What is a Loss Assessor?
A Loss Assessor in Ireland is a professional advocate hired exclusively by a policyholder to manage an insurance claim. Unlike a Loss Adjusterโwho is paid by the insurance company to minimise their liabilityโa Loss Assessor works to ensure the policyholder receives their best settlement.
Loss Assessor vs. Loss Adjuster: The Main Difference
The fundamental difference is representation: a Loss Adjuster is appointed and paid by the insurance company to protect their interests, whereas a Loss Assessor is an independent professional hired exclusively by you, the policyholder, to secure the optimum outcome.
How Can We Help?
The sole purpose of an insurance policy is to protect you against an insured event. Your insurance company will seek to limit the amount they pay by appointing a Loss Adjuster and a claims handler. While the Central Bank of Ireland requires these individuals to have a high level of training, their function is to look after the interests of the insurer.
Engaging your own qualified, experienced professional ensures that everything covered by your policy is included, documented, and costed fairly. At Premium Claims Consultants, we act in your best interest to navigate the complexities of the claims process so you can focus on recovery.
When can a Loss Assessor help?
We manage all types of property damage claims for homes, investment properties, and commercial buildings, including:
- Fire Damage.
- Damaged Roof due to Storm.
- Ceilings and Floors Damaged due to leaking water tanks or leaking water pipes.
- Damaged Walls or Fences due to Impact Damage.
- Damage due to Leaking Oil Tanks or Central Heating Burners.
- Smoke Damage due to Fire.
- Damage due to fire in a neighbouring property.
- Damage to contents or stock.
- Business Interruption Claims.
Based in Limerick, we help homeowners and businesses right across Ireland. See the areas we cover.
Why have your own Loss Assessor?
Your own Loss Assessor is your essential partner when it comes to navigating the complexities of insurance claims. From day one, we document every item of damage, check exactly what your policy covers, and deal with the insurer's Loss Adjuster for you, so you can focus on getting your home or business back to normal.
Technical Expertise in the Claims Process.
One of the major difficulties for policyholders is navigating technical terms. Our expertise ensures your interests are protected regarding:
Recovery and Subrogation Rights: If a third party caused the damage, insurers may pay you and then pursue that party. We ensure your rights are protected so you can recover uninsured expenses during this process.
Underinsurance: If your property is undervalued, it can significantly reduce your payout. We identify these risks early to mitigate the effects.
Insured Perils: We verify the precise perils covered. For example, under โEscape of Water,โ a leak from shower seals may be excluded, but a leak from a cracked tray is often covered.
Declinatures: Fighting a claim that is in danger of being declined takes significant technical expertise to reverse an insurerโs decision.
Who pays a Loss Assessor?
You appoint and pay your Loss Assessor yourself, not your insurer. That's what keeps us independent and working only for you. Our fee is agreed with you at the start, so there are no surprises. See our Loss Assessor Fees page for a worked example.
Not sure whether you need a Loss Assessor? Call us on 061 311266 and we'll talk it through.
Contact Premium Claims Consultants
Premium Claims Consultants is a leading Property Damage Loss Assessor providing services throughout Ireland. Contact us at 061 311266 or info@premiumclaims.ie.
Frequently asked questions
A Loss Assessor in Ireland is a professional advocate hired by the policyholder to manage their insurance claim, ensuring they receive the best settlement possible. They handle all aspects of the claim, from inspection to final settlement, and work solely for the policyholder.
A Loss Assessor works for the policyholder to maximize their claim settlement, while a Loss Adjuster is paid by the insurance company to minimize their liability. The Assessor advocates for the policyholder's interests throughout the process.
A Loss Assessor will assess and document property damage, advise on policy coverage, and negotiate with insurers to secure a fair settlement. They handle claims for homes, investment properties, or commercial buildings.
As soon as possible after the damage, ideally before you agree anything with your insurer's Loss Adjuster. Make the property safe, take photos of all damage, and keep damaged items until they've been assessed.
Yes. As a policyholder you're entitled to appoint your own Loss Assessor to manage your claim and represent you in dealings with your insurer.
Loss Assessors should be regulated by the Central Bank of Ireland, and you can check any firm on the Central Bank's public register. Premium Claims Consultants is regulated by the Central Bank of Ireland.
In most cases, yes. It's better to involve us early, but we can often step in part-way through a claim, including where you're unhappy with the offer or your claim is at risk of being declined.