My insurers have offered me a cash settlement, should I accept?

Posted by on Jul 20, 2012 in | Comments Off on My insurers have offered me a cash settlement, should I accept?

We work for both Claim Services and directly for the Customer. In certain circumstances, cash settlements may be appropriate, but must be considered carefully before being accepted. You, as the policyholder, need to decide what is right for your needs.

Ensure that you can actually have the repair and reinstatement work undertaken for the sum offered – we can provide a free quotation for these works. If further works are required (additional unforeseen items that are discovered after the repair works have commenced) you may find that you have accepted a cash settlement of the claim and are unable to recover any additional costs through your insurance company. With 20 years experience of undertaking Insurance Repair, Restoration & Remediation projects, we do our best to ensure we identify any potential problems from the outset.