability, and eligibility
- Claim Financials (Reserving): Setting aside funds for expected costs
- Evaluation & Negotiation: Determining value and settlement terms
- Claim Recovery: Reclaiming costs through subrogation or salvage
- Claim Closure: Finalizing and closing the journey
Master the process and know what to expect! 📝
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