FIRE LOSS

Description

Fire loss claims span a variety of industries, demographics and damages. The unique characteristics of each fire will dictate how the claim is handled. Sometimes at the outset however, it is difficult to gauge just how complex a fire loss might be. From the claim resolution professional's perspective, it is necessary to forecast a loss as soon as possible to set reserves and evaluate exposure. The strategy for determining how much to invest into the investigation of a fire loss is one of the biggest challenges. Property damage cases may require expert analysis into a damages determination. If personal injuries are involved, the human factors associated with burn injuries present immense challenges in terms of damages evaluation and liability influenced by sympathy. 

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