Insurance 101 – Chapter 14 – Volume 1 – Evaluation and Settlement

Evaluation and Settlement

The evaluation of a first party property insurance claim is objective. On the other hand, the evaluation of a liability claim includes multiple subjective elements. Therefore, the adjuster must know both the objective and subjective methods of evaluating a claim. In either case the purpose of claims evaluation is to be certain that the person insured receives the indemnity promised by the insurer.

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

Legal Disclaimer

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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