"Loss
Recovery Insurance, why do I need it for claims - isn't that
what you do for me? |
When your client asks
you this question, you stand to not only lose the commission from
the cross sale of Loss Recovery Insurance, but also a lot of your
own valuable time when the claim does occur. It is not simply the
first visit to see the client when the insurer’s loss adjuster
attends, it’s all the time spent chasing the insurer and
adjuster for reports to be submitted releasing payments. It’s
the time spent reading the policy wording to combat inferences
of under-insurance, or ensuring that the policy liability engages.
It’s trying to find out where, the claim papers are. On average,
an account executive will spend over 42 hours, nearly a whole week,
per year chasing and progressing client claims. |
Loss
Recovery Insurance is your claim service |
If a client asks why they need Loss Recovery Insurance, tell them the following, get the sale and don’t lose your own valuable time: |
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• The insurance market is complex
and highly regulated; insurers will no longer pay a claim on
the broker’s say so alone. • The adjusters working
for your insurance company now expect a statement of loss to
be highly detailed and formally valued in order to pay the
claim in full. • Loss
Recovery Insurance provides unlimited access to your own network
of independent chartered loss adjusters. • Other brokers may now charge
you for claim services – sometimes
as much as £150 per hour. Loss Recovery Insurance is the way we provide
the same service, but eliminates any unexpected costs after the event. • It’s the way we now provide a very personal claim service for our clients. |
Loss Recovery Insurance? Want to know more? Click here
