Term to claim life insurance

By default, the deadline for reporting a claim is seven days after it is known, unless otherwise specified in the policy. Specifically, article 16 of Law 50/1980, of October 8, on Insurance Contracts says:

The policyholder or the insured or the beneficiary must notify the insurer of the occurrence of the accident within a maximum period of seven days of knowing it unless a longer period has been established in the policy. In case of non-compliance, the insurer may claim damages caused by the lack of declaration.

This effect will not occur if it is proven that the insurer was aware of the claim by other means.

The policyholder or the insured must also provide the insurer with all kinds of information about the circumstances and consequences of the accident. In the event of a violation of this duty, the loss of the right to compensation will only occur in the event of intent or gross negligence.

But seven days fly by, even more so when we are talking about life insurance, especially if it is about claiming compensation as a beneficiary of death coverage. And if to top it off, you have to add the time you need to check if the deceased had any life insurance to all the steps, the time period seems almost ridiculous. Fortunately, there is much more time to apply for life insurance compensation.

What to do to find out if you are a beneficiary of life insurance

To begin with, if a close relative dies and you are not very sure whether or not they had some type of insurance, you must request a certificate of death coverage insurance contract, which is the document that certifies the current contracts in which the insured person was listed. deceased person and with which insurance company. This certificate, which depends on the Ministry of Justice, presents model 790 in person, by mail, or online. The request may not be submitted until after 15 business days from the date of death.

We must bear in mind that the legal effect of breaching the declaration in the policy implies that the insurer may claim hypothetical damages caused by the lack of communication. Rejected Life Insurance Claim, this makes sense, for example, in home insurance where there is moisture and it is not reported when it is discovered, so each day that passes without the insurer intervening, the damage can worsen.