Generally, whenever you present a claim on your insurance policy after any loss, you are informing the insurance company that you have suffered a loss or damage that you believe is covered by the policy and you are requesting a compensation for the loss.
Once you have prepared the claim, the insurer will review the claim and check if the accident or circumstances are risk covered by the policy and you need to provide a proof that the claim is genuine. Also, you need to ensure that the claim satisfies the terms and conditions of your insurance policy. Since the terms and conditions of the insurance company look complex and confused sometimes, you need to follow and satisfy their guidelines accordingly.
Who is a Loss Assessor?
This is the situation where you need a Loss Assessor for your damage. The Loss Assessor works on your behalf. When you approach the loss assessor, he will evaluate the accident or loss that has affected the insured property. He would check the monetary value of the damaged property, evaluate it and decides if they are claimable. He will collect the evidence and related information, makes a report of the case and sends it to the insurance company on behalf of you.
Most large claims will involve an Insurance or Loss Assessors and they play a very important role in processing of the claims. Therefore, you must hire a Loss Assessor whenever you find that your claim is complex and critical. You need to pay them and they work to protect your interests and reduce the damage that happened to the property.
Who is a Loss Adjuster?
A Loss Adjuster is an insurance professional who works for the insurance company in processing the claims. Generally, insurance companies are reluctant to pay large amounts for settlement without investigating the accident or incident completely and they call these professionals to check and investigate the claims.
These Loss Adjusters take the responsibility to visit the site, assess, compile and present the report to the insurance company. Since they are experts and specialists, they will be appointed by the insurance company to protect their interests and review the claim from their prospective. Sometimes, insurance companies may outsource the claim processing to external professionals especially for large settlement amounts.
Hence, it is very important to you understand whether you need a Loss Assessor or Loss Adjuster to process and settle your claim.
For more details, visit the website Claimmakers.co.uk
