3 Ways a Claims Inventory System Benefits Insurance Agents

6/14/2022 (Permalink)

Water and storm cleanup experts in Garland, TX.

Three Ways a Claims Inventory System Benefits Insurance Agents

The claims inventory systems that restoration companies use can make an insurance representative’s job much easier. When properly implemented, the right system stands to benefit the employees of residential and commercial insurance companies and policyholders. Here are three ways that a claims inventory system can streamline the process of investigating, addressing, and settling an insurance claim.

1. Makes Documentation Available
A claims inventory system exists primarily to distribute documents. Restoration job estimates and related documentation are stored in these systems, where an insurance agent, property owner, or any other stakeholders involved in settling a property damage claim can view these materials at any time.

2. Facilitates Insurance Claim Processing
The ability to access claim-related documents online on your own schedule can make the claim settlement process less complex and hectic. Rather than having to seek out relevant documentation, records that pertain to a property damage claim and plans for the full extent of restoration work are made available online through the SERVPRO claims inventory system.

3. Supports Investigation and Settlement
In some cases, an insurance representative may need to refer to data or statistics pertinent to similar types of damage. From researching the cost of a particular restoration job to comparing claim amounts, agents and adjusters can use a claims inventory system to work on processing a single claim or researching claims.
Once an insurer works through an insurance claim with the support of a well-designed and user-friendly claims inventory system, agents and adjusters tend to prefer these systems to the alternative. Taking the conventional approach to documenting damage, recordkeeping and claim resolution often leads to slower settlement processes for property in Garland, TX. Claims inventory systems can greatly reduce the amount of paperwork involved in claim settlement and expedite the availability of necessary documents to the relevant parties.