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A Guide to Property Adjusters The insurance industry is known for sharing of incomplete information such as many firms do not inform their clients when purchasing covers that a property claim appraiser will be used in determination of compensation when they suffer a loss. Therefore the insurance clients have the assumption that the only item required when accidents occur is filling and filing claims’ form. Only when accidents occur resulting in losses to the property owner come to interact for the first time with property claims’ appraisers. Property owners are advised to have knowledge on the roles played 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 reason is to make sure the cause of accident was not due to property owner carelessness or self-inflicted. Investigations involve asking home owner questions and also any other relate 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. This information form the basis for the amount of compensation. It is the role of casualty adjuster to investigate, the insurance principle probable cause. The principle states that only losses resulting from the insured risk will be compensated. Also the property adjuster will determine whether the home owner has been honoring the terms of insurance such paying the insurance.
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The property adjuster hired by the insurance company is more likely to make decision favoring the insurer. Making it necessary for the insurance client to get independent property appraisers to represent them. The functions of an independent personal casualty agent are. They assist the insurance client in the proper way of reporting accident and requesting for compensation. 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. Therefore getting a casualty adjuster will direct you throughout the process of filing the claim form.
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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. Decision is reached by having a mediator listen to both sides and assist in making of the final decision. They negotiate on behalf of the home owners on the terms of settlement. This involves bargaining on the actual value of the loss. Insurance company appraisers role is making the liability to the company as low as possible. Hence the role of the casualty adjuster you hire is to ensure the accurate settlement is passed.