Claim preparation clauses
“The insurance by this policy includes the reasonable and supportable costs incurred by the Insured (including
utilising by Insured of external consultants) for preparing, presentation, certification and/or verification of any claim
resulting from loss insured under this policy. This is in addition to the policy limits”
What are the benefits of this clause? Does it only benefit the policyholder? Are insurers hostile to this clause or do they acknowledge that the claim preparer adds value to the claim process.