We are excited to announce that we will be attending the exhibition BIBA2018. (stand B80) What is BIBA? BIBA (British Insurance Brokers' Association) formed in 1977 is the UK's leading insurance intermediary organisation.
A new study has shown that the number of cancer related death for firefighters of the age 75 or under are three times higher compared to the general population in the UK.
When dealing with a claim, Insurance Companies would usually hire a Loss Adjuster who would actually seem independent but are actually paid for and only work for the Insurance Company. This means that when the Adjuster's time come to adjust your loss, they would be working with a small bias
According to the Association Of British Insurers, claims that need to be covered by UK based underwriters from Hurricane Irma could be as much as £10 to £20 billion. It is also estimated that only 12 percent of homeowners affected have adequate flood damage and storm damage insurance.
An owner of a jewellery store has had £2,225 worth of goods stolen in February. After contacting the insurers (Legal and General) looking to claim. Their insurance only offered them £1,257 in cash to replace what they had. Or the absurd offer of vouchers in full amount to use in a different jewellery store.
Ransomware: WannaCry Ransomware are particularly nasty viruses that infect computers over the network and lock your personal data. Afterwards they demand a ransom fee to unlock all your data usually by the cryptocurrency "bitcoin". The biggest Ransomware attack just occurred in the begging of this month.
An Insurance Company has been accused of "giving the industry a bad name" for rejecting a Flood Damage Insurance Claim by a family whose home was hit by flooding near Bridgend. How Insurance Companies Operate Insurance Companies can often interrogate you and make you feel like you are the one to blame.
White goods appliances - mainly washing machines and tumble dryers - account for as many as 60 house fires a week in the UK alone according to Which? The number of fires has increased each year for five years. Which? wants the authorities to tackle the issue of fire damaged properties due to appliance failure
I just had a Fire or a Flood and I need to Claim, What should I do? The very first thing you need to do is to engage a Loss Assessor. It is your responsibility to mitigate any damage and prevent it from spreading. Insurance Loss Assessors have vast experience in Insurance Claims Management
New statistics claim that one in five home insurance claims is repudiated (not paid) by Insurance companies. The Association of British Insurers published figures to promote transparency and understanding with consumers and the general public.
Recent storms have made us more aware of the effects that heavy can have on our communities. Making good damage to your home after flooding is tough. It doesn’t have to be too difficult with the right assistance. Maybe you reside in a high-risk flood area. The following will help you in the event of a flooding incident
The Dangers of Smoke Residue The fire triangle- Fuel, Oxygen and Heat. In laboratory conditions these 3 elements balanced result in complete combustion. In the real world of Fire insurance claims , the unequal balance of the 3 elements result in smoke residue (soot) being produced to some degree.
According to a leading Insurance claims management company, about 2 in 10 of the claims they are assigned to end up with a complaint. These are valid claims that Insurers have accepted they will pay who have failed to meet with the policyholders expectations.
If you choose to own your own business, and you have the public coming onto your property or you are involved in a repair type service where you either destroy or fix clients property, then one thing that you will need is public liability insurance.
25% of people in the UK have no arrangements for contents Insurance cover and most do not have any savings to replace fire damaged items or flooded elements of their home. A high proportion of these were people who rent, especially those in council homes or housing association properties.
Smoke alarms are available from most high street retail outlets. Your local fire brigade will be able to advise you further, but any model with either a British Standards Kitemark, or a Loss Prevention Certification Board (LPCB) symbol, will have been rigorously tested for its safety and reliability.
Mould growth within the indoor environment has long been linked with poor health and property damage. It is a likely consequence of water damage insurance claims that often ends up as an unrecognised issue by the insurance claims loss adjustor.
Theft Insurance Claims As the clocks go back for daylight saving, the darker evenings will mean a sharp increase in burglaries and theft related crime. A major Insurer has reported that last year Theft Insurance claims notified to them at this time of year saw an increase of over a third.
Frighteningly, Halloween & Bonfire season see a sharp spike in fires and theft related crime. Making a claim and dealing with an Insurance company can be scary, fire damage insurance claims are a nightmare. It is common for people let their guard down and open their properties up to welcome trick and treaters.
Inadequate insurance cover when making a claim often results in serious financial problems could cripple a company where the amount claimed is more than the Insurance policy allows for. Most policyholders are fundamentally uneducated in the consequences of poor sums insured.
According to recently published figures by the Association Of British Insurers, the cost to Insurance companies through claims over the last 5 years in London alone as a result of firedamage caused by faulty appliances exceeds £120m.
Unless you are in the industry, most will be unaware of the toxicity of smoke. It’s not just heat that causes damage. Temperatures in even the smallest of fires regularly exceeds 1000 degrees centigrade. Smoke is insidious and remains a big problem long after a fire has been extinguished.
Cyber Crime A relatively recent number of claims are appearing and in ever increasing numbers relating to cybercrime. Information technology is prevalent in both our personal and working environments, and we rely on the use of computers and the web to store data every single day.
An EOW or escape of water - a leak, to you and I - has been deemed the most common cause of home insurance claims. And the number one cause of water damage in the home is burst and frozen pipes. Even a small leak can do serious damage.
Are you having problems with your Insurance Claim When you inform your insurance company that you need to make a claim the first thing they will do is appoint a loss adjuster from their panel to protect their interests. What is a Loss Adjuster?
If this is your first time making an Insurance Claim. You might not be sure where to start, or the process of starting an Insurance Claim might seem very daunting. It is always good to know what options you have available so the Insurance Claim can run more smoothly without any problems.
Having to experience an incident such as water, fire or theft damage can be extremely frightening. On top of that, you begin to worry about the long daunting process of making an Insurance claim. By following this list, you would have a better understanding of how an insurance claim is handled.
Insurance's are designed to help cover loss during a disaster. Having a good Insurance package that can cover all aspects of your home is crucial. Here is a list which we have put together that can help you identify any risks or potential hazard in your home.