Property/Engineering

PROPERTY & ENGINEERING

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Our property & engineering division offers complete adjustment services and facilities in all allied lines of property damage insurance as well as business interruption/consequential loss insurance, Boiler and Machinery Insurance, Contractor’s All Risks (CAR)/Erection All Risks (EAR) insurance, burglary and theft, fidelity, bond claims as well as new specialized lines being introduced by insurance companies. A fully trained and experi¬enced staff of adjusters serves the insurance community in pro¬moting goodwill to the insuring public and maintaining a sense of professionalism adhering competently, to the terms and conditions of above various insurance policies.

Our adjusters render full insurance claim adjustment services which include:

  • investigation as to the nature and cause of the loss
  • mitigation of the loss
  • determination of insurer’s liability
  • validation of supporting documents and claim negotiation
  • submission of reports and recommendations

SPECIAL ENGINEERING SERVICES

I. BOILER AND MACHINERY UNDERWRITING INSPECTION AND CLAIMS ADJUSTMENT

Various insurance companies underwrite coverages against loss from fire, but not against loss by explosion and mechanical breakdown. This type of insurance has gained public acceptance and in order to provide insurers with adequate underwriting data, this technical inspection service is offered.
Our report covers complete technical description and specification of each boiler unit or item of machinery including their safety program and maintenance.

II. PROPERTY RISK INSPECTIONS

Inspections are conducted for insurance underwriters to enable them to know the condition of a property in respect to suscepti¬bility to loss from fire and other insurable perils such as typhoon, flood, earthquake and the like.

III. APPRAISAL OR VALUATION OF PROPERTIES

Thorough inspection and survey of fixed assets: buildings, machinery, equipment, furniture, and fixtures for appropriate up-to-date values. This assures adequate insurance coverage and maximum protection to clients as well as proper rating guidelines.

SPECIAL CLAIMS SETTLING AGENT

MASCO, for many years, have been appointed special claims settling representative of some foreign non-resident insurance companies as well as local companies in the southern part of the country to facilitate claims settlement.