IF3 - Chapter 7: Related Services

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7 Terms

1
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What are the main support-type insurance services?

Helplines, authorised repairers and suppliers, risk control/advice, uninsured loss recovery services, legal expenses and claims management companies.

2
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What is an insurance helpline?

A service giving policyholders access to advice and assistance, often by telephone, as an additional benefit alongside insurance cover.

3
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Why do insurers use authorised repairers and suppliers?

To help control repair costs and quality while providing an efficient service to customers.

4
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What is risk control and advice?

Services designed to help an insured identify, reduce and manage risks, which can help prevent or reduce losses.

5
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What is an uninsured loss recovery service?

A service that helps an insured recover losses from a responsible third party that are not covered by their own insurance.

6
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What does legal expenses insurance provide?

Cover for certain legal costs and expenses, subject to the terms and limits of the policy.

7
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What is a claims management company?

A business that provides services to help customers make or pursue claims.