It is very common for people to have a lack of knowledge about what loss assessors do. People tend to struggle to tell the difference between them and a loss adjuster. It is very common for this to happen. One of the main differences is that the policyholder hires a loss assessor. Whereas, the insurance company hires a loss adjuster.
Why Do Insurance Companies Hire Loss Adjusters?
Insurance company’s hire a loss adjuster when a policyholder has made a large insurance claim. This is because insurance companies are hesitant to pay out large settlements. They will look to try and get the lowest payout possible for the policyholder. It is easy to think that a loss adjuster is going directly against your best interests. This is why you should get a loss assessor to fight in your corner.
Why Should You Hire A Loss Assessor?
Loss assessor’s deal with the insurance company on the policyholder’s behalf. They also manage the policyholder’s claim from start to finish. This means that they deal with every aspect of the claim for you. Anything from the paperwork to surveying the property. It is their job to talk with the insurance company to get you the best settlement possible.
Loss assessors are great negotiators. It is never a bad idea to have someone to help you in your claim that can haggle the insurance company in your favour. They will make sure that your claim is realistic and accurate. They will also ensure that the insurance company will pay out a fair amount. Loss assessors have only your best interests in mind. This is because they are the only party in the insurance claims process that acts on your behalf.
When Is The Best Time To Hire A Loss Assessor?
During insurance claims, many people only decide to hire a loss assessor when they need one. For example, if something were to go wrong in your claim. This may mean that you have hired one too late in your claims process. The reality is that things often do go wrong in insurance claims. So, it would be a great idea to hire a loss assessor early in your claim. The earlier the better.
It will only increase your chances of getting a successful claim. You won’t have to deal with the insurance company as your loss assessor will deal with them for you. This means that the policyholder won’t be under as much stress. Allowing you to get on with your life in the process. Loss assessors are experts in insurance claims. Thus, things are less likely to go wrong and give you a better chance of getting a higher settlement.
If something were to go wrong with your claim then it is hard for them to build a case. For you to get the best settlement you should appoint a loss assessor early. As early as you know you are about to put in a claim. This gives them ample time to prepare a …