Loss Adjuster VS Loss Assessor

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Loss Adjuster vs Loss Assessor These are specialist who investigates claims and recommends settlement options based on estimates and insurance policies held. The Loss Adjuster's job is to investigate insurance claims on behalf of the insurer once they reach a certain size. Loss Assessors are appointed by policyholders to manage a claim on their behalf. They can be called on to help with all manner of loss-related insurance claims. The Loss Adjusters/Assessors plays a crucial role in the insurance claims process and are usually the first persons you will come into contact with during the claim process. Since Loss Adjusters are in the payroll of insurance companies, they might actively work to secure the lowest possible settlement. They are ostensibly hired to find evidence that could negate your claim. For that reason, it is important to have a qualified loss assessor fight for you. Unfortunately many people make the mistake of only appointing loss assessors when they need them. Best practice appoint a loss assessors as early as you possibly can. if you wait until things go wrong before you appoint a loss assessor, it won’t be as easy for a loss assessor to prepare and present a successful claim. What loss adjusters look for; the cause of the incident, the value of the loss or damage, whether you've met your insurance policy's terms and conditions. Most loss Adjusters have professional qualifications and relevant work experience, for example, insurance, accountancy, law, engineering or surveying. The loss assessor, prepare a complex or substantial claim for the claimant to present to the insurance company, Meet with an insurance company’s representative to negotiate a settlement, Deal with any issues that can arise in the claims process. Due to the costs involved we do not recommend using a loss assessor unless absolutely necessary. To conclude both Loss Assessors & Adjusters address the complex issues related to major loss such as business. Both possessing expert knowledge, insurance products and insurance policy at point of claim to help clients retake control and maintain business continuity when an eventuality arise. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful

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