What’s The Difference Between Loss Assessors and Loss Adjusters?
Should you suffer the upsetting misfortune losses arising from a fire, storm, flood or theft or accidental damage to your home, commercial or industrial premises, it’s quite likely that your insurance company will appoint a loss adjuster to handle your claim.
This loss adjuster will contact you shortly after your calamitous event to start the insurance claims process.
However, please BEWARE that the insurance company’s loss adjuster is not your friend!
Like all professions, the insurance industry has its own jargon which can confuse people with little insurance knowledge. Perhaps you have heard the terms loss assessor and loss adjuster used but weren’t sure what the difference between them was?
Here is a quick guide.
|ROLE||WHO THEY WORK FOR||WHAT THEY DO|
|LOSS ASSESSORS||For you and no one else.
Loss assessors like Cherry & Griffiths are independent insurance experts employed by you to protect your interests.
|1. Organise Emergency Support
2. Remove Your Stress & Worries
3. Discover Hidden Loss Issues
4. Manage All Restoration & Claims Parties
5. Get You A Fair & Full Pay Out
6. Get Losses Restored Quicker
|LOSS ADJUSTERS||Your insurance company||1. Supposed to be independent
2. Manage your claim for the insurance company
3. Work to the insurance company’s remit
4. Do not advise you on the best way to make a claim
5. Do not support you if you want to dispute a claim
6. You have to prove you’re entitled to more
What A Loss Assessor Like Cherry and Griffiths Can Do For You!
Appoint Cherry and Griffiths to manage your insurance claim and restoration process and we will remove the hassle and stress of dealing with the insurance loss adjuster and a whole host of additional people.
We’ll get you the best possible settlement and help reinstate your losses in the shortest time possible!
What Is A Loss Adjuster and What Do Loss Adjusters Do?
Insurance companies appoint their own independent claims management specialists called loss adjusters to examine, review and make recommendations to the insurance company regarding the way a claim should be settled.
Loss adjusters are paid by the insurance company and work primarily in their interests, not the claimants.
Their first objective is to ascertain the exact circumstances behind a client’s loss and whether or not their insurance policy covers it. To do this a loss adjuster will visit a claimant’s property or premises to assess losses and damage, recommend the settlement value to the insurance company and offer advice about how restoration of possessions or remedial work to buildings should be carried out.
These are the types of activity a loss adjuster will be undertaken:
- Make a site visit to meet the claimant and conduct a survey of losses and damage which will used for the basis of their claim
- Prepare a written record of the losses and damage including images and diagrams as required
- If required, arrange for post incident security to be erected eg window boarding
- Scrutinise the validity of the claim by examining evidence that the claimed losses actually occurred in reality
- Submit a report to the insurance company with recommendations concerning how the claim should be settled including valuations, restoration and remedial works
- Identify prospective replacement suppliers, restoration experts and remedial building contractors
- Contact other third party insurers to negotiate “pass on” liabilities
Loss Adjusters Do Not Advise You On The Best Way To Make Your Claim!
Loss adjusters work for the insurance company that employ them. They have no responsibility to give you any advice regarding the best way to go about making your claim.
All they do is:
- Examine the losses
- Compare them to the cover allowed in your insurance policy
- Work to the insurance company’s instructions
- Recommend how your claim should be settled to the insurance company including the settlement value
If you wish to dispute the settlement value made against your claim, the insurance company’s loss adjuster will not help you. The burden of proving that you are entitled to a more generous settlement lies entirely with you.
What Is A Loss Assessor and What Do Loss Assessors Do?
Sometimes, a claimant may feel that the insurance company’s loss adjuster is not working in their best interests.
However, clients that appoint a loss assessor will find that they will use their considerable insurance knowledge to fight hard for them and leverage their considerable insurance expertise to conveniently manage a claim and obtain the best payout for their client.
A Loss Assessor Works In Their Client’s Interests, Not The Insurance Company’s
If you appoint a loss assessor at the early stage in the claims process you will be relieved of all the stress and worry a complex claim can involve.
A loss assessor will act as your single point of contact and manage every aspect of your claim:
- Investigate existing claims which are subject to delays or problems or claims that have been declined by the insurance company
- On new claims, execute a painstakingly detailed examination of all losses and damage
- Prepare the claim on their client’s behalf
- Meet with the loss adjuster or other representative appointed by the insurance company
- Conduct negotiations to obtain the most favourable claim settlement for their client
- Arrange supply of replacement possessions lost or damaged
- Appoint and manage remedial building contractors or restoration experts.
Loss assessors will investigate damage and losses, determine the cost of restoration and manage all discussions with insurance company representative.
Loss assessors work exclusively on their client’s behalf and protect their interests.
Loss Assessors Work For You To Get Your Full Claims Entitlement!
Should you suffer the misfortune of having to make a significant insurance claim, it will pay you to put your trust in Cherry and Griffiths.
For your benefit, convenience, peace of mind and financial interests, we:
1. Do not represent insurance companies
2. Are the only party that can be trusted to act solely on its client’s behalf throughout the claims process from investigate to remediate.
3. Leverage our detailed knowledge of how insurance company’s claims processes work
4. Thoroughly, evidence, quantify and negotiate claims to get clients the best possible result under the terms of their policy
5. Arrange emergency support eg building security, personal accommodation
6. Negotiate interim claims payouts where possible
7. Get losses restored quicker
If you have a claim to make, please get in touch with a loss assessor that cares about its clients for a no obligation chat about how we could help.