1.
Also known as the Loss Draft Account
2.
A letter we send for a new claim that explains what the borrower needs to do for the process to continue.
3.
We deposit funds in the restricted escrow if the process is __.
4.
The mortgage company is involved with insurance claims because they ___ the mortgage.
5.
The process when we endorse the claim check and send it back to the borrower.
6.
The amount the insured is responsible for in case of a loss
7.
The value of the damaged or destroyed item(s) at the time of the loss.
8.
The value of a property that is lost over time due to factors such as age and wear and tear.
9.
The actual cost to replace a structure at its pre-loss condition.
10.
is a detailed assessment of the damages found during an investigation to support the insurance company's liability
11.
__ adjusters represent the insurance carrier.
12.
A representative of the insurance carrier who assesses the damaged structure.
13.
This term refers to the check that is issued by an insurance company for damages suffered to a property.
