Loss Assessors vs Loss Adjusters
Loss Adjusters Work For Your Insurance Company Not You!
Usually most people take out insurance policy cover to mitigate risk against any kind of incident that causes damage to their property. Should a calamitous event incur that results in damage, the person should be covered by the insurance provider in most normal cases.
But sometimes it is quite difficult to get a fair payout from an insurance company. This is because they may try to scale down the incident’s resultant damage so they can pay out much less money than the “full” monies legally due to the client.
After a person files a building insurance claim with their insurer, the insurance company will normally call on the services of a loss adjusting professional whose job is to evaluate the loss to their home.
After this inspection has been carried out, the loss adjuster will send a claim report to the insured person’s insurance provider detailing the scope and extent of damage caused and also the sum of money that should be used as the target settlement for the claim.
In essence, the loss adjuster acts in the interests of the insurance company who employ him. A good loss adjuster in the eyes of an insurance company will always seek to minimise the prospective claim payouts their insurance company employer is seeking to settle against.
So to avoid a low insurance claim payout, you can actually work with an independent loss assessor who deals with your insurance company on your behalf. Loss assessors like Cherry and Griffiths primary function is to ensure that their client receives the optimal payment covering all the damage and loss experienced as covered by all the clauses outlined in their insurance policy.
You can find out more about their loss assessors services here:
Cherry and Griffiths Loss Assessors and Claims Consultants
The Packet House
0844 822 3623
While the insurance provider’s loss adjuster records all the obvious damage, your loss assessor researches your insurance coverage policy clauses and utilises them to obtain a full, fair and reasonable settlement against your claim For example, should a flood have affected the building, a loss assessor will be responsible for identifying all hidden damage and seeking quotes for remedial work from restoration contractors.
Insurance providers have also been known to “drag out” their admin processes and paper work required to resolve your claims. On the other hand, loss assessors that have decades of experience can be of great assistance helping you with your claims submission.
They help you right from the moment the flood, fire or burglary damage takes place on your property and remove all the stress you might otherwise have to bear if you settled the claim yourself. But most important of all they do all the negotiating with your insurance company!
When it boils down to designating insurance policy liability, each type of damage normally falls under a specific policy clause outlining the risk and cover for that particular condition. In these situations, differences of opinion between loss adjusters and loss assessors can occur!
An insurance loss adjuster will certainly view the case in terms of the savings they can make for the insurance company. However, a loss assessor evaluates each case in line with replacement costs at prevailing market prices. They never think about cost reduction for the insurance company, only claims settlement maximisation for their client.
At the end of the day, a lot of insurance company’s loss adjusters are often viewed as the claimant’s “hidden opponent” and that only a skilled loss assessor can negotiate with them to obtain a fair minded legal settlement against their client’s claim.