Claims for uninsured losses need to be carefully quantified according to LMI Group's Director, Allan Manning. Brokers should alert their clients to having losses properly quantified where there is a potential right of recovery, so that any delays in litigation do not prejudice their ability to quantify the loss. Allan also advises that many Insurers are willing to add the uninsured portion of the loss to their recovery action, provided the loss is quantified at the client's expense. It is also prudent to have the cause of the loss examined by an expert. This may well determine that there is a right of recovery from a third party, not to mention reducing the likelihood of a recurrence. LMI Group employs specialists in cause and failure analysis.
For further information, please contact our Managing Director, Allan Manning: