We improve indemnity payment history by providing accurate, locally sourced pricing, allowing adjusters to accurately and quickly settle the contents portion of a claim.

To stay competitive in the 21st century, claims departments must retain policyholders while lowering both indemnity and loss adjustment expenses.

Insurers leverage technology in many aspects of the claims process, but one facet has remained virtually unchanged—commercial and personal property contents.

BrightClaim’s Schedule C service offering fills this void by combining technology with industry-trained experts and proven procedures.

Schedule C improves indemnity payment history by providing accurate, locally sourced pricing for all contents-related items. We locate specific like kind and quality replacement merchandise (using nationally known retailers when possible) to determine replacement cost value (RCV).

This assists the adjuster by using competitive replacement cost pricing while facilitating an amicable settlement with the policyholder.

Further, Schedule C provides actual cash value (ACV) for each line item based on the client’s approved depreciation table. This gives the adjuster a summary of the RCV, ACV, and any associated taxes. In short, the finished product allows the adjuster to accurately and quickly settle the contents portion of the claim.

Schedule C reduces loss-adjusting expenses by cutting the amount of time an adjuster spends on the contents portion of property claims. This allows adjusters to devote more time to the actual adjudication process, effectively increasing production from existing staff.

Call Schedule C today to learn more about our 21st century solutions or fill out our form to Request Information.