Riskinõue

Riskinõue is an Estonian term that translates to "risk claim" or "insurance claim." It refers to the demand made by an insured party to an insurance company for compensation or indemnity following a loss or damage covered by their insurance policy. This process is initiated when an event, such as an accident, natural disaster, or theft, occurs that is stipulated as a covered peril in the insurance contract.

The filing of a risk claim typically involves the insured party submitting a formal notification to the insurer, often accompanied by documentation to support the claim. This documentation may include police reports, medical records, repair estimates, or proof of ownership, depending on the nature of the claim. The insurance company then undertakes an investigation to assess the validity and extent of the loss, verifying that it falls within the terms and conditions of the policy.

Once the investigation is complete, the insurer will determine whether to approve or deny the claim. If approved, the amount of compensation is calculated based on the policy's coverage limits, deductibles, and the assessed value of the loss. If the claim is denied, the insurer must provide a clear explanation for their decision. The risk claim process is a fundamental aspect of the insurance relationship, providing a mechanism for policyholders to recover financial losses.