Claiming Process under Contractors All Risk Insurance
Follow the steps below to raise a claim under Contractors all risk insurance for Stadium:
- Step 1: As soon as the insured party becomes aware of a loss or damage to the stadium, they should notify the insurer immediately.
- Step 2: The insured party should take photos and document the extent of the loss or damage to the stadium.
- Step 3: The insured party should submit a formal claim to the insurer, which should include details of the loss or damage and any supporting documentation.
- Step 4: The insurer may send a representative to inspect the stadium and investigate the cause of the loss or damage.
- Step 5: The insurer will assess the claim and determine the amount of compensation to be paid. The insured party may need to provide additional documentation or information to support the claim.
- Step 6: Once the insurer has approved the claim, they will pay the insured party the agreed amount of compensation.