Insurance Consulting Services
We understand the claims process from start to finish and our team is known for the expertise, experience, and accuracy in providing prompt claims services to our clients. We are committed to delivering the best to our clients.
We seek to handle our clients’ appraisal needs with the highest amount of integrity and customer service, but more importantly, we seek to build a relationship with our clients that encompasses our founding principles: Integrity, Ingenuity, & Excellence.
What is an Insurance Appraisal?
An insurance appraisal is a process by which an expert determines the value of a property in order to make sure its owner receives the coverage amount they are entitled to receive from their insurance company.
What is the Purpose of an Appraisal?
The purpose of an appraisal is to provide a means of alternative dispute resolution that provides a quick, inexpensive and accurate determination of the extent of an insured’s loss. In most cases, demanding appraisal is the first and only option when settlement can’t be reached between the insurance carrier and the insured party.
Insurance Appraisal Consultations
We take great care in handling disputed claims that move to appraisal. We understand the appraisal process from start to finish and are routinely named as either the appraiser or the umpire in losses across the U.S.
Every step we take is based on expert knowledge from the team here at Vector Risk Solutions, and our dedication to excellence has created a record of resounding success. Vector Risk Solutions is a proud member of the Insurance Appraisal and Umpire Association.
Loss Control and Underwriting Inspections
The partnership between a policyholder and the insurance company is our top priority. Loss control inspections and periodic risk assessments are the most effective ways to contain insurance costs, prevent losses before they happen, and identify unknown exposures.
What is a Loss Control Inspection?
A loss control inspection is an assessment of the insured party’s operations, policies and procedures. We focus on areas such as safety, employee training, fire prevention, hazard identification and corrective actions to reduce or eliminate potential exposures.
What is the Purpose of a Loss Control Inspection?
A Loss Control Inspection is all about helping you evaluate and asses your risk and your safety plans and procedures. This helps prepare for a loss and even prevent losses in the future. Your business and the insurance industry are always evolving and we want to help you to see your exposure and adapt good preventative loss practices. It also will be saving you time and money along the way.
The primary purpose of the Loss Control Inspection is to confirm the correct classification of business for the purpose of assessing its risk. We can help determine the best methods for avoiding and controlling the costs of accidents or injuries. This minimizes cost and minimizes the lost productivity that accidents and incidents cause.
How Does Vector Risk Solutions Help?
We are experts in handling loss control and underwriting inspections reviews. Each of the consultants on our team is highly qualified to handle all aspects of the process and with a dedication to greatness, you and your policyholders will maintain a positive working relationship for years to come.
Large and Complex Loss
All large loss claims are complex and detailed endeavors and are largely dependent on the circumstances surrounding the loss. When a significant area or portion of a structure is damaged, not only does the actual repair take time, but so does the claims process. This can often cause a large part of your policyholder’s business to be put to a halt.
What Makes These Claims More Complex?
Large losses are typically more complicated than small losses and require a deeper dive into the facts, data and evidence associated with the incident. The investigation process can often be lengthy due to the complexity of such cases. Additionally, large claims often involve multiple parties or entities who have different interests in the outcome.
Ultimately, the extent of the damage to the structure will determine how the claim is handled and the steps that will be needed to move forward. Regardless of what your situation looks like, having a dependable team to rely on makes all the difference. When dealing with a large loss, it’s important to know how to handle the situation, and with the experienced adjusters at Vector Risk Solutions your mind can rest at ease.
What is an Example of a Large and Complex Loss?
A large and complex loss could include a fire, flood, catastrophe or other natural disaster that causes extensive damage to the insured property. In such situations, the claims process can become complicated quickly due to the scope of damage and multiple parties involved.
How Can We Help?
Vector Risk Solutions has extensive experience in handling large, complex losses and uses that knowledge to move each step of the process forward in an efficient and timely manner. Our team is adept at recognizing which experts will need to be contacted for each specific claim.
We are experienced in identifying the complexity of the claim as a whole and explaining unforeseen needs such as environmental experts, public affair specialists, salvage specialists and more.
Contact Us for Insurance Consultation Inquiries
We are committed to delivering the best to our clients, so they can provide their policyholders with the best and most efficient adjusters in the business. Let us lead you through any problems that may arise, and rest assured that you have the expertise of a well-seasoned team to make the path as smooth as possible.
We strive to match the talent we have available with the demands and needs of the clients we serve, providing everyone involved with a superior claims experience. For specific information and questions, email us at email@example.com or contact us online.