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Who are Casualty Adjusters? Many of the insurance companies in their marketing messages will not inform you about the role of property adjuster when you lose your house to an accident. Therefore the insurance clients have the assumption that the only item required when accidents occur is filling and filing claims’ form. What they do not know is that insurance companies have a property appraisal dependent who decision will affect the compensation. Property owners are advised to have knowledge on the roles played by casualty adjusters. Activities carried out by the property claim appraisal department in insurance company are. Property adjusters research the cause of the accident. This is done to ensure the accident is not a result of the property owners’ negligence or it was intentionally caused. The casualty adjusters will interview the property owners, the property neighbors, and other relevant parties. Also, the appraisal will require police issued information about the accident. Property claim appraisers are also responsible for estimating the spread of the accident on the property. The aim is to quantify the accident loss in monetary terms. The estimate is used in determining the liability of the insurance company to the home owner. 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. Also, the casualty adjuster will find out whether the insurance contract was valid at the time of the occurrence of the accident.
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It is very likely the decision made by casualty adjuster to be biased against the home owners. Making it necessary for the insurance client to get independent property appraisers to represent them. The functions of an independent personal casualty agent are. Personal casualty adjusters are involved in the process of filing for claim. People usually undermine the importance accuracy in this stage because they do not understand the insurance company may deny liability as a result of inaccurate claims form. Thus it is very important to get the guidance of a qualified property claim appraiser.
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They also reject any report by the insurance company on the accident by inaccuracy. The inaccuracies in the insurance report claim is supported by the personal casualty adjusters having their testimonials. 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. Negotiation involves getting the true money loss. Undermining the value of the compensation is the key responsibility of the property claim appraisal insurance department. Hence the role of the casualty adjuster you hire is to ensure the accurate settlement is passed.