As an insurance industry professional, it’s easy to feel out of your comfort zone when faced with the task of validating an appropriate like-for-like replacement for obscure technology, particularly if you are not familiar with the complexities of the product involved.
It’s essential to identify the details of the original equipment and accurately determine what the most appropriate current replacement would be.
It’s often tempting to rely on information from an insured’s incumbent supplier as they may well have supplied the original equipment and are the most knowledgeable about replacements. However, the question becomes: how can you be sure that any quotes presented for repair or replacement are both fair and reasonable in terms of price as well as accurately like-for-like in terms of specification?
CATS Consultancy team can help, with proven experience across a wide range of various technologies both commonplace and obscure, by providing you with a swift validation, ensuring you are able to make a truly informed decision on the best claim outcome.
Some obscure technology we have previously received: Polymer Machines, Tractors, Telescopes and X-ray units for every part of the body.