3 Ways that loss assessors can help you get the max payout from your insurance company

Loss Assessors are an entity that is hired by a policyholder to negotiate an insurance claim with an insurance company. Their main purpose is to ensure you that you will receive the best and correct settlement in case an accident happens. Loss Assessors has been known to assist policyholders from the start of the claim to the end for a small fee. Think of the loss assessors as the defenders when it comes to insurance companies. Some companies would refuse to settle your claim or give you the minimum pay out in each claim which can lead to bankruptcy on the policy holder’s end. If you are a small business owner then hiring a loss assessor can be very advantageous because they are the link between you and your insurer to make sure that your insurance claim will pay out when the time comes that you needed it most. They will act on your behalf to assess the damages of your property and business and ensure a correct amount of claim will be awarded to you and there will be no unjust expenses at your cost. If you are in the middle of negotiating an insurance claim then hiring a loss assessor will give you these small but very important benefits that will maximize your payout from your insurance company.

 

  1. They Provide the suitable amount of payout for your claim

Loss assessors will personally view the lost or damaged property and assess the damages for themselves. This is one advantage of hiring them. By assessing it by themselves, they will know the exact amount that you should claim. Most policy holders make the mistake of overestimating the compensation which gives the insurance company the right to refute their claims which will lead to a long process and they end up losing and not getting the just compensation. Some policyholders will just settle immediately to the given amount of the insurance company without knowing the real amount that they should receive. By hiring a loss assessor they have the means to give you the exact amount and will fight for you to achieve that amount. By researching similar cases of your insurance claim they can provide pieces of evidence to support your claim.

 

  1. It saves you time and effort

If you are a busy man, then hiring a loss assessor will be of great help. When you think about it, fighting for an insurance claim will take a lot of time and effort and even money. One thing about loss assessors is that they have the “no win, no fee basis” so they have to work hard to get your claim so that they will also be paid. It will elevate you from further stress which you will get once you face off with the insurance company’s’ loss adjuster. You won’t have to spend a lot of time and effort gathering the necessary documents and pieces of evidence to support your claim. By simply hiring a loss assessor, you will be relieved of stress from fighting for your rights on an insurance claim.

 

  1. They will help you in avoiding a battle against a loss adjuster

Loss adjusters are entities that are hired by an insurance company to come into agreement with a policyholder in the amount which the insurance company and the policyholder can both agree on. If you choose to represent yourself, you will be faced with an insurance expert with years of experience, knowledge, and success that works for the benefit of the insurance company. If you hire a loss assessor, then you will have a fighting chance against them. Loss assessors are as experienced and knowledgeable as the loss adjusters. They are what you call “sworn enemies”. Once you hire loss assessors they will defend and fight for your claims and will also free you from unwanted stress.

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Shining a light on the murky world of mattress buying

I recently found myself stumbling around a large, out-of-town homewares store, looking for somewhere to sleep. It wasn’t just because the store wore me out, but because I had entered the mindboggling world of mattress shopping!

When I read that we spend 25 years of our lives sleeping, I thought we’d better make those years as comfy as possible, and started to consider buying a new mattress. I hadn’t realised just how complicated this was going to be. Faced with multiple material options, pushy salespeople and surprisingly frequent ‘sale of the century’ offers, I left the shop feeling more confused than when I walked in, minus a mattress.

So I did what I always do when I’m looking for a really good deal, but don’t want to brave the sales, I settled down in the lounge with my laptop, and here’s what I learnt:

Don’t believe the sale sign

Just because a big red sign makes you think you’re getting a once-in-a-lifetime bargain, think twice. Often mattress retailers will run almost permanent ‘sales’ on stock, and although you feel like you’re getting a good deal, in fact they’ve just reduced their mark-up from 200% to 100%!

It seems that the only way to really get a transparently priced mattress is by cutting out these middle men (meaning the mattress shops and salespeople) entirely, and buying your mattress online.

For example, mattress retailer Bruno doesn’t even sell in shops, simply because they want to offer their mattresses for the fairest price possible. They design and produce the mattresses, sell them through their website and deliver them directly to customers, which means they can keep their prices 30 – 40% lower than high street retailers.

Know your materials in advance

If you do some basic preparation before you start shopping you can save yourself time and money. There are so many choices when it comes to mattress materials, so consider how you actually like your bed to feel before you begin to browse.

Do you really like the feeling of sinking into memory foam (which can be an expensive option) or does it just sound like a trendy choice? Perhaps you prefer the springy, fresh feeling of natural latex.

