complexity my a*se

shimself
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complexity my a*se Jun 6, 2022 10:08:56 GMT Steerpike, registerme, and 2 more like this

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Post by shimself on Jun 6, 2022 10:08:56 GMT

Question (31/05/2022) (re Epping)

"We understand that the valuer is now in liquidation and it is not known whether there is a notified insurer."

What does NOTIFIED mean, and surely you always verify that the valuer has sufficient liability insurance as part of standard due diligence?

Answer (06/06/2022)

Thank you for your question. Please note that as a result of its complexity, the AC team is unable to provide an immediate answer. We aim to have an answer or, at the very least, a further update on progress within the next five working days.

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I have shares in Assetz, Syndicate Room, The Housecrowd.
They are as nothing compared to my investments on and reliance on the good health of many other platforms here.

ilmoro
Member of DD Central

'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd

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complexity my a*se Jun 6, 2022 10:30:58 GMT blender and shimself like this

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Post by ilmoro on Jun 6, 2022 10:30:58 GMT

Jun 6, 2022 10:08:56 GMT shimself said:

Question (31/05/2022) (re Epping)

"We understand that the valuer is now in liquidation and it is not known whether there is a notified insurer."

What does NOTIFIED mean, and surely you always verify that the valuer has sufficient liability insurance as part of standard due diligence?

Answer (06/06/2022)

Thank you for your question. Please note that as a result of its complexity, the AC team is unable to provide an immediate answer. We aim to have an answer or, at the very least, a further update on progress within the next five working days.

Well mine was more complex as it required 5 pieces of info from the file - same response - probably need to give them a head start on the applicability of the 2010 Third Party Rights against Insurers Act

Minor shareholder in AC, BO, FO, CP, WA, Pfi, Ccube, Sdrs, AE, ABL. AC beta test. LAG, MTAG, FSAG

PLEASE NOTE : All opinions and observations made on this forum are my own view and made in a personal capacity. I have no links to any platform nor am I a financial professional so posts should not be considered financial advice or promotion. I accept no responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information contained in my posts.

blender Member of DD Central Posts: 5,719 Likes: 4,272	complexity my a*se Jun 7, 2022 8:02:02 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by blender on Jun 7, 2022 8:02:02 GMT I guess that the third party is the platform, but not the p2p lender who suffers the actual loss. If the p2p lender could claim against the insurer of the p2p valuer then the valuations might be more careful. Or have I got it wrong, again?

Post by shimself on Jun 6, 2022 10:08:56 GMT

Post by ilmoro on Jun 6, 2022 10:30:58 GMT

Post by blender on Jun 7, 2022 8:02:02 GMT