Los Banos Restoration Insurance Claims

Scope of Loss in Property Insurance Claim Cases

The scope of loss report filed by an adjuster is relied on by insurance companies in determining what constitutes a fair settlement. Getting this document done correctly the first time can save considerable hassle for both the carrier and homeowner alike. 

A Los Banos restoration insurance claims consultant must first understand the pre-damage condition of the property. That means investigating whether or not there may have been what a health professional might call “pre-existing conditions.” 

For example, if a roof was already starting to fail,  it’s possible that the windstorm that blew through was not really the cause of the damage—at least not in full. It’s also possible that a failure at the time of installation set the roof up in a vulnerable position. Insurance carriers are not responsible for damage that existed prior to the event in question, nor are they on the hook for compensation that might be more properly sought from the installation contractor. 

Once pre-loss conditions are understood, an adjuster can then start to analyze what repairs will be needed. This aspect of the report needs to be particularly detailed, going line-by-line through the work that needs to be done. Photos and diagrams are often a part of the process. 

An insurance adjuster must then have a nuanced understanding of current market conditions, to know what a reasonable cost would be for materials and labor. This requires experienced understanding at any time, and certainly, in a time marked by our current inflationary volatility. Errors on any level might add up to lost dollar value in the thousands. 

Adjusters must have a thorough understanding of insurance policies, laws, and regulations in order to properly evaluate claims. They also need to be able to communicate effectively with all parties involved in the claim process.

Get an experienced Los Banos restoration insurance claims professional to help smooth out the settlement process.