Question

In: Finance

Explain why liability claims are more difficult to adjust than property claims.

Explain why liability claims are more difficult to adjust than property claims.

Solutions

Expert Solution

Property claim adjustment will be relating to adjustment of property damage or personal injury claims to determine how much the insurance company should pay for the loss and they might be inspecting a home or a business or an automobile and adjuster will be interviewing the claimant and the witness inspect the property and do the additional research.

Liability insurance will be adjusted after investigation of a number of factors because it is relating to complex long procedure in which the investigation of the liability Insurance claim will be fulfilling the promises which had been made by the insurer and there will be a long requirements like The lost notice will be prepared and then there will be need to prove the existence of the policy along with meeting the parties involved in order to establish a rapport and obtain statements along with there will be visiting The scenery and contacting the authorities and writing the caption record so it will be a highly complex process which will involve a large number of steps in order to establish the claim and so it can be said that the the liability claim are more difficult to adjust than the property claim because property claim adjustment are straightforward whereas liability claim adjustment will be requiring a large number of steps and there will be also a public adjuster in some cases.


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