Search
 

Controlling Course-of-Construction Losses

Gaining control immediately after a course-of-construction loss is the key to an effective and equitable adjustment.

By Carrie Sturts Dossick | Updated on February 24, 2006

Put simply, gaining control immediately after a course-of-construction loss is the key to an effective and equitable adjustment. Like any loss involving physical damage, the adjuster has much more of an opportunity to influence the scope of a loss in the early days of the adjustment than he does later in the process after restoration is underway.

Furthermore, if business interruption coverage is a component of the case, controlling the progress of restoration and the subsequent recovery of the project is paramount. Action taken early on in the adjustment of a course-of-construction loss provides the framework of the adjustment and the basis for the quantum of loss.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.