Preventaloss is a company offering full and comprehensive loss adjusting, assessing and claims related service to the insurance industry.
Burglary, Theft, Armed robbery and Building (Plumbing, Special perils, Subsidence and landslip)
Accident related damage
9 March at 11:05
Time erodes awareness of…
This timeless directional saying elucidates the current situation with brokers in the insurance fraternity. What is the responsibility of your insurer, your broker, the assessor / loss adjuster before you have a claim, when you have a claim and after the claim? This is however a complicated and extensive subject that I will illuminate in several blogs to enlighten our readers. Yes, short term insurance is in the current date, age and environment a complexed subject. There are so many twigs to this subject that it is difficult to keep track. However I will keep it simple and away from the small print to enlighten you, the reader on your best resolve in understanding insurance. Due to the current competitiveness of the short term insurance environment you the client can “hop, skip and jump” from insurer to insurer. This is good news for the short term for you, bad news for the insurers and a lot of stress on the brokers. My personal view is that brokers are a necessary nuisance in the process facilitation the operation between insurer and the client the insured, you. The reason for my comment is probably more relating from my experience with them during my operational activity as Loss Adjuster than my personal dealings with them professionally and or with friends in the profession. Professionally I think they are “assholes”, well 50% of them, but personally I would want my broker to be one in the right manner, furthering not only my claim but also my policy or contract with the insurer. The value of a good broker or intermediary as they are known must not be under estimated. When the broker is not only looking after his own pocket and just collecting money from your policy on a monthly basis, he / she can really add value to your insurance experiences.
To be continued…
Please watch this space for our blog. Here we will hear from Leon about Preventaloss and some interesting information and views on the insurance industries.
Please fill out the form below to send us an email and we will get back to you as soon as possible.
Unit 1,4,6 Dirk Romijn Building
c/o Strand and College Rd
+27 21 949 3094