Cost of Fire Damage Insurance Claims Reaches New High in UK
75Insurers Warn of Increase in Arson Attacks
The cost to insurance companies of claims for fire damage in the UK reached a record high in 2008, according to the Association of British Insurers. This has led them to warn of a possible increase in incidents of arson across the country.
Fire damage insurance claims cost the insurance industry £1.3 billion during 2008, an increase of 16% over the previous year and equivalent to a cost of £3.4 million every day. The ABI says this dramatic rise is mainly due to an increase in large-scale fires in commercial premises and institutions such as schools. A large number of these fires are believed to have been a result of arson, and the Association says that incidents of deliberate, and often fraudulent, fire-starting do tend to increase during a period of economic downturn.
Fire Damage Insurance Claims have Increased Dramatically
Making an Insurance Claim for Fire Damage
With this news, insurance companies are going to get tougher than ever when investigating fire damage insurance claims. This makes it more likely that some genuine claims for accidental fire damage will be labelled as deliberate by insurers desperate to save money. Tackling your insurance company and their team of experts alone can be a daunting task. If your home or business premises is hit by fire and you need to make a claim on your insurance, you need an expert of your own to back you up.
Insurance loss assessors (known as public adjusters in the USA) are experts at investigating insurance claims. Unlike insurance loss adjusters - who work directly for the insurance company and therefore have a vested interest in helping them to keep as much money as possible – a loss assessor works for the claimant, ensuring they get as fair a representation as the insurer. Insurance loss assessors make a thorough investigation of the fire damage, so it is important to engage their services as early as possible during the claim process.How a Loss Assessor Helps You Get a Fair Result in Your Fire Damage Claim
Insurance loss assessors put the same effort and attention to detail into investigating the case on your behalf as loss adjusters do for insurance companies. They are experts in making insurance claims, and can deal with insurance companies in a way that most claimants lack the knowledge and experience to. Their expertise helps prevent any mistakes or false claims being made by your insurer, ensuring you get a fair and just settlement when claiming for fire damage.
In the unfortunate event that you have to make a fire damage insurance claim for your home or business, contact an insurance loss assessor or public adjuster as soon as possible to make sure you get a fair and just deal from your insurance company.PrintShare it! — Rate it: up down flag this hub
