Insurance 101 – Chapter 7 – Volume 23 – Write the Captioned Report – 8

Write the Captioned Report – 8

Replacement Cost Agreement

The adjuster discusses here the agreements reached with the insured oncerning the amount due to the insured if replacement actually occurs,
and whether the adjuster has obtained a written replacement cost agreement
signed by the insured. If the replacement cost agreement has been obtained,
a copy of the signed agreement should be attached to the report.

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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