11 Mar

Making An Insurance Claim – Is A Loss Assessor A Friend Or An Enemy?

Whatever your insured property is, whether it is a business or a household, if you have suffered any loss or damage you will find that a loss assessor will become your best friend. Loss assessors are there to help you liaise with your insurance company, with the hope of getting everything sorted out as quickly as possible.

As a client, you will want them to come and inspect the damage, assess it accurately, and do all the coordination required between the contractors who will be hired to make the repairs, and the insurance company who are going to pay for them.

Loss assessors who work on commercial properties operate differently than those working on private homes. The loss adjuster whose task is to sort out damages to private homes will ensure that the owner will get all their entitlement as quickly as they can, and not cause any more trauma in their life. This will involve liaising with the insurance company and offering guidance through all the paperwork that is involved.

Loss adjusters working in a business environment will probably spend more time with the insurance company than with the business owner, but this does not mean that they are not working hard on their behalf. Generally, their task at the business premises is a lot easier than it is on private premises because there is a greater likelihood that there is an inventory to work from. Their priority is to make sure that the business is up and running as quickly as possible so therefore will instigate temporary repairs. They will then try to make sure that more permanent repairs are made and funded as quickly as possible.

Hiring a competent loss assessor is worth the money when you realise that they work hard to make sure you get everything you are entitled to. And in the case of a commercial enterprise, get them operating again and earning money for the company.

To be able to help a loss assessor expedite your claim quickly and accurately it is a good idea to do the following before any incidents occur. Make sure that your policy is up to date and covers all your property and potential problems. Also, document and photograph all equipment and documents that are necessary to keep your home or business running smoothly. It is also essential you keep an up-to-date inventory, with costings, invoices and receipts.

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