Fraud Bond Claims Help

The financial institutions bond responds to a wide range of fraud losses discovered during the policy period. The bank usually has sixty days from the discovery of the event to report the loss to the insurance company.

Under most policies, if a claim is greater than 50%  of the deductible amount, the claim must be reported to the insurer.

You have six months from discovery to file a proof of loss with your insurer.

I normally recommend bringing your insurer into bond claims quickly. While you may be experiencing a specific type of claim for the first time, your insurer has dealt with such issues hundreds of times. The claims department of your insurance company can save you many hours and a great deal of frustration. The department can also help you “plug the leaks” so that further losses are minimized.