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Adjusting the Commercial Property Loss

https://zalma.com/blog

The adjustment of a commercial loss is performed in the same manner  as any other property loss. The difference is one of tone rather than  substance.

Adjusters  who usually deal with a business entity, and its officers or employees,  rather than an individual find claims handling is often, but not  necessarily always, easier.

The experienced adjuster who deals with commercial claims usually has  knowledge of the business and the people who operate the business. Some  insurers even assign a single adjuster to a major commercial insured to  handle all claims presented by the commercial insured. Familiarity and a  good working relationship over a period of months or years benefits  both the insured and the insurer.

A fire can be devastating for a business if the business is not  rapidly put back to work after the fire is extinguished. The adjuster  must recognize this fact and act quickly to complete a fair and thorough  investigation.

To adjust the commercial property loss the adjuster must be familiar  with the coverages and be ready to read and understand the policy.

An adjuster must always be absolutely certain which endorsements  apply to the insured. The adjuster reviews the loss notice and  re-reviews the coverages to ascertain which coverages apply to the type  of loss reported. He or she makes immediate contact with the insured so  that he or she may inspect the loss.