29 March 2017
Temple expands loss adjuster fee insurance with unique claims dispute service
Specialist legal and professional fees expenses insurer Temple Legal Protection, has become the first provider in the market to offer a claims dispute service as part of its loss adjuster fee insurance cover called Loss Adjust Advantage.
Loss Adjust Advantage provides claimants with cover for the fees of expert loss adjusters to attend and assess losses, to help with the preparation and submission of claims as well as the negotiation and settlement with insurers on the claimant’s behalf. Loss Adjust Advantage responds to material damage and business interruption policies and claims, and is the only product in the market to also cover cyber and key person policies.
As part of the product, where a policyholder has a dispute over policy coverage or quantum with their insurer, Temple Legal Protection is the first to provide access to legal advice in relation to their rights and obligations under their insurance policies and cover for the costs of pursuing a claim against the insurer. Where a claim is pursued, and subject to there being good prospects of success, costs such as counsels’ fees, experts’ and court fees, and the risk of having to pay insurer’s costs are covered.
The claims dispute service is provided in partnership with Fenchurch Law, one of the UK’s leading firms working exclusively for policyholders and brokers on insurance disputes, and Insurance Law Firm of the Year in the 2016.
Commenting on the addition of the claims dispute service, Chris Wait, Managing Director of Temple Legal Protection, said: “This unique offering demonstrates our commitment to supporting brokers and their clients’ throughout the claims journey.
“By combining claims dispute advice and funding with our loss adjuster fees insurance cover means we now provide a comprehensive claims support service that enables claimants to achieve a faster and fairer settlement and directly enhances the level of resources brokers can access to support their clients through the claims process.”
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