What’s the difference between a Loss Adjuster & Loss Assessor?

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What’s the difference between a Loss Adjuster & Loss Assessor?

Posted On : Jan-04-2012 | seen (374) times | Article Word Count : 744 |

If you’re making a significant insurance claim then your insurance company is very likely to send out a Loss Adjuster.

If you’re making a significant insurance claim then your insurance company is very likely to send out a Loss Adjuster.
Many policyholders are unclear on the difference between a Loss Adjuster and a Loss Assessor. Here we look at the important points that you’ll need to know when making your claim.
What does a Loss Adjuster do?
A Loss Adjuster’s first task is to establish whether your insurers are liable for your claim so that it can be dealt with under the terms of your policy. They then give their opinion on what it should cost to repair the damage or replace any items that have been lost or stolen.
While a Loss Adjuster may claim to be impartial, they are appointed by your insurance company who also pays their fees. They’re partly judged on how much money they save the insurer, either by minimising a claim or even rejecting it altogether.
It’s not surprising that settlements where both the policyholder and Loss Adjuster completely agree are rare. This can be an issue, as insurers won’t release interim funds or payments until they have been requested and sanctioned by the Loss Adjuster. If policyholders find themselves in lengthy discussions with a Loss Adjuster, it can delay these interim payments, which might assist policyholders in an emergency situation. As a consequence, many policyholders simply accept a Loss Adjuster’s initial settlement proposal to avoid further hassle and delays.
One way to avoid these problems is to employ a Loss Assessor to act on your behalf throughout an insurance claim. A Loss Assessor will have the knowledge and expertise to go through your policy’s wording and make you aware of all benefits available. They can also explain the full level of cover your policy provides, including any additional items that could form part of your claim.
The role of a Loss Assessor
A Loss Assessor will help ensure that you receive the best possible settlement, rather than the minimum that a Loss Adjuster might propose and your insurer would prefer to pay.
Many Loss Assessors work on a ‘no win - no fee’ basis and this is usually a percentage of the final amount paid out by the insurer. In this way, it’s in a Loss Assessor’s best interest to ensure that you receive every penny you’re entitled to under your policy.
The way an insurance claim is prepared is also very important, so it’s well worth appointing a Loss Assessor as soon as you realise that you have a claim.
Unfortunately, many policyholders wait until they have problems with their claim before speaking to a Loss Assessor. This might be when a Loss Adjuster tells them that they’re not entitled to claim, or when the Loss Adjuster tries to reduce the amount they’re claiming, often quoting their policy’s small print. Other policyholders may try to negotiate their insurance claim themselves, as they are unaware of the amount of work that goes into pursuing a successful claim.
A good Loss Assessor will be experienced in negotiating hundreds of successful claims, which is why youmay receive a better final settlement if a Loss Assessor manages your claim throughout.
Key points to remember
When you’re faced by the prospect of dealing with an insurance claim, it’s important to remember the difference between a Loss Adjuster and a Loss Assessor.
A Loss Adjuster’s role is to protect the interests of your insurance company, not yours as a policyholder. The lower the final pay out, the better a Loss Adjuster is seen to have done.
On the other hand, a Loss Assessor acts on your behalf as the policyholder. They are there to provide expert knowledge and help at a time when you may need it most.
It’s easy to believe that your insurance company’s Loss Adjuster is central to a good outcome. In fact, having a professional Loss Assessor acting for you is much more likely to help you receive a full and fair settlement.
About AKA MI Claims
AKA MI Claims are a firm of independent Loss Assessors, who work on a ‘no win-no fee’ basis.
If you would like help with an insurance claim, just call us now on 0800 285 1610 to arrange a free, no-obligation consultation. Alternatively, please just complete thecontact form on our website and we’ll get back to you as soon as possible.

