Insurance 101 – Chapter 14 – Volume 2 – Scope of Loss

 Scope of Loss

In a loss to structures or contents, the scope of loss is generated at the first meeting between the adjuster and the insured, where both parties agree on the categories of property damaged. At this point they are not trying to ascertain the amount of the loss. However, their findings will be used later to arrive at the total amount. These agreements are not to the amount of the loss but to the general categories of loss that will be used to agree on the total amount of the loss.

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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