As a small business owner or part of a corporation, we all invest in insurance to minimise the impact caused by unplanned events like Cyclones and storms. However, when faced with unexpected disasters, navigating the complexities of insurance policies, insurance companies, brokers and the third parties to assess and manage repairs, adds another layer of stress to an already difficult situation. Getting objective, professional advice and effective assistance that leads to timely, complete insurance payments is crucial for recovery. That’s where WorldClaim Partners comes in.
We specialise in working on behalf of policyholders, providing an independent and thorough assessment of complex insurance claims and the policies they relate to, with a focus on understanding the impact the loss has on your business. Beyond simply collating information for your insurance company after a loss, we take a proactive approach to recovery, helping to re-establish your business as quickly as possible.
What to expect when you lodge a storm damage claim
Having your Cyclone Alfred damage insurance claim managed by WorldClaim Partners means that you have a professional organisation acting in your best interests. We can help save you time and money, give you access to decades of specialised knowledge and experience, provide better returns, and work towards maximising the return that you deserve. You can have confidence that we are here to help you recover quickly when the unexpected happens, and for businesses, our costs are usually recoverable through your policy.
1. Claim Validity
Does your insurance cover the event that you’ve just experienced? After the event, tell us the details of your policy and we can quickly determine the extent of your coverage and whether you have a claim or not. Claims can often be wrongfully denied by insurance providers.
2. Preparation
WorldClaim Partners collaborates with you and your accountant or bookkeeper to compile, sort and analyse your information and visual evidence for claim lodgement, making sure that it is complete and properly formatted. All insurance providers are demanding about presentation.
3. Lodgement
With your signed approval, we lodge the claim on your behalf, handling all negotiations and pushbacks with the insurance company and their representatives to expedite full payment as quickly as possible.
This includes bringing offers and suggestions to you.
4. Settlement
WorldClaim Partners relentlessly pursues the claim settlement, arranging for deposit of the funds into a trust account and transferring the net amount to you after deducting the agreed fees with your approval. Recent industry enquiries have identified payment delays as a tactic used by insurance providers.
What you need to do to get started
Having your claim managed by WorldClaim Partners means you are always informed about its progress. Importantly, we identify both immediate and long-term risks arising from this type of damage – risks such as hidden structural damage, toxic mould growth, repairs not meeting current building specifications, and even payouts that may not cover full reinstatement due to dramatic increases in costs from resource shortages. There are three key areas we need to check for validity.
Visual Proof of Damage
This can include pictures, videos and news reports etc, showing the extent of the damage dated and timed. Internal as well as external imagery, dated and timed so that the evidence of the damage is clear and is able to provide irrefutable proof to insurance adjusters who will be looking to pick holes in the argument.
Organisational Details
Provide complete details of your organisation, including key contacts, address, business size, and the extent of damaged properties. Begin collecting proof of damage to stock, fixtures, fittings, and furnishings, especially those recorded on the balance sheet or supported by receipts, to strengthen your claim.
Insurance Policy Details
Full details, summary and PDS that relates to your businesses insurance policies including physical damage, impact on suppliers and business interruption.
We just need the copies of these documents so that we can review and provide informed analysis of their relevance.