Commercial Property Claims Handling: The Roles of the Claims Specialists
- Topics:
- Property
- Tags:
- Business Operations,
- Commercial Property,
- Corporate Insurance,
- Insurance,
- Insurance Company,
- International Risk Management Institute Inc.
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Overview: It is seen that both insurers and insureds call on claims adjusters, accountants, and attorneys for help with claim. However, the claims adjusters, accountants, and attorneys that offer their services to insurers are distinct from those that offer their services to insureds. The article describes these experts, outlines the services that they can provide, and identifies the situations in which insureds and insurers typically elect to use their services. Normally, insurers use two different types of adjusters to investigate and settle claims: staff adjusters and independent adjusters. In performing all of these tasks, the adjuster involves experts from other fields, if necessary. Thus, insurers generally scrutinize claims submitted by public adjusters much more carefully than others do. Also, an insured that elects to hire a public adjuster may find that the agent's or broker's claims representative is unwilling to be involved in the claim.
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Format: HTML | Date: Mar 2000 | Pages: 1
