Dealing with a total and permanent disability can be a life-changing experience. This is especially true if it affects your ability to provide food on the table and financially support yourself and your family. Because of these circumstances, your superannuation or TPD (Total and Permanent Disability) insurance policy may help.
If you believe you’re totally and permanently incapable of working due to a disability, you may be eligible to bring a TPD claim. It refers to a legal process of seeking financial support for your disability or illness to live a financially secure life. However, the claims process can be complicated and lengthy. Without proper knowledge and preparation, you might compromise your chances of winning your claim.
This article will get a read-through of the four tips for a successful TPD claim.
Understand Your Policy Thoroughly
If you want to have a successful TPD claim, it’s essential to understand your insurance policy thoroughly. One of the primary reasons for claims denial is your failure to know and understand your policy’s definition, eligibility requirements, and allowances.
Typically, if you have a better grasp of some policy variations, you may increase your chances of having a winning claim. For example, some TPD insurance policies may require you to receive ongoing treatment and rehabilitation before you qualify. In addition, pre-existing medical conditions may be excluded from some guidelines. This means you may not win your TPD claim if you have a condition before signing the policy.
Due to these policy variations, it’s crucial to understand your TPD policy to guarantee a favorable outcome for your claim. To help you get familiar with the fundamentals of Superannuation Compensation & TPD Claims, you can check some reputable law firm websites for more information.
Make Sure You Are Qualified To File A Claim
You can’t win your TPD claim if you’re ineligible. Hence, you should get familiar with your eligibility requirements to ensure a successful one. These can include:
You’ve sustained a disability due to injury or illness.
You’re less likely to return to work in ‘your’ and ‘any’ occupation.
You must have a minimum of one year of work experience.
You should have ongoing medical care because of your injury or illness.
To win your TPD claim, ensure that the above-mentioned eligibility requirements are satisfied. But, to do so, you may need the assistance of an experienced lawyer to assist you with the process. They can check your TPD insurance policy and see if you’re eligible to receive the benefits.
If you need more information about these claims and how they work, you can watch this video or browse through reliable resource materials online.
Prepare Your Application Including The Evidence To Support Your Claim
Like other insurance claims, your TPD claim also won’t be successful without the necessary paperwork. Most insurance companies deny claims due to incomplete or inaccurate paperwork. Hence, to improve the odds of having a successful TPD claim, make sure to prepare a thorough application, including all the pieces of evidence needed to substantiate your claim.
When putting together the necessary documents, it’s crucial to provide all the details about your disability, insurance policy, and other relevant information. If you fail to substantiate your claim, your insurance carrier might drag out your application, which jeopardizes your chances of financial recovery in the long run.
Moreover, your TPD claim should be supported by evidence aside from a complete application form. These can be anything that proves your disability and inability to work due to that condition. Some common evidence can include medical reports, employment records, tax papers, and other forms of documentation. You can consult a lawyer to help you acquire the evidence you need to substantiate your claims.
Reach Out To Your Insurer
After you’ve submitted your application, it’s essential to get in touch with your insurance company from time to time to follow up for a decision. Insurance providers sit on your TPD claims in some cases, especially if nobody asks for an update. For example, they might hand your application over to a new claims officer, again and again, leading to more delay and other problems.
Thus, to avoid this situation, ask your insurer for timely updates about your claim. That way, you can urge them to make a decision as quickly as possible. This can also boost your chances of getting a successful claim and recovering the right amount of compensation.
Navigating a TPD claim is never easy. If you make even a single wrong move, you can compromise your ability to ensure a more positive outcome for your insurance claim.
Therefore, keep the preceding information in mind, and you’ll be in the right direction. The more you know what to do to handle the process, the more you can strengthen your claim and get the financial support you support in time.