Your Loss Assessor plays a crucial role in the claims process for you the policyholder. Loss Assessors are the principal advisers and representatives of the policyholder when dealing with property damage claims. They always advocate for you the policyholder and never the insurance company.
What is a Loss Assessor?
Loss Assessors are independent professionals engaged by policyholders to help them navigate the insurance claims process. The role of the Loss Assessor is to ensure that the policyholder receives the best settlement possible within the terms of the insurance policy. They work on behalf of the policyholder rather than the insurance company. A Loss Assessor in Ireland will advise on and handle all aspects of the insurance claim, from initial inspection and reporting to final settlement. Also known as Property Loss Assessors they will handle all of the negotiations on your behalf taking this stress away from the policyholder. Loss Adjusters, Claims Managers and Claims Handlers will work exclusively for the insurance company and never represent the policyholder. Terms like Insurance Assessor or Claims Assessor can be used to refer to individuals either representing the policyholder or the insurance company depending on the context.
When can a they help?
Property Damage Loss Assessors in Ireland will normally deal with all types of property damage claims whether to your home, residential investment property or commercial building, some examples of Insurance Claims are as follows:
- 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.
More information on why to use a loss assessor:
What is a Loss Assessor?
They are your essential partner when it comes to navigating the complexities of insurance claims. They ensure that all damage is documented, which is crucial for your claim. Their expertise in understanding policy terms and negotiating with insurers can significantly enhance your settlement outcome. By having your own advisor on your side, you gain peace of mind knowing that a professional is handling the intricate details of your claim, allowing you to focus on rebuilding and recovery.
Loss Assessors – Technical Expertise.
One of the major difficulties encountered by policyholders is navigation the technical terms encountered in the claims process. Some examples are as follows:
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Recovery and Subrogation rights.
Knowledge of when your insurer may wish to recover their outlay from third parties is important. With the correct advice and guidance your interests will be protected in the recovery process.
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Underinsurance
Understanding how underinsurance affects you claim is vital and when it is clarified steps can be taken to mitigate the effects. In order to avoid underinsurance advice of the correct value at risk is important.
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Insured Perils:
The precise perils covered in your policy is important. Under the Escape of Water Peril for instance leaks from your shower seals is not normally covered, but a leak from a cracked shower tray may be.
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Declinatures:
Fighting claims which are in danger of being declined takes significant technical expertise. It is important to make the correct arguments to allow insurers reverse a previous decision. Understanding the policy in sufficient detail is may be too much of an ask if you have rarely had a claim before.
For additional information go to premiumclaims.ie .
Premium Claims Consultants are a leading Property Damage Loss Assessors we provide a Loss Assessing Service throughout Ireland.
Premium Claims Consultants can be contacted on 061 311266 or info@premiumclaims.ie