Property Adjusting
Learn property insurance coverage, property claims adjusting, and scoping and estimating residential dwelling damage.

Course information
Price
$3,695.00
Duration
3 weeks
Upcoming dates to register:
March 1-19, 2021
May 3-21, 2021
June 7-25, 2021
July 12-30, 2021
August 9-27, 2021
September 13-October 1, 2021
October 4-22, 2021
November 1-19, 2021
Nov 29-Dec 17, 2021
Please check back if your course is not yet open for registration
An intensive three-week course on property insurance coverage, property claims adjusting, and scoping and estimating residential dwelling damage. It is designed for entry-level and experienced students who must be able to understand and apply policy language from standard Homeowners and Dwelling policies as they relate to investigating and handling property claims.
The course includes the application of construction estimating concepts to residential building damages. Students prepare estimates on the latest versions of the industry’s leading electronic estimating systems.
Strong emphasis is placed on learning how to read and apply the language in the ISO Homeowners (HO3) policy. Throughout the course, coverage application and structural estimating are integrated using workshops and claim scenarios to challenge the students to apply what they learn.
The student will learn to prepare damage estimates on their choice of electronic estimating systems, practice reporting and produce statements of loss just as they would in the real world of property claims adjusting. Arson, fraud, documentation techniques, reporting formats and good faith handling are also emphasized.
Upon successful completion the student will have the skills to analyze and apply property coverages, be able to investigate the cause of loss, prepare an electronic estimate, prepare a report package and negotiate and settle property losses.
Continuing Education Units:
This course may be available for Continuing Education credits, please contact Vale for details.
Audience:
Entry-level adjusters and claim service representatives who will be assigned property losses involving Homeowner, Dwelling, and Condominium policies.
Individuals with limited experience who will become catastrophe adjusters handling weather-related property losses resulting from hail, wind and/or water damage.
PreReqs:
Attendees must be capable of operating Windows-based programs. Sponsors will need to indicate estimating program selection at the time of Registration.
Syllabus:
Insurance Basics
Insurance Principles
Policy Structure
Provisions Common to Property Policies
Contracts
Elements of a Legal Contract
Distinct Characteristics of an Insurance Agreement
Rules for Interpreting policies
Property Coverages
Dwelling and Other Structures
Personal Property
Loss of Use
Additional Coverages
Selected Endorsements
Causes of Loss
Open Peril vs.. Named Perils
Analysis of Specific Perils
Court Cases
Adjusting Losses
Duties After a Loss
Determining Value and Loss
Apportionment of Losses
Resolving Coverage Issues
Negotiation and Settlement
Subrogation/Dispute Resolution
Investigation
Theft/Fraud Indicators
Photos & Diagrams
Projects
Workshops on Coverage
Loss Scenarios
Testing and Evaluation
Reporting
Documentation of Events
Captioned Reports
Statement of Loss Format
Good Faith Claims Handling
Avoiding Bad Faith
Structural Estimating Introduction
Material Identification, Scoping, Estimating
Diagramming, Trades, Tools
Rough Carpentry
Floors, Walls, Roofs
Interior
Plaster, Drywall, Ceilings, Paneling
Millwork
Trim, Cabinets, Countertops, Stairs
Doors, Windows, Glass
Types and Materials
Flooring
Wood, Tile, Vinyl, Carpet
Decorating
Paint, Wallpaper
Restoration, Deodorizing
Exterior
Siding, Trim, Soffits
Gutters, Fences
Roofing
Roof Styles, Materials
Measurements
Masonry
Concrete, Block, Brick
Chimneys, Stucco
HVAC
Types, Insulation, Ductwork
Plumbing
Rough and Finish
Water Heaters
Supply, Containment, Drain
Electrical
Service, Fixtures
Damages
Estimating exercises that cover damages resulting from fire, water, wind, hail, hurricanes, collision and ensuing losses.
Students who enroll in this course may use the latest versions of:
PowerClaim
Simsol
Symbility
Xactimate
