subject: Benefits Of Quotations For Your Insurance Claim [print this page] Are you a victim of fire, flood, theft or any disaster in your home or office? Do you have insurance? Then, you are probably planning to get an insurance claim. With this stressful situation at hand, the least of your concern is going through all the trouble in making a claim. Another thing to consider is getting the exact amount you deserve. In order to have a hassle-free transaction, a loss assessor is there to help.
Work of a Loss Assessor
Basically, a loss assessor is a person who works for a company designed to help insurance policyholders in making a claim. They assist in negotiating and appraising on your behalf for you to acquire full privilege of compensation for your loss. It is their job to acquire a fair settlement with your best interests in mind. With their help, it is guaranteed that you will acquire the best out of your insurance policy.
The Difference with Loss Adjuster
Loss adjuster is a professional who faces your hired loss assessor. They are the ones who are hired by the insurance company to adjust a claim by determining what is to be paid for and what is not necessary to make it cheaper for the company. Their settlement is very conservative and unreasonable for the policyholders. The interest of the company is protected and not yours.
The Process
During a disaster, it is important to contact your insurance company immediately. It is also necessary to review your terms and policy in order to make sure your claim is valid and not part of any exclusion. Once it is made certain that the company will pay for the damage, a loss assessor will intervene at this time. In claiming insurance, it is advisable to hire an independent loss assessor early on. They do proper identification and estimate of damage, review your policy and negotiate with the loss adjuster. They are tasked to take all responsibility for you while protecting you the entire time.
2 Quotations
Let us begin by defining quotation applicable to insurance. Quotation is a statement, which shows the calculated amount proposed by insurance companies to pay for the claimed damage. Two quotations simply mean getting comparative quotes. In comparing these quotes, it is important to consider the extent of damage and the total amount of your loss. It is wise to do an inventory of your loss in order for you to take into account all that is damaged and lost. The claims management company will base their quotations on the evidences they have gathered from police and hospital records, testimonies and inspection of actual damage. You can also send your own photograph or video of the damage as addition to the gathered evidences. Upon presentation of these evidences, the insurance company will assess the appropriate amount to pay for the damage. After thorough investigation, a quotation is being proposed to you. This is the time for you and your loss assessor to deliberate. Take this opportunity to talk your concerns with your independent assessor.
by: Kurt Ross
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