Insurance plans have mainly been seen with a viewpoint of safeguarding life of oneself and their loved ones. However, there are various policies specifically designed to secure one’s business, factory, machines, goods and cargo. They have been quite helpful in taking people out from business related crises and bankruptcy.
Furthermore, at the time of filing the claim, due to varied lookouts and perspectives, one may come across to a real revelation of what exactly is insured and what is not. However, to assist the claimer with best of the services, Insurance surveyor and loss assessor may not only display their abilities to determine the actual loss and damage value but will also educate the applicant about the same.
On the grounds of the report submitted by the assessor, the claim will be passed hence the amount is paid.
Meet the expectations
The entire mechanism and the claim determination begin in the following manner:
- Either parties, insured or the insurer could appoint the assessor. He must submit the report within 30 days’ time to the insurer and must send out a copy to the insured as well intimating them about the real valuation of assessed losses.
- They may ask for an extension in certain cases; however, they are liable to present their report within a time bracket of 6 months from the day they were appointed.
- Furthermore, since the final report is generated by conducting proper inspection at insured’s place and based on the documents presented by the insured. In case the delay is due to non-submission of required documents from insured, the representative may send three reminders to the insured. Despite of all, if the documents are not presented, the surveyor may submit final report on the grounds of available documents itself.
- In case, insurance company realises that the report is missing some important piece of investigations and appears to be incomplete. The assessor will be requested to submit the supporting report document within 15 days from the request generated. The insurer may seek such report only once. However, the time bracket may be modified and extended maximum up to 3 weeks only in special cases.
Their services and the assistance are indeed worth hiring as they bring expertise and knowledge of highest order. They ensure that the real value of damage quoted is calculated in the light of truthfulness and professional integrity. Thus, no error must occur.
