To Effectively Collect on a Loss When Filing a Homeowner's

question 109

Multiple Choice

To effectively collect on a loss when filing a homeowner's claim,the first step should be

• A)to make temporary repairs to protect your property.
• B)confirm the adjuster's estimate.
• C)make a detailed list of everything lost or damaged.
• D)maintain records of the insurance settlement process,especially expenses.
• E)report your loss to your insurance agent,and the police if applicable.

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Definitions:

Responsive

Characterized by the ability to react quickly and positively to changes or new situations, often used in describing systems, organizations, or individuals who effectively adapt to new conditions or demands.

Efficient

Achieving maximum productivity with minimum wasted effort or expense; effectiveness in performance.

Privatization

The process of transferring an enterprise or industry from the public sector to the private sector.

Government

The system or group of people governing an organized community, often a state, and the mechanism by which state policies are enforced and public affairs managed.