Learn property insurance coverage, property claims adjusting, and scoping and estimating residential dwelling damage.
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.
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.
Attendees must be capable of operating Windows-based programs. Sponsors will need to indicate estimating program selection at the time of Registration.
Provisions Common to Property Policies
Elements of a Legal Contract
Distinct Characteristics of an Insurance Agreement
Rules for Interpreting policies
Dwelling and Other Structures
Loss of Use
Causes of Loss
Open Peril vs.. Named Perils
Analysis of Specific Perils
Duties After a Loss
Determining Value and Loss
Apportionment of Losses
Resolving Coverage Issues
Negotiation and Settlement
Photos & Diagrams
Workshops on Coverage
Testing and Evaluation
Documentation of Events
Statement of Loss Format
Good Faith Claims Handling
Avoiding Bad Faith
Structural Estimating Introduction
Material Identification, Scoping, Estimating
Diagramming, Trades, Tools
Floors, Walls, Roofs
Plaster, Drywall, Ceilings, Paneling
Trim, Cabinets, Countertops, Stairs
Doors, Windows, Glass
Types and Materials
Wood, Tile, Vinyl, Carpet
Siding, Trim, Soffits
Roof Styles, Materials
Concrete, Block, Brick
Types, Insulation, Ductwork
Rough and Finish
Supply, Containment, Drain
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: