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A Guide to Property Adjusters When selling their products insurance company will neglect to tell the client on the functions of casualty adjusters when they incur property losses. Property owners are misled to the belief that compensation process only involves having a filled claims’ form. Only to come to realize that, they are an insurance department made up of casualty adjusters who determine whether they will be compensated or not. Therefore it is important to understand the functions performed by casualty adjusters. The following guideline illustrates the functions performed by property adjusters. The property claim appraisers are responsible for evaluating the report on the cause of the accident. The evaluation is to make sure the property owner in any way either willing or unwilling did not cause the accident. Investigations involve asking home owner questions and also any other relate parties. They will get the police statements issued. The other function of property adjusters is determining the level of damage to the property. The aim is to quantify the accident loss in monetary terms. This will influence the settlement value. Property claim appraisers are also responsible for matching the cause of the accident with the insured risk. For example if the house was covered against the risk of fire, but the cause of the fire was arson then the owner will not be compensated. Property claim appraisal will also enquire whether the conditions of the insurance agreement had been observed by the home owner.
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Many of the time property claim appraisers will present finding that is favored towards their employer the insurance company. Hence it is recommendable for property owners to outsource the services of an independent casualty adjuster. The functions of an independent personal casualty agent are. They help the property owner in filing of the claim form. This may seem like a simple task but giving false information in the claim form may cause the owner not to be compensated even if the mistake was not intentional. Thus it is very important to get the guidance of a qualified property claim appraiser.
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Personal property adjuster will also oppose biased reports presented by the insurance company’s casualty adjusters. This is done by them conducting their independent investigations. To agree both parties present their reports to a third party who will make a ruling. They negotiate on behalf of the home owners on the terms of settlement. This involves bargaining on the actual value of the loss. Undermining the value of the compensation is the key responsibility of the property claim appraisal insurance department. Therefore it is the work of your property adjuster to negotiate a fair compensation.