Insurance 101 – Chapter 7 – Volume 55 – Resolve the Claim

Resolve the Claim

At some time the claim will be totally resolved either by settlement or court judgment. Since the costs of defense are extensive and often exceed the cost of indemnity, if investigation establishes that the liability of the insured is reasonably clear it is best to resolve the claim by settlement. Similarly, if the thorough investigation conducted by the adjuster establishes that the insured is not liable it is incumbent on the adjuster to refuse to settle.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

 

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