What is the story with loss assessors. I know 2 people who have had house insurance clains lately. In one that was settled the loss assessorr comes along and says that the he will represent the client and get more from the claim than they would on their own.
Generally the loss assessor arrives at the house and will say that the client can claim for outrageous things like in one case the front door etc...
Client thinks they can get 16K for a 6K claim.
Loss adjustor agrees to work for about 10%
Anyway when the insurance loss adjustor visits he will settle for the 6K that the person will have got anyway.
Then he has to pay 10% of the Claim plus VAT which is 12%.
If the loss assessor was any good or had any experience he would have known that the claim was not worth 16K.
I would have got more myself as I would have bargained harder with the assessor.
In the end the client would have got less than if they had no loss assessor when his fees are taken out of it.
In another case that has not been fully resolved the insurance company are organising the work. so when the insurance company are finished the client will owe the loss assessor 12% of the cost of the work done.
Please explain, have I got the wrong end of the stick
Generally the loss assessor arrives at the house and will say that the client can claim for outrageous things like in one case the front door etc...
Client thinks they can get 16K for a 6K claim.
Loss adjustor agrees to work for about 10%
Anyway when the insurance loss adjustor visits he will settle for the 6K that the person will have got anyway.
Then he has to pay 10% of the Claim plus VAT which is 12%.
If the loss assessor was any good or had any experience he would have known that the claim was not worth 16K.
I would have got more myself as I would have bargained harder with the assessor.
In the end the client would have got less than if they had no loss assessor when his fees are taken out of it.
In another case that has not been fully resolved the insurance company are organising the work. so when the insurance company are finished the client will owe the loss assessor 12% of the cost of the work done.
Please explain, have I got the wrong end of the stick
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