Assessing Loss to a Property and Claims Adjustment Process

Case Code: INS007 Case Length: 04 Pages Period: 2003 Pub Date: 2003 Teaching Note: Available

Price: Rs.100 Organization: Varied Industry: Insurance Countries: India Themes: -

Abstract Case Intro

Abstract

The case examines the various aspects of a property claims adjustment process and the role of the claims adjuster in the process. Further, issues like the application of detailed insurance policy provisions to specific situations are examined. Indemnification of losses by property claims adjusters and the need for objective quantification are also discussed. Apart from this, the assessment of the amount of loss and the duties of the insured, following a loss, are covered.

Issues

• Understand the general issues in property claims adjustment
• Identify problems associated with the assessment of the amount of loss

Keywords

Property Claims Adjustment, Role, Claims Adjuster, Process, Issues, Application, Detailed Insurance Policy, Mined. Indemnification of Losses, Property Claims Adjusters, Objective Quantification, Assessment, Amount of Loss, Duties of the Insured

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