An agent will explain which policy the total loss falls under so you can correctly file a claim. If your car is not drivable, ask your insurance company about towing the vehicle to the nearest auto repair shop where a claims adjuster can assess the damage. Before handing over your keys,...
The adjuster would claim that the $200 sublimit is applied to the $500 loss to get an insured loss of $200…applying the $250 deductible at that stage results in a payment of nothing to the insured. Since $250 is the minimum deductible under most HO programs, it makes no sense at ...
1. The caller's name is Moole. 2. The purpose of the call is that the caller wants to book a single room. 3. The caller will arrive at the hotel on October 10th. . 4. The hotel is called Garden Hotel. 5. The caller pays $300 for the total. True False □□□ Situation 2:...
What to Expect If Your Car Is a Total Loss If your vehicle is a total loss, an insurance claim adjuster will work with you to figure out what the real cash value of your car was at the time of loss. This won't be the same amount you paid for the car, because time has passed ...
Will an insurance claims adjuster allow you some money for potential future pain and the consequences of surgery? Is that possibility of harm being taken into account when a settlement is offered? What about the probability of post-traumatic arthritis that wouldn’t hit you until five or ten ...
greater than the car's total value, rendering it a total loss. This judgment is usually based on the insurance adjuster's estimate of the repair cost. Ultimately, a salvage title designation lets potential buyers know the car was seriously damaged at some point and may not be safe to drive...
damages. However, the insurance company assigns an inexperienced adjuster who fails to conduct a thorough investigation into the cause of the fire and the extent of the losses. As a result, the claim is significantly undervalued, and the policyholder is left to bear the financial burden of the...
payout is filing a claim. Some insurance companies let you do this online or through an app, while others have you report claims by phone. You may be asked to submit documentation of the damage, such as photos or video. The company may also send an adjuster out to see the home in ...
When it comes to personal finance, understanding your credit profile is crucial. Whether you’re applying for a loan, a credit card, or even renting an apartment, your credit profile plays a vital role in determining your financial credibility. But what exactly is a credit profile? A credit ...
If someone is already working in the insurance industry as an independent insurance adjuster, a staff claims representative, an examiner, a public adjuster, or anyone else looking to move up in the insurance industry, the AIC certification may also help. ...