Filing a claim for an 831(b) Plan can be done through Cardinal Point Insurance. In the event of a claim, the 831(b) Plan functions similarly to a traditional insurer, adjusting and then paying out the claim. An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event. The insurance company validates the claim (or denies the claim). If it is approved, the insurance company will issue payment to the insured.
Claims can be submitted online using the claim form. Once the claim form is submitted, the claim will be opened. Cardinal Point Insurance will contact the policyholder in the next couple of business days to begin the claim process.