Advantages of hiring a loss assessor to deal with your insurance claim
When it comes to dealing with property damage or loss, it's essential to have the right support on your side. Often, there is an expectation from the policyholder that when they make a claim their insurance company will automatically take care of all the administration for them, however this is generally not the case and the policyholder is expected to gather all relevant documentation to present their own claim.
However, there is another option that can provide you with better results: hiring a loss assessor. In this post, we'll explore the advantages of hiring a loss assessor to deal with your insurance claim and why it's a smart move to make when faced with a loss or damage claim. So, buckle up and get ready to discover why a loss assessor might just be the secret weapon you need to win your insurance claim battle.
The role of a loss assessor
The process of filing a claim after a loss or damage can be a complicated and time-consuming task. Insurance companies often employ adjusters who are responsible for investigating and assessing claims to determine the amount of compensation that should be paid to the policyholder. However, it is important to note that adjusters work for the insurance company and may not always have the policyholder's best interests in mind.
Loss assessors are independent professionals who work on behalf of policyholders to manage and negotiate their insurance claims. They have the necessary knowledge and expertise to navigate the complex insurance claim process and can provide valuable assistance to policyholders in obtaining the maximum compensation to which they are entitled.
One of the key advantages of hiring a loss assessor is that they work exclusively for the policyholder, unlike insurance adjusters who work for the insurance company. This means that they are solely focused on representing the policyholder's interests and ensuring that they receive the full compensation they are entitled to. Loss assessors are also able to negotiate with the insurance company on the policyholder's behalf, which can help to speed up the claims process and reduce the stress and hassle associated with making a claim.
Another advantage of hiring a loss assessor is that they have a deep understanding of the insurance industry and are familiar with the complex policies and procedures involved in filing a claim. They are able to provide expert advice and guidance to policyholders on the best course of action to take in order to obtain the maximum compensation for their loss or damage. This can be especially beneficial in cases where policyholders may be unsure of their rights or the extent of their coverage.
Finally, hiring a loss assessor can help to level the playing field between the policyholder and the insurance company. Insurance companies have experienced adjusters who are skilled in negotiating claims and may use their knowledge to try and minimize the amount of compensation paid to the policyholder. By hiring a loss assessor, policyholders are able to ensure that they have someone on their side who is equally skilled in negotiation and can fight for their rights and entitlements.
How to find a reputable loss assessor
You’ve just learnt of the benefits of hiring a loss assessor. However, with so many loss assessors operating in the UK insurance industry, it can be difficult to know where to start your search. Below, we'll provide you with some tips on how to find a reputable loss assessor to assist with your property damage claim.
1. Look for a loss assessor who is regulated by the Financial Conduct Authority (FCA)
In the UK, loss assessors are required to be regulated by the FCA. Choosing a loss assessor who is regulated by the FCA can give you peace of mind. FCA-regulated loss assessors are bound by strict codes of conduct, and you can be assured that they have undergone rigorous training and are held to high standards.
2. Check their qualifications and experience
When looking for a loss assessor, it is important to ensure that they have the necessary qualifications and experience to handle your claim. Ask for references from previous clients and check their website to see if they have any accreditations or memberships with professional bodies.
3. Look for a loss assessor who specializes in property damage claims
Insurance claims can be complicated, and each type of claim requires specific knowledge and expertise. If you have issues with your property, look for a loss assessor who specializes in property damage claims. They will have experience dealing with similar claims and will know the best way to maximize your claim.
4. Check their availability and communication style
It is important to find a loss assessor who is available to help you when you need them. Look for a loss assessor who is responsive and has good communication skills. They should be able to explain the claims process to you in a way that you can understand and keep you informed throughout the process.
5. Read reviews and ask for recommendations
One of the best ways to find a reputable loss assessor is to read reviews from previous clients. Check their website, social media pages, and other review sites to see what people are saying about them. You can also ask family, friends and colleagues if they have any recommendations regarding the particular loss assessor.
Make sure you feel comfortable with the loss assessor's process before hiring them. With the right loss assessor by your side, you can be confident that your property damage claim is in good hands.
Top 5 most reputable loss assessors in the UK
Below are some of the best known loss assessors in the UK. They have the best reputation nationally and locally.
- Morgan Clark
- Harris Balcombe
- Oakleafe Claims
- I Am Claims Consultants
- Belgreen Associates
Things to consider when working with a loss assessor
While working with a loss assessor can make the process of filing an insurance claim a lot smoother and less stressful, there are certain mistakes that can be made when working with a loss assessor. It is important to avoid these common pitfalls to ensure that you get the best possible outcome for your claim.
#1: Choosing the Wrong Loss Assessor
Not all loss assessors are created equal, and it's important to do your research before hiring one. Look for a loss assessor who has experience working with claims similar to yours and who has a good reputation in the industry. Check their credentials, reviews, and testimonials from past clients. Don't be afraid to ask questions and make sure that you feel comfortable with the loss assessor before hiring them.
#2: Withholding Information
One of the most important things you can do when working with a loss assessor is to be completely transparent about the details of your claim. Withholding information or trying to hide certain facts can jeopardize your claim and damage your relationship with the loss assessor. Remember, the loss assessor is on your side, so be honest and forthcoming about all aspects of your claim.
#3: Failing to Keep Records
When filing an insurance claim, it's essential to keep detailed records of everything related to the claim. This includes photos of the damage, receipts for repairs or replacements, and any correspondence with the insurance company or loss assessor. Failing to keep these records can make it difficult to support your claim and can lead to delays or even denial of your claim.
#4: Not providing the necessary information in a timely manner
Providing the necessary information to your loss assessor in a timely manner is essential to ensuring an accurate assessment, an efficient claims process, compliance with the terms of your insurance policy, and a fair settlement for your losses.
#5: Rushing the Process
There’s no denying that filing an insurance claim can be a time-consuming process – with or without a loss assessor (e.g. speaking to the insurance company directly). However, rushing it can lead to mistakes and a lower settlement. Take the time to work with your loss assessor and gather all the necessary documentation and evidence to support your claim. This will help to ensure that you receive a fair settlement and that your claim is processed as smoothly as possible.
Summary
In summary, hiring a loss assessor can be a game-changer when it comes to dealing with insurance claims. They bring a wealth of expertise and experience to the table, and their sole focus is on protecting your interests and getting the client the settlement they are entitled to.
Unlike insurance adjusters who work for the insurance company, loss assessors work for you and only you.
By hiring a loss assessor, you can enjoy a stress-free claims process and a fairer payout. They can also negotiate on your behalf and handle all the paperwork and documentation, saving you time and hassle.
Therefore, if you want to ensure that your insurance claim is handled fairly and efficiently, it's highly recommended to consider hiring a loss assessor. They can be your trusted ally in the often-complicated world of insurance claims.
Don't let the insurance company dictate the terms of your settlement. Take control of your claim today by contacting a reputable loss assessor and seeing how they can help you.
So, if you ever find yourself in a situation where you need to make an insurance claim, remember that you have the option of hiring a loss assessor. They can be the difference between a lowball offer and a fair settlement, so make sure you make the right choice.