An insurance loss assessor is a professional who is engaged in the preparation and negotiation of insurance claims on behalf of commercial and private policyholders.
A loss adjuster is instructed by your insurance company to act on their behalf and in their financial interest, whereas a loss assessor is instructed by you (the policyholder) to act on your behalf to achieve the maximum possible settlement.
Absolutely. We have been dealing with insurance claims for over 30 years. We promise to do use our best endeavours to negotiate and reach a settlement to your complete satisfaction.
The ideal time to instruct a Loss Assessor is immediately, when the incident occurs. This is when the insurer will instruct their loss adjuster to act on their behalf and when the assessor can take full control of the claim for you.
The fee chargeable is a small percentage of the final (winning) settlement figure for our services. It’s also good to know that Power & Company work on a ‘No win – No fee’ basis.
This can vary depending on the nature, size and complexity of the claim.
Yes.
You (the policyholder) do. You hire an Insurance Loss Assessor if you need someone to represent your best interests and to successfully settle an insurance claim.
We are long term specialists in the field, and experts in dealing with insurance claims. You would not go to court without a solicitor, why deal with an insurance claim without an assessor?
Some insurance brokers have their own claims departments, but they will not dedicate the same time and effort as an Insurance Loss Assessor. They will have the same expertise or allegiance to you the policyholder.
It is sensible to hire an Insurance Loss Assessor for any claim, generally anything over £3,000.
No.
Yes, if required and their associated fees are generally paid for by the policy.
Yes, on some occasions a third party may be negligent or responsible for an incident and a recovery made against them or their insurers.
“Very sincere and sensible advice was give to us by Power & Company”
