Common use of NEGOTIATION AND SETTLEMENT Clause in Contracts

NEGOTIATION AND SETTLEMENT. Settlement and Payment - The Adjuster should adhere to the following settlement guidelines: • Attempt to reach an agreed ‘scope and damage’ estimate with the Insured or their Representative. o If an agreed scope cannot be obtained, the Adjuster should issue payment of the undisputed covered damages determined at the inspection • Appropriate steps to conclude the loss should be facilitated and documented with rationale in the file notes. This may include: if response is not in writing the claim file should be noted o Acknowledging relevant correspondence associated with coverage or damages o Negotiation upon receipt of estimates, invoices, receipts or other documentation from the Insured or their Representative • All supporting documentation submitted is to be reviewed and acknowledged within the timelines mandated by Citizens and the applicable Florida Statutes.

Appears in 21 contracts

Samples: Independent Adjusting Services Agreement, Fast Track Adjusting Services Agreement, Fast Track Adjusting Services Agreement

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NEGOTIATION AND SETTLEMENT. Settlement and Payment - The Adjuster should adhere to the following settlement guidelines: Attempt to reach an agreed ‘scope and damage’ estimate with the Insured or their Representative. o If an agreed scope cannot be obtained, the Adjuster should issue payment of the undisputed covered damages determined at the inspection Appropriate steps to conclude the loss should be facilitated and documented with rationale in the file notes. This may include: if response is not in writing the claim file should be noted o Acknowledging relevant correspondence associated with coverage or damages o Negotiation upon receipt of estimates, invoices, receipts or other documentation from the Insured or their Representative All supporting documentation submitted is to be reviewed and acknowledged within the timelines mandated by Citizens and the applicable Florida Statutes.

Appears in 2 contracts

Samples: Agreement for Independent Adjusting Services – Catastrophe, Independent Adjusting Services Agreement

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