Editor's Blog1 min ago
Renewal Quote
Hello:
I am having my insurance renewed by a company and they have shown the claims we have made this year.
However, on the renewal policy, the broker has put a settlement figure of say,£1,000 which he says covers the fees of the assessor as well as how much I received as settlement.
I feel that the total figure will work against me as it is much larger than the amount I actually received.
Is this all correct or should I get a breakdown showing the difference in fees and setttlement or am I allowed to have the assessors fees removed entirely?
I am having my insurance renewed by a company and they have shown the claims we have made this year.
However, on the renewal policy, the broker has put a settlement figure of say,£1,000 which he says covers the fees of the assessor as well as how much I received as settlement.
I feel that the total figure will work against me as it is much larger than the amount I actually received.
Is this all correct or should I get a breakdown showing the difference in fees and setttlement or am I allowed to have the assessors fees removed entirely?
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The amount the claim was settled at will include all costs paid by the insurer, so the amount you received plus any fees they incurred such as a loss adjuster, engineer etc. A breakdown may help you to understand what they paid out, but it won't be of much use other than that. If you are looking for alternative insurance quotes then the insurance companies you approach will want to know the total paid out, ie including all fees, as this will help them to calculate their premium.
Only 1 answer
