Category Archives: Claims Settlement

Keeping you informed as to how exactly your insurer goes about settling your claim, the time it takes and the time it should take to get a settlement cheque in your hand.

The Bankers Interest

Posted on September 24, 2010 by admin

ShareOver the years we have dealt with a very large number of household claims. When dealing with large settlements we have discovered surprisingly, time and time again, that the insured will not be aware of the banks interest on their … Continue reading →

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Imbalance of Payments

Posted on April 8, 2010 by admin

ShareLast winter’s severe flooding saw hundreds of policy holders greatly affected both emotionally and financially. Luckily, the vast majority of these policy holders had cover in place and could look forward to prompt settlement to get them back on their … Continue reading →

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A Lesson To Learn, Now.

Posted on March 26, 2010 by admin

ShareAs a result of the November floods last year, Grassland Fertilizers suffered losses of up to €1.3 million when up to 70% of the stock stored at its Cork facility was destroyed. A claim was processed and the underwriters failed … Continue reading →

Posted in Claims Settlement, Commercial Insurance, General Insurance, Value At Risk | Comments Off

Insurance Claims Survey

Posted on March 10, 2010 by admin

ShareWe are currently conducting a brief survey regarding your satisfaction with how your claims are being processed. Please take a minute to fill out our very brief poll.

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Earthquakes! In Ireland?!

Posted on February 2, 2010 by admin

The recent events in Donegal were very mild in comparison and according to the School of Cosmic Physics in the Dublin Institute of Advanced Studies these mild quakes are no indication of a build up to any major event. In fact, most quakes in Ireland are due to the settling and easing of faulted rock stress and are in no way related to fault lines. Continue reading →

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Honesty is the best policy, the Proposal Form

Posted on January 19, 2010 by admin

Your proposal form is a contract, based on the principle of utmost good faith, between you (as opposed to the property insured) and your insurer. In times past, minor details missing from your proposal form were overlooked but recent economic trends have caused all businesses, including your insurance company, to take a much closer look at their activities. Continue reading →

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Flood victims may be jilted by insurers Sunday Independent November 29 2009

Posted on December 2, 2009 by admin

Just like August 2008, much of the flooding of the last three weeks occurred in areas never before considered at risk of floods. If you’re a flood victim whose home has never previously been flooded, your insurer will usually cover the five-figure bill you may be facing for damage. But if your flood is the first of many, you may have no choice but to foot the huge bill for future flood damage yourself Continue reading →

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Top Tips for Flood Damage

Posted on November 21, 2009 by admin

Share Disconnect any external or internal power at ground level Do not dispose of any debris until your insurers have seen damage Remove soft furnishings and floor coverings to dry store Clear all drainage routes around the property and expose … Continue reading →

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The Devil is in the Detail

Posted on November 19, 2009 by admin

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 →

Posted in Claims Settlement, Commercial Insurance, Fire and Flood, General Insurance, Protect Your Home, Value At Risk | Comments Off

Assessors and Adjusters

Posted on October 29, 2009 by admin

Neither the insurance company nor the loss adjuster appointed by the insurance company will prepare or help you to prepare your claim. Under the terms set out in your policy it is up to you to work out the full extent of your loss and submit a properly documented claim to your insurers. You must do this at your own expense. Continue reading →

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