Why validate claims ?
An important aspect of insurance is the swift and efficient indemnification or replacement/ repair of a valued asset. Critical to the efficient settlement of claims is the utilization by the insurance company of difference service providers including assessors and investigators.
Whether it's your house that is burgled, a tree falls through your roof or you are involved in a motor vehicle collision, you'll need to talk to an insurance assessor. Insurance assessors/loss adjustors determine the validity and the extent of losses or damage to property in respect of an incident for which a short term insurance claim has been instituted.
Efficient assessors or loss adjustors are an important element to the satisfactory settlement of claims since the assessor’s failure to perform effectively can bring about dissatisfaction on the part of the insured. At the same time, given current economic hardships, insurance fraud is fast becoming “easy money”. Insurance companies can no longer hide behind their standard term agreements which disclaim liability for certain perils. The need for effective and fast claims validation, and often investigation, has become an essential component of insurance business in order to manage payment ratios and ensure profitability on the part of the Insurance Companies.
An important aspect of insurance is the swift and efficient indemnification or replacement/ repair of a valued asset. Critical to the efficient settlement of claims is the utilization by the insurance company of difference service providers including assessors and investigators.
Whether it's your house that is burgled, a tree falls through your roof or you are involved in a motor vehicle collision, you'll need to talk to an insurance assessor. Insurance assessors/loss adjustors determine the validity and the extent of losses or damage to property in respect of an incident for which a short term insurance claim has been instituted.
Efficient assessors or loss adjustors are an important element to the satisfactory settlement of claims since the assessor’s failure to perform effectively can bring about dissatisfaction on the part of the insured. At the same time, given current economic hardships, insurance fraud is fast becoming “easy money”. Insurance companies can no longer hide behind their standard term agreements which disclaim liability for certain perils. The need for effective and fast claims validation, and often investigation, has become an essential component of insurance business in order to manage payment ratios and ensure profitability on the part of the Insurance Companies.
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