Are you happiest in a firm, supportive bed or do you like to sleep on a softer, squidgy surface? If you have an idea of what you’re looking for, you won’t risk falling into a trap of false promises and end up paying the price.

Convenience pays off

Don’t feel like you need to spend hours slogging around shops because you think you need to lie on 10 mattresses before you find the perfect one.

Online brands like Bruno understand that you can’t choose a bed based on a 5 minute lie down, and will give you a 101-night home trial, so you can test the mattress in the comfort of your own bedroom.

Add to that free delivery, a free returns policy if you decide to return the mattress within the trial period and a 10 year guarantee, and all the potential risk-factors of making an expensive online purchase are erased.

Also, forget trying to squeeze a 6ft mattress up a spiral staircase and keep an eye open for brands that deliver their mattress rolled up an in box – you can’t get much more convenient than that!

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First-Time Mortgage Advice: 7 Super Ways to Save

Getting onto the property ladder is rarely simple. Mortgages for first-time buyers, for example, require commitment and saving, much like so many other aspects of owning a property. However, with some smart budgeting and utilising government schemes, it is possible to save for your first mortgage and have the joy and benefits of owning your own home.

As it can be such a precarious thing to keep track of, some first-time mortgage advice is always helpful, so here are seven smart ways to save for your first mortgage that any soon-to-be homeowner should stick to.

 

  1. Budget and Start Saving Straight Away

You need to be committed to wanting a mortgage. This means holding back on any other large purchases, such as a car or even a holiday, unless absolutely necessary. Look at your expenses to see what could easily be cut down on, or eliminated altogether. Budgeting is crucial when it comes to saving for a mortgage; limiting those simple luxuries such as hair appointments and those regular Friday night drinks can make a big difference overall. It’s important to note that you need at least 5% of the property value for a deposit.

However, putting down up to 25% will give you more flexibility on mortgages and property. Aim for an amount closer to 25% in your budget and you’re more likely to save a strong amount of money to get you started.

 

  1. Use a Help to Buy ISA

If you’re saving for a mortgage and not already using the Help to Buy ISA, you need to do so right now.

There are a number of banks and building societies that offer the ISA, which is specifically for mortgages for first-time buyers. The government will boost your savings up to 25%, with a maximum of £3,000. To receive the full £3000, you will need to have saved £12000. The scheme can make a huge difference when saving for a mortgage and, as money-saving expert Martin Lewis says, “it’s a no-brainer.”

 

  1. Repay any Outstanding Debt

Any mortgage provider will look at whether you have any outstanding debt such as overdrafts, payday loans, credit and store cards. Your mortgage will be the biggest loan you ever take out, so removing those other debts first will help you immensely and demonstrate to providers that you are responsible for paying loans back. As a new homeowner, eliminating other debt before you get your mortgage will also make it easier to budget and keep on top of mortgage repayments.

 

  1. Check Your Credit Report

Any lender will look at your credit report and see the strength of it as a key factor in what they offer you, so checking this yourself first should be a priority. You can get a free credit report from a number of trustworthy websites. Find out if you have a high credit score or a low credit score and see how you can improve or maintain this.

 

  1. Have a Price in Mind

Property prices are wildly different depending on where in the country you want to buy and what kind of property it is. London house prices can differ massively, based on which area you’re looking at. It’s important to have an area in mind, as this will help you determine how much money you need to save for a deposit. Once you decide where you want to move to, you can budget accordingly and figure out how long it will take you to save.

You may find some great deals on house prices because a lot of renovation work is needed. While getting a smaller mortgage for a property like this might be easier, bear in mind that you’ll then need money to renovate the property.

 

  1. Buy Together

Buying a property with another person is a great way to double your savings for a deposit. For many couples, investing in a mortgage together is a big step and can help considerably with getting onto the property ladder. Buying with a friend is another viable option. For both friends and couples, it’s important to have a thorough discussion beforehand and be clear about the investment in case any disputes occur.

 

  1. Get Some First-Time Mortgage Advice

Mortgages for first-time buyers can certainly feel overwhelming. There are not only a variety of lenders, but also different types of mortgage repayment schemes and other additional fees such as stamp duty and surveyors. Opting for some first-time mortgage advice from an independent mortgage advisor can help immensely. You’ll be able to talk through which options are available and what works best for you and your finances.

 

Scott Farrell is the director of Rite Mortgages, offering independent mortgage advice to first-time buyers and plenty more. Scott and the team can help secure mortgages for first-time buyers with bad credit scores, freelance workers and many other situations.