FAQs
Frequently Asked Questions
As tax budgets shrink, Incident Response Cost Recovery has become an acceptable and highly reliable revenue stream practiced by First Responders across the nation as well as internationally!
As quoted from the Insurance Journal Sept 2011, “Though the types of fees and rates vary considerably, one thing is clear – the recovery of fees by first responders is here to stay and Insurance companies will see those fees as part of routine claim submissions.” As a seasoned cost recovery provider, we understand your needs, and deliver the personalized service you deserve! The additional revenue stream becomes a source of funding you can rely on while your actual response costs are reimbursed through responsible parties insurance or commercial claims coverage. This funding source was established under fire policies in the late 1700s with your specific needs in mind, and the concept has expanded to include vehicle and commercial exposures, encompassing a full range of reimbursement for the modern First Responder’s needs.
Our communities are increasingly burdened by ever rising taxes and decreasing community services.
No community service in our nation is suffering more than our First Responder programs. Instead of being able to focus on battling fires, more and more fire departments must battle funding issues. This is a story retold in communities all across America! Our cost recovery program allows you to refocus on your priorities while we quantify and validate response costs, allowing your expenses to be reimbursed and precious funding to be returned to where it belongs: your community!
When you respond to an incident in your community or as mutual aid, Cost RecoveRX will process a claim with the responsible parties Insurance requesting appropriate reimbursement for your actual costs.
You supply us with the initial response data, choosing from a variety of convenient submittal methods, then we handle the rest. With over ten years of industry specific experience, Cost RecoveRX understands the claims process allowing your claim to move through the system effortlessly and successfully. You receive a monthly statement with your total month’s collections, minus our standard professional fee deducted from the total amount we have collected for you. We only get paid when you do. There are no other costs to your department, no long-term committments, and we will work closely with you to design your program to fit your needs.
Request more information or contact Cost RecoveRX at (888) 963-9503 or info@costrecoverx.com. Provide us with basic information about your department and a Cost RecoveRX agent will contact you to learn more about your department’s needs. We will work closely with you to design a program that steers your budget back on the road to fiscal health!