hello@prizmsolutions.co.uk
01827 313 931
Benefits of loss recovery insurance at a glance:
How much does loss recovery insurance cost?
The cost of loss recovery insurance varies, as different insurers charge different amounts.
Most policies retail for less than £100 per annum, but at Prizm Solutions, we have some policies that cost as much as £5,000 because the insurance cost is linked to the size of the premium for the property being insured.
Who can I talk to about Loss Recovery Insurance?
Call Prizm Solutions on 01827 313931 or email us hello@prizmsolutions.co.uk. Or if you’re passing our offices in Tamworth, simply pop in! Just check our office hours on Google to make sure we’re open.
Have a question?
Our team is
here to help!
One of our team will talk to you about your current circumstances in order to advise the best way forward. If you’d prefer to visit us at our offices in Tamworth, feel free to pop in! Just check our office hours on Google to make sure we’re open.
If, in the case of a claim with a large loss, you decide it might be best to employ a Loss Assessor to act on your behalf, to help you get what you deserve as part of your claim, then it’s beneficial to have purchased loss recovery insurance in advance. If not, a Loss Assessor can charge you up to 10% of the value of the claim.
Both a Loss Adjuster and a Loss Assessor do the same job, the only difference is that one acts on behalf of the insurance company (the Adjuster) and the other on behalf of the insured client (the Assessor).
It varies according to the policy wording, but most policies operate once a claim (total of damage and profits, where applicable) exceeds £5,000.
Loss recovery insurance is not involved when handling Motor, Liability, Marine Cargo or Terrorism claims. It is only there to provide specialist in-depth assistance with Property & Loss of Income (Business Interruption) claims.
A loss under your primary policy will trigger a claim under this type of policy. As soon as we become aware that it is a serious matter, we will get a Loss Assessor appointed immediately.
Currently at Prizm Solutions we deal with Qlaims, DAS & Lorega, but this may change as insurers enter and exist this insurance market.
If you need to make a claim on your insurance, you need to call your insurance broker or insurance company straight away.
If you have a policy with Prizm Solutions, then you simply call us.
As your broker, we are here to help – and we will provide you with all the contact numbers you need to deal with a claim when you take out the policy.
Take a look at our real clients with honest reviews
View all reviews
Independent and friendly insurance brokers in Tamworth
Let us help you find the right cover for you.
Prizm Solutions Limited
First Floor
The White House
16/20 Church Street
Tamworth
B79 7DH
Prizm Solutions Ltd are authorised and regulated by the Financial Conduct Authority.
Prizm Solutions Ltd are registered in England and Wales, Registration Number: 05936749, Registered Address: First Floor, The White House, 16/20 Church Street, Tamworth, B79 7DH.
TERMS & CONDITIONS | PRIVACY POLICY | © PRIZM SOLUTIONS LTD 2024. ALL RIGHTS RESERVED | DESIGN BY SWD
Connect with us
Fill in our enquiry form or pick up the phone and speak to one of our friendly, helpful team.
We’re here to assist you to put plans in place, to help provide you with some protection from those unexpected curveballs that can be a normal aspect of everyday life!
So, let us help you find the right cover for you.
01827 313 931
REQUEST A CALLBACK
hello@prizmsolutions.co.uk
