Which of the following is NOT a benefit of following property claim procedures?

Following property claim procedures is designed to streamline the claims process, ultimately improving overall efficiency. When organizations implement structured procedures for handling claims, they aim to ensure that items are properly accounted for, significantly reducing the potential for discrepancies. This leads to a clearer understanding of inventory and resources, which is beneficial for both the company and its customers.

Moreover, structured procedures play a crucial role in limiting financial loss. By ensuring that claims are processed accurately and promptly, organizations can recover losses more effectively, thereby protecting their financial interests. Enhancing communication with customers is another vital benefit; clear procedures foster better interaction and transparency, which builds trust and improves customer satisfaction.

However, increasing the time taken for claims processing is not a benefit of following these procedures. In fact, well-defined claims processes are typically designed to expedite the handling of claims, rather than slow them down. Therefore, choosing the option that states it increases processing time accurately identifies what is NOT a benefit of following property claim procedures.