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<h1>What’s the difference between a Loss Adjuster & Loss Assessor?</h1> Author: <a href='http://www.articleseen.com/profile_AKA MI Claims.aspx'>AKA MI Claims</a> If you’re making a significant insurance claim then your insurance company is very likely to send out a Loss Adjuster.
Many policyholders are unclear on the difference between a Loss Adjuster and a Loss Assessor. Here we look at the important points that you’ll need to know when making your claim. 
What does a Loss Adjuster do? 
A Loss Adjuster’s first task is to establish whether your insurers are liable for your claim so that it can be dealt with under the terms of your policy. They then give their opinion on what it should cost to repair the damage or replace any items that have been lost or stolen. 
While a Loss Adjuster may claim to be impartial, they are appointed by your insurance company who also pays their fees. They’re partly judged on how much money they save the insurer, either by minimising a claim or even rejecting it altogether. 
It’s not surprising that settlements where both the policyholder and Loss Adjuster completely agree are rare. This can be an issue, as insurers won’t release interim funds or payments until they have been requested and sanctioned by the Loss Adjuster. If policyholders find themselves in lengthy discussions with a Loss Adjuster, it can delay these interim payments, which might assist policyholders in an emergency situation. As a consequence, many policyholders simply accept a Loss Adjuster’s initial settlement proposal to avoid further hassle and delays. 
One way to avoid these problems is to employ a Loss Assessor to act on your behalf throughout an insurance claim. A Loss Assessor will have the knowledge and expertise to go through your policy’s wording and make you aware of all benefits available. They can also explain the full level of cover your policy provides, including any additional items that could form part of your claim. 
The role of a Loss Assessor
A Loss Assessor will help ensure that you receive the best possible settlement, rather than the minimum that a Loss Adjuster might propose and your insurer would prefer to pay. 
Many Loss Assessors work on a ‘no win - no fee’ basis and this is usually a percentage of the final amount paid out by the insurer. In this way, it’s in a Loss Assessor’s best interest to ensure that you receive every penny you’re entitled to under your policy. 
The way an insurance claim is prepared is also very important, so it’s well worth appointing a Loss Assessor as soon as you realise that you have a claim. 
Unfortunately, many policyholders wait until they have problems with their claim before speaking to a Loss Assessor. This might be when a Loss Adjuster tells them that they’re not entitled to claim, or when the Loss Adjuster tries to reduce the amount they’re claiming, often quoting their policy’s small print. Other policyholders may try to negotiate their insurance claim themselves, as they are unaware of the amount of work that goes into pursuing a successful claim. 
A good Loss Assessor will be experienced in negotiating hundreds of successful claims, which is why youmay receive a better final settlement if a Loss Assessor manages your claim throughout. 
Key points to remember
When you’re faced by the prospect of dealing with an insurance claim, it’s important to remember the difference between a Loss Adjuster and a Loss Assessor. 
A Loss Adjuster’s role is to protect the interests of your insurance company, not yours as a policyholder. The lower the final pay out, the better a Loss Adjuster is seen to have done. 
On the other hand, a Loss Assessor acts on your behalf as the policyholder. They are there to provide expert knowledge and help at a time when you may need it most. 
It’s easy to believe that your insurance company’s Loss Adjuster is central to a good outcome. In fact, having a professional Loss Assessor acting for you is much more likely to help you receive a full and fair settlement. 
About AKA MI Claims
AKA MI Claims are a firm of independent Loss Assessors, who work on a ‘no win-no fee’ basis. 
If you would like help with an insurance claim, just call us now on 0800 285 1610 to arrange a free, no-obligation consultation. Alternatively, please just complete thecontact form on our website and we’ll get back to you as soon as possible. 
About the Author: AKA MI Claims is a firm of independent Loss Assessors, working on a no win-no fee basis. If you need help with a burglary insurance claim, just call us now on 0800 285 1610 to arrange a no-obligation consultation with one of our experienced Loss Assessors. You can also contact us using the customer contact form on our <a rel="nofollow" href="http://www.akamiclaims.co.uk">website</a>. Article Source: <a href='http://www.articleseen.com/Article_What’s-the-difference-between-a-Loss-Adjuster--Loss-Assessor_128633.aspx'> http://www.articleseen.com/Article_What’s the difference between a Loss Adjuster & Loss Assessor?_128633.aspx</a>

Article Source : http://www.articleseen.com/Article_What’s the difference between a Loss Adjuster & Loss Assessor?_128633.aspx

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AKA MI Claims is a firm of independent Loss Assessors, working on a no win-no fee basis. If you need help with a burglary insurance claim, just call us now on 0800 285 1610 to arrange a no-obligation consultation with one of our experienced Loss Assessors. You can also contact us using the customer contact form on our website.

Keywords : loss assessors, insurance loss assessors, insurance claims help,

Category : Finance : Insurance

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