Search
 

5 subrogation recovery tips

Property claims pose unique challenges for insurers.

By Donna Geraghty | Updated on November 06, 2015

When a significant homeowner property loss occurs, the adjuster is keenly aware of the insureds’ desire to return to their home quickly after the reconstruction. It is also in the best interest of the carrier for the claim to move along in an expeditious manner in order to provide high levels of customer service and control costs such as additional living expenses.

Losses involving large commercial properties are often very complex, and the adjuster must be well versed in a variety of perils including building fires, explosions, collapses, water damage, mold, and equipment and machinery malfunction. Often, commercial properties involve tenant issues and exposures in addition to the insured’s real property loss. Again, the adjuster is trained to handle the claim in a professional and expeditious manner to satisfy the policyholder and minimize the claim for business interruption.

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.