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Customer behavior when claim occurs, Principles of Insurance Video Lecture | Principles of Insurance - B Com

49 videos|51 docs|14 tests

FAQs on Customer behavior when claim occurs, Principles of Insurance Video Lecture - Principles of Insurance - B Com

1. What is customer behavior when a claim occurs?
Ans. Customer behavior when a claim occurs refers to how customers react and respond when they need to file a claim with their insurance company. This can include their actions, emotions, and attitudes towards the claims process.
2. How do customers typically behave when they experience a claim?
Ans. When customers experience a claim, they may feel stressed, frustrated, or anxious. They may also have concerns about the outcome of their claim and the potential impact on their financial situation. In terms of actions, customers usually contact their insurance company to report the claim and provide the necessary documentation and information.
3. What are some common customer expectations during the claims process?
Ans. Customers often expect their insurance company to handle their claim promptly and efficiently. They may also expect clear communication and updates throughout the process. Additionally, customers may expect a fair and satisfactory resolution to their claim, including appropriate compensation for any damages or losses.
4. How can insurance companies meet customer expectations during the claims process?
Ans. Insurance companies can meet customer expectations during the claims process by providing transparent and timely communication. This includes acknowledging the claim, providing regular updates, and addressing any concerns or questions the customer may have. Additionally, prompt and fair claim resolution, along with efficient claims handling procedures, can help meet customer expectations.
5. What factors can influence customer behavior during a claim?
Ans. Several factors can influence customer behavior during a claim. These may include the customer's previous experiences with the insurance company, their level of trust in the company, the complexity of the claim, and the perceived fairness of the claims process. External factors such as the severity of the loss and the customer's financial situation can also impact their behavior.
49 videos|51 docs|14 tests
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