The Devil is in the Detail

Picture1 Material Facts and the Law of Average

We all assume that when something goes wrong, our insurance company is there to help us out  and foot the bill. This is the wrong assumption to make as an increasingly hig number of risks  are either underinsured, insured incorrectly or are not insured at all.

Insurance companies, like any other business, are there to maximise profits, it is their duty to  their shareholders to do so. In the event of a claim, insurance companies try to minimise the  amount that they pay out through the strict enforcement of policy terms and conditions. Insurers use little known devices such as the ‘rule of average’. Continue reading The Devil is in the Detail

Assessors and Adjusters

What happens when you make a claim

stress Once you submit a claim to your insurance company the first thing they will do is appoint one  of their professional loss adjusters to use their experience and expertise to minimise the  amount of money that they have to pay out. It is important to emphasise that the appointed  loss adjuster acts solely on behalf of the insurance company and is paid by them.

When the loss assessor visits your property to inspect the damage he or she will discuss the  nature and extent of the claim with you and prepare a detailed and confidential report for the  insurance company that is not available to you, the policy holder. Continue reading Assessors and Adjusters

What happens when you make an insurance claim

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Once you submit a claim to your insurance company the first thing they will do is appoint one of their professional loss adjusters to use their experience and expertise to minimise the amount of money that they have to pay out. It is important to emphasise that the appointed loss assessor acts solely on behalf of the insurance company and is paid by them.

When the loss assessor visits your property to inspect the damage he or she will discuss the nature and extent of the claim with you and prepare a detailed and confidential report for the insurance company that is not available to you, the policy holder. Continue reading What happens when you make an insurance claim

From payphones to twitter

Sean Cleary founder and Managing Director Clearys Loss Assessors

Sean Cleary founder and Managing Director

Celebrating 25 years at Clearys Loss Assessors

This year Cleary’s Loss Assessing and Insurance Services celebrates’ 25 years in business. We spoke to Sean Cleary, founder and Managing Director on the early days of being in business way back in 1984 and about how much change has taken place over the last 25 years.

Ireland in the 1984 was a different country to the one we live in today. Unemployment peaked, emigration was extensive and interest rates were in double figures. Tax rates also were at record levels with the government of the day telling the people that they were living beyond their means and the country was broke. All was doom and gloom and although it is fair to draw parallels to the situation we face today, back then the outlook really was bleak with little or no hope for optimism. Continue reading From payphones to twitter

Why use an independent loss assessor?

The insurance claims market is constantly changing, and usually in ways driven by the insurance companies themselves.  We have noticed, and I’m sure you have too if you have been monitoring the press recently, that the insurance companies are changing the way they are dealing with claims. This is in our view, in order to slow down the payment of settlements.  Don’t get me wrong, we are in no way implying that your insurers will not pay the claim, we are stating however, that they are taking longer to do so.

Here- to- fore, property damage claims were being dealt with, very quickly and we were constantly hearing from loss adjusters that they were under pressure from insurers to meet deadlines in relation to first visits of sites of damage.  And then further deadlines in relation to producing reports, both preliminary reports and final reports to the insurance companies in order to progress the claim to settlement as quickly as possible.  Payments were based cash with no effort by insurance companies to undertake any replacement or reinstatement work themselves Continue reading Why use an independent loss assessor?

Storm Damage & Your Policy

Storm Damage & Your Policy

Global Warming?, Whatever your views on climate change or its causes, one need only look out a window to see the major changes in the Irish weather. We now receive heavier downpours, more severe flooding from storm surges, higher winds and more frequent and prolonged spells of bad weather.

Ultimately, storms in Ireland are more frequent and more severe. Your home insurance policy will cover the cost of repairing your home following storm damage, but here are a few tips to minimize damage where possible.

Batten Down the Hatches. Continue reading Storm Damage & Your Policy

Do you live in a flood risk area?

Flooding is a natural process which can happen at any time in a wide variety of locations across Ireland. Assets at risk from flooding can include housing, public infrastructure, commercial property and industrial enterprises. Understanding flood risk is an essential step in managing the associated impacts and making informed decisions.

There are two major causes of flooding: Continue reading Do you live in a flood risk area?

Fire Prevention – Top tips for home owners

Fire Prevention

Every year 46 people die in the Republic of Ireland as a result of fire. Over 1,000 are seriously injured from smoke inhalation and burns and millions of euro’s worth of damage is caused. Sadly, most of these incidents could have been avoided given a basic level of fire safety awareness.

A fire in the home can have horrific consequences including death or serious injury, psychological trauma and financial and sentimental loss. The advice set out below will help you to avoid and fire and let you know how to react if one does occur. Continue reading Fire Prevention – Top tips for home owners

Burglary – Simple steps to lessen your risk

Burglary – A crime on the rise.

According to the 2008 Eircom Phonewatch Burglary Report, burglaries in Ireland increased by a whopping 32% over a one year period. In this post, we are going to give you some good advice on how to minimize your risk of becoming a victim of this crime. Firstly we will take a look at some of the figures from the Eircom Phonewatch report.

Between June 2007 and June 2008 over €100m worth of goods were stolen from Irish homes, give that figure a moment to sink in, €100m! The report also showed that a staggering 80% of burglaries took place while occupants are in the home. Continue reading Burglary – Simple steps to lessen your risk