Skills Unit
LA30009-20
Building loss adjustment
This unit describes the skills and knowledge required to select techniques and provide appropriate advice and services when loss adjusting building claims. It includes determining liability and extent of loss, and loss mitigation and recovery options for insurance claims for building losses.
10 CIP Points
Building loss adjustment
AUD $440
General Insurance
Claims
Insurance Broking
5-week Study Period
10 Credit Points
Specialised
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What you'll learn
On completion of this unit, you will be able to effectively:
- establish facts related to the circumstances of the loss, and options for loss mitigation
- analyse established facts
- determine the extent of loss or damage, and establish options for recovery
- communicate with required parties.
Competencies
FNSILA509 Provide specialist building loss adjusting advice and services
Topics Covered
- Building loss adjustment: An overview
- Building insurance policies
- Home policies
- Business pack policies
- ISR policies
- The role of the loss adjuster in building claims
- Organisational policies and guidelines
- External influences affecting a loss adjuster's responsibilities
- Loss mitigation
- Investigation and verification
- Fire losses
- Validating the claim
- Recovery
- Loss adjusting aspects of building claims
- Case study
Assessment
1 Exam and 1 Simulation
See the Assessment and Academic Calendar pages for more information.