Adjustment of a Commercial Property Claim

Published: May 14, 2021, 4:27 p.m.

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A Podcast About Commercial Property Claims Require Experienced and  Qualified Adjusters   

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The adjustment of a commercial loss is performed in the same manner as  any other property loss. The difference is one of tone, extent of loss  and professionalism of the insured, 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.  \\xa9 2021 \\u2013 Barry Zalma  Barry Zalma, Esq., CFE, now limits his practice to service as an  insurance consultant specializing in insurance coverage, insurance  claims handling, insurance bad faith and insurance fraud almost equally  for insurers and policyholders. He also serves as an arbitrator or  mediator for insurance related disputes. He practiced law in California  for more than 44 years as an insurance coverage and claims handling  lawyer and more than 52 years in the insurance business. He is available  at http://www.zalma.com and zalma@zalma.com.  Mr. Zalma is the first recipient of the first annual Claims Magazine/ACE  Legend Award.  Over the last 53 years Barry Zalma has dedicated his life to insurance,  insurance claims and the need to defeat insurance fraud. He has created  the following library of books and other materials to make it possible  for insurers and their claims staff to become insurance claims  professionals.  Go to the podcast Zalma On Insurance at https://anchor.fm/barry-zalma;  Follow Mr. Zalma on Twitter at https://twitter.com/bzalma; Go to Barry Zalma videos at Rumble.com at https://rumble.com/c/c-262921; Go to Barry Zalma on YouTube- https://www.youtube.com/channel/UCysiZklEtxZsSF9DfC0Expg; Go to the Insurance Claims Library \\u2013 https://zalma.com/blog/insurance-claims-library/ Read posts from Barry Zalma at https://parler.com/profile/Zalma/posts; and the last two issues of ZIFL at https://zalma.com/zalmas-insurance-fraud-letter-2/  podcast now available at https://podcasts.apple.com/us/podcast/zalma-on-insurance/id1509583809?uo=4

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