Also known as a claim assessor, a assessor of loss is an employee who works, mostly on the part of a loss assessment company , to accurately understand the actual monetary sum of an insurance claim before any, or in some cases prior to the lion’s share , the cash being signed off by the insurance business in fulfilment of the claim.In short, he will advise homeowners or other insured parties and give help with an insurance claim.
Loss assessors are tasked with calculating the true , combined worth of what has been destroyed, and in some cases also set out to decide blame for the lost value. This activity is more often than not designed to reduce the insurance business’s liability to paying out against the insurance policy and also to minimise the risk of a greater amount of funds being paid than is actually due to the claimant , or reduce the chance of situations in which the policyholder ends up markedly better off following the claim, rather than just fully compensated for their loss.
Loss assessors are required to be expert in their area to allow them to know inside and out the full details of the claim in question. For that reason a loss assessor for a given variety of claim would tend to work in one field – a loss assessor on car incidents might just work on car accidents , while a loss assessor specialising in shipping claims would have to be fully on top of the whys and wherefores of nautical law and practice , and loss assessors who work on catastrophic claims must be experienced in giving help to people in extreme circumstances find a roof and the requisite food, clothes and essentials.