| Author |
Message |
    
Chuck Deaton
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 16, 1999 - 2:36 pm: | 
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Rena, if you will send me your email I will send you my Cat 101. It will help your understanding of this business.
The National Underwriter publishes books that explain policies. The one on ISO and AAIS homeowners is $35.00. There are others. Roughnotes publishes a series of books.
Use Dogpile to search the net for their sites. |
Jim Flynt
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, September 16, 1999 - 12:34 pm: |
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WHAT I LEARNED FROM HURRICANE FLOYD
It seems to me that we as adjusters sometimes get our best lessons in hindsight and also from sharing the lessons of others.
I know that there are going to be many adjusters who made some mistakes either in going on standby with particular companies, by travelling to a storm site and then not getting claims, or by getting claims and then not making enough money to cover expenses.
Please share the lessons which you learned with Hurricane Floyd so that we all can learn from the mistakes of others. In the end, we might avoid making the same mistake ourselves and save money and time in the process.
Let's us hear your lessons learned by posting here. |
Rena
Rating: N/A
Votes: 0 (Vote!) | | Posted on Sunday, August 08, 1999 - 7:17 am: |
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I am new to this business. I am trying to decide if I should take Vale's 1 week in course in policy coverage. I am not at all familiar with policies but the class cost $800. I have already put quite a bit of money in getting started so far. Is policy coverage something I can learn on the job or would it be in my best interest to take this class? Any advice would be greatly appreciated. Thanks |
Chuck Deaton
Rating: N/A
Votes: 0 (Vote!) | | Posted on Sunday, August 08, 1999 - 7:19 am: |
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As you are new to the business my suggestion is to use every scource to become comfortable with policies. Unfortunately there are literally hundreds of policies and some are company specific. Any knowledge is better than no knowledge and education ain't free |
RD Hood
Rating: N/A
Votes: 0 (Vote!) | | Posted on Sunday, August 08, 1999 - 7:23 am: |
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This is a common question, and while not an easy one to answer, perhaps this will assist you. As you will no doubt start in the residential market, and perhaps some flood work, the first thing you need is the NFIP policies, (that is the only industry standard policy, and it covers only flood no matter the carrier. You can obtain these and most of the residential policies and BOP (Small Business Owners) policies from any of your local Insurance Agencies. You can also start by reading the ones you have on your own home and/or Business, or that of some of your friends and relatives. The explanation of the terms can be done by a friendly agent. Also there is a book available for you "Dictionary of Insurance Terms" by Barrons. As Chuck so aptly put it there are hundreds of policies and they vary from state to state and even from carrier to carrier within that specific state. Lastly, when you get into the commercial end of the business, the manuscript policies are all different and it is like a custom made pair of shoes. Every specific detail of every possible senario is spelled out, and the FIRST thing to do is order the policy and read it before any affirmation or denial of coverages are made. Hope this will bring you some sense of direction. Be prepared to spend a great deal of time in learning this aspect of the business, we still learn every day after many years. Good Luck and enjoy the reading. |
