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Duties Of Loss Assessors

As Loss Assessor he will do following tasks- A loss assessor profession involves, respond to claims within a timely manner--in many cases, dealing with insured or their damaged property, inspecting th...

As Loss Assessor he will do following tasks-

A loss assessor profession involves, respond to claims within a timely manner--in many cases, dealing with insured or their damaged property, inspecting the amount of claims. Treat customer property as their own home or vehicle. A loss assessor also be in touch with the insured people, files paperwork for each claim, investigates liability for damages caused and assesses damage. They would also negotiate with a product or service provider regarding the cost and time of repairs that need to be done. Above all, they have to ensure that the policy holder is satisfied with the outcome, are wary of fraudulent insurance claims and ensure accurate procedures are held during the process.

Loss assessor starts its operation when an accident occurs and insurer lost his/her any property in that accident. It is must that the loss which is occurred should have monetary value. The first step of loss assessor is evaluating the loss. A loss assessor evaluates loss done to people or property when any mishap occurs that is being claimed on insurance. For an example if a motor vehicle damaged due to accident, the loss assessor would go to the accident spot and inspect the vehicle to conclude the amount of damage done to the vehicle. After calculating the amount of loss he reports the information back to the insurance company.

The loss assessor would first confirm that coverage for the damage is covered through the insurance policy the insured person holds with the insurance company. A loss assessor will inspect who is legally responsible for the damages caused and make compensation to the insured person for the damages based on the damages to person, or property.

After the assessor is done with the investigating the claim, and has discuss payouts between the insurance company and the insured party, they may also make proposal to the insured party concerning safety measures against further damage or loss, such as installing security, stronger doors or better locksFree Articles, which can be required before the insurance policy is renewed again.


Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR


Mozzam khan is an expert author and writing from many years on various topics. Currently he is sharing information on Loss Assessors.



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