There are usually differences between the claim presented by the Insured and their expert and the loss adjustment proposed by the experts acting for the Insurers. Based upon our own …
It is very important and desirable that the information provided by the expert to the Insurance Company and/or the Insured, depending upon who they were contracted by, is well organised …
In fire claims, some assets are destroyed and, inevitably, must be replaced. Others, on the other hand, only sustain partial damage and can be recovered. Indeed, what tends to happen …
Learning the source or root cause of a loss event is, along with the appraisal of the loss and damage, the most important task of a loss adjuster in the …
In his Book “Industrial Loss and Damage Claims, published by AGERS, the author Roberto Revenga analyses real claims and the main covers that industrial firms require. He stresses the need …
Often we have had cases where apparently a machine has been left so damaged following a Fire or Machinery Breakdown event that it has to be replaced. However, before taking …
In our opinion, there are three conditions and moreover, it is necessary that all three are met for there to be any indemnity payable under this cover. The first condition …
As defined in 2007 by the inventor of the theory, the renowned Lebanese researcher Nassim Taleb, a “Black Swan” is an unlikely occurrence that takes us by surprise and has …
The fact is, insurance policies are contracted by companies in view of the chance that a loss event might occur causing them substantial loss and damage. If there were never …
Whenever the Loss of Profits or Consequential Loss policies issued by the London Market establish a Deductible or Excess of, say 10 days, this is construed as being the first …
In the insurance sector you often hear it said that if a piece of machinery has a Maintenance Contract, then it no longer needs any Machinery Breakdown Policy because the …
We at VANTEVO routinely have meetings with leading Brokers, during which some of them tell us – half joking, half serious – that the Material Damage All Risks Policy, in …
