Contents Evaluation

The Industry's Most Robust Contents Outsource Solution

The Evaluation Process:

As each new claim assignment enters triage and transcription, individual contents items are assigned to the appropriate IW Contents Evaluation Team queue.
Insurers World™ Contents Specialists conduct Like Kind and Quality (LKQ) research on those line items within their field of individual expertise.
The qualities and features of each claimed contents item are considered in the determination of appropriate LKQ to establish current replacement cost.
Adjustment ready files are sent back to the adjusters, who are then able to address exceptions, coverage and limits prior to settlement.

Core Competence
Value Factor Oriented LKQ Valuation
QA Assessment & Return
Time Service

Contents evaluation is our core competence.

When establishing LKQ, features and qualitative differences of each original loss item are taken into consideration, ensuring an accurate LKQ and defensible replacement cost pricing.

Our Quality Assurance Team reviews the original assignment and performs a QC audit. They verify that the contents evaluation is well documented and provides accurate LKQ selections, as well as a replacement cost basis from which the adjuster can adjust and settle to a proper coverage C indemnity.

As compared to traditional methods, the time between contents assignment, the evaluation, and conclusion is greatly decreased because IW scale of operations allows multiple product specialists to work simultaneously on a claim inventory.

Evaluation

IW Services

Overview

Our Process

SOS™: Service on Site™

Evaluation