1.
Itemized break down of damages discovered on the property and the amount allocated towards each damage
2.
a court document stating the insurance company and the homeowner have come to an agreement on ____ amount of funds.
3.
the updated Adjuster’s Report that will reflect the additional supplemental funds received.
4.
a supplemental document to the adjuster’s report providing information about the payments.
5.
The amount that an insurance company would have to pay to replace an asset at the present time.
6.
the amount of money the homeowner is responsible for paying towards the insurance claim typically payable to the contractors working on the property.
7.
a reduction in the value of an asset with the passage of time, due in particular to wear and tear.
8.
the amount equal to the replacement cost value less any deductions.
9.
Typically the claim check amount.
10.
letter/form stating that the check is missing an endorsement and/or is forged.
11.
an invoice or contract between the homeowner & the contractor they are hiring to complete the repairs on their home.
12.
a document provided in the procedure packet reflecting if the contractor is owed and if so, how much (full conditional) OR if the contractor is paid in full (full unconditional).
13.
this is a form provided by the IRS to verify the contracting company taxes.
14.
this is a letter provided by the borrower stating they will be conducting the repairs themselves and NOT hiring anyone on to complete the repairs.
15.
a court document stating a person will have authorization to represent or act on another’s behalf while alive.
16.
the borrower or co borrower are able to grant other people to speak on behalf of the claim.
17.
the homeowner requests additional money to make the repairs that were not discovered prior to finishing the claim, and the damage must be related to the same event that triggered your initial claim.
18.
The named insured on a Lender Placed Policy.
19.
The claims process for lender placed claims takes _____.
20.
Once received, documents will be uploaded in _____ business days.
21.
We need ____ pieces of verification to fully verify a party.
22.
The 2 mandatory points of verification are the borrower/co borrower name and the ________ ______.
23.
_____Authorizations last 24 hours.
24.
Information that can be provided to an authorized third party must be only _______ _________.
25.
This is another place we can look for authorizations on the claim detail page.
