The Loss Assessor: Fighting Your Corner in Insurance Claims
October 25th, 2011
If you’ve ever dealt with an insurance claim, you’ll be aware of the job of the loss adjuster.These shadowy figures are the professionals, appointed by the insurance companies, whose job is to shrink your claim to the lowest possible amount.Unlike yourself, loss adjusters entire working day is taken up with insurance claims.Hence, they are masters of all the legal technicalities and the various interpretations and wording of insurance contractsThey deploy this mastery, in as cunning a way as possible, to get your claim down to the minimum amount. This advantage is exploited in two main ways. Firstly, by trading on client ignorance; since the technical details of insurance contracts are difficult to understand, clients are often unaware of what can be included in their claim.Secondly, the loss adjuster can use their detailed knowledge of the legal loopholes that enable the insurance company to evade responsibility for aspects of the claim. Mrs S, who had her house completely gutted by tenants growing cannabis, was aghast when her insurers attempted to ‘hide behind small print to reject my claim’.The underwriters claimed that though the modifications were extensive they had not been ‘malicious in nature’. Loss adjusters are a key component in insurance company profitability.For large claims, especially relating to business insurance, many thousands of pounds will be saved through their efforts. Happily, if you need to make a claim then help exists in the form of the loss assessor: an insurance expert who works for your interests.an insurance expert who works for you.Unlike you, a loss assessor has the legal and technical knowledge necessary to confront the loss adjuster,giving you the vital support you need when you’re at probably your lowest ebb.Moreover, the assessors will often spot additional areas in which you can claim,things that you would probably have overlooked.Thus, the fee the loss assessor charges is almost always absorbed by the increase in the payout he or she will secure for you. Mrs S was shrewd enough to appoint Ray Truman of Truman Associates, a big player in the loss assessment field.Truman spotted a contract clause relating to vandalism which meant the insurers failed to wriggle off the hook and had to concede the full £49,000 claim.Ray Truman worked doggedly and with passion to fight on my behalf’ says Mrs S.’Thank goodness for Ray and his determination never to give up and for winning the day in the end.’When your insurance claim is under attack, loss assessors are there to ride to your rescue.