Goods Replacement

Goods Replacement

Our organisation has committed considerable R&D resources to the challenges faced by insurers in accurately validating contents claims. Heretofore, the standard market response was to validate using retail-led validation and valuation. This approach rarely met the “like-for-like” criterion and gave rise to the considerable risk of cost inflation. Our response was to form a joint-venture with a UK market leader, BeValued, which uses a unique method of "validation-by-specification" and valuation by reference to up-to-date, often daily, pricing.

Adjuster skillsets are supported by an iterative database, using workshop manuals, handbooks, and detailed specification charts. Correct and accurate valuation is achieved by means of best-price supply chain input feeds, cross-referenced for exact replacement or nearest equivalent, models.

The key outcome for our clients is a correct, well-informed claims investigation interview, supported with accurate specification and up-to-date pricing. Supply chain discounts reduce the cost of the claim for the benefit of all stakeholders.

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