New Policy Rolling OUT
Throughout this Policy, You and Your Refer to the Named Insured and Their
Spouse
Salvage
Full, Loss, Salvage
TTU
theft and total loss unit
What is the document called that list what a surveyor's expertise is and how much they charge?
Independent Marine Surveyor Profile.
Who do we send an e-mail to when we have approved coverage decision?
Boatsetter
______ Means a Sudden and Unexpected Event or Accident to Which this Insurance Applies that Happens within the Policy Period. Continuous or Repeated Exposure to Substantially the Same General Condition, Unless Excluded, is one _______.
Occurrence.
Settlement Payment
Full, Loss, Insured
PCU
Property Claims Unit
Where can you go to find updates on the claim's department policy and procedure changes?
Share Point
How many deductibles apply to any loss? For example if the insured's declaration page only shows a $1,000 deductible. The insured has damages to both the boat and trailer.
1 - the $1000 applies to both the boat and trailer.
Exclusions
a. Wear and Tear, Gradual deterioration, rot, corrosion, weathering, _____________, stray electrical current regardless of source
Electrolysis
Overnight Mailing
Full, Loss, Other-Code 00RUSH
EUO
Examination Under Oath
While performing a desk review - we received photographs of the damages, a written statement of how the loss occurred, and a repair estimate, but still need assistance who could assist us with the desk review?
Grant and/or Field Inspectors.
During first contact we ask the insured for the following info:
A repair estimate, photos, written statement, contact and information for the renter.
What are two more items we should ask for?
Pre and Post inspection forms.
B. Repairs for a Partial Loss
B. Outboard motors, outdrives, propulsion machinery, or generators beginning with the ________ year from the year of manufacture;
Eleventh
A Claim Was Declined and the Insured Submits for Reimbursement for a Tow What Would be the Correct Payment Code?
Full, Adj, Other-Code 0000IN
PCV
Post Casualty Value
When you notice any red flags who do refer the claim file to?
SIU
who is our liaison with Boat Setter
Kerry McCook
E. Payment of Loss
In the event of a covered loss, payment will be issued to the insured and any loss payee. However, in the event of a partial loss, we may make payment to the repair yard with the ______ consent.
Insured's
Police Report
Full, ADJ, Other-Code 0000PD
SNL
Serious Notice of Loss
What document provides information on how to perform negotiations?
Property Claims Unit Best Practices Reference Guide
Are we able to go in detail in regards to coverage decision with a renter?