How Do Loss Assessors Help With Insurance Claims?
When you suffer a loss and need to file an insurance claim, the process can be complex and overwhelming. This is where loss assessors come in – they act as your advocate throughout the claim process. How do loss assessors help with insurance claims? Let’s explore their role and the benefits they provide.
What Does a Loss Assessor Do?
A loss assessor is an independent professional hired by the policyholder (you) to evaluate the loss, prepare a comprehensive report substantiating the claim value, and negotiate with the insurance company to ensure you receive a fair settlement. Their primary responsibilities include:
- Investigating the cause and extent of damage through site inspections
- Providing a detailed inventory and valuation of lost or damaged property
- Preparing and submitting the claim paperwork to the insurance company
- Negotiating the best possible settlement on your behalf
- Overseeing the claims process from start to finish to protect your interests
How Is a Loss Assessor Paid?
Loss assessors typically work on a contingency fee basis, which means their fee is a percentage of the final settlement they secure for you. This percentage can range from 10-15% depending on the complexity of the claim. You pay nothing upfront – the assessor’s fee comes out of the settlement amount paid by your insurance company.
How Does a Loss Assessor Differ From an Insurance Adjuster?
It’s important to understand that loss assessors and insurance adjusters have fundamentally different roles. An insurance adjuster is hired by and works for the insurance company to evaluate and minimize the claim payout. In contrast, a loss assessor solely represents your interests as the policyholder to maximize your rightful claim amount.
When Should I Contact a Loss Assessor?
Policyholders often engage loss assessors when dealing with large, complex claims or if they feel their insurance company is undervaluing their loss. Their expertise is invaluable for commercial claims, business interruption losses, claims involving disputes or coverage issues, and high-value property claims.
What Kind of Claims Can a Loss Assessor Help With?
Loss assessors can assist with a wide range of insurance claims, including but not limited to:
- Property damage from fire, storms, floods, impacts, etc.
- Business interruption and loss of revenue claims
- Theft, burglary, and robbery losses
- Professional indemnity and liability claims
- Construction and contract works claims
- Marine, cargo, and transit losses
Loss Assessor Dublin
Insurance Claim Solutions is a leading loss assessing firm based in Dublin, Ireland. With over 25 years of combined experience, their team of chartered loss assessors provides professional representation for commercial and residential policyholders across Dublin and surrounding areas.
From initial loss evaluation to final settlement, Insurance Claim Solutions guides clients through every step of the claims process. Their deep expertise spans property damage, business interruption, liability, construction, and various specialty claims.
Insurance Claim Solutions takes pride in their strong track record of maximizing claim settlements and ensuring policyholders receive their full entitlements. Their commitment to Client-focused service and ethical practices has earned them a stellar reputation in the Dublin insurance community.
If you need assistance with an insurance claim, consider engaging the expertise of Insurance Claim Solutions’ loss assessors. Their professional representation can grant you peace of mind and ensure you obtain the best possible outcome.