A CATS
consultant will confirm whether a repair or replacement quote or invoice, is
like for like as well as fair and reasonable.
CATS can validate any product or service being claimed for, that is technology related.
Where CATS identify inaccurate quotes or excessive margin from an insured’s incumbent supplier, a CATS consultant can use their trade status to negotiate with that supplier, to minimise claim spend.
- CATS trade status reveals the margin being made by a policyholder’s supplier, which is then used to determine whether any repair or replacement quote or invoice presented is fair and reasonable.
Please note that negotiation from CATS, as part of the validation service, is particularly useful in situations where goods have not yet been repaired or replaced to aid with a fair and reasonable settlement.
- Savings of up to 40 % on average, for settlement purposes can be achieved.