Property/Engineering_old

 

PROPERTY & ENGINEERING

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  experienced  staff of adjusters serves the insurance community in  promoting 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

 

 

 

 

 

 

A. SERVING THE INSURANCE INDUSTRY

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  susceptibility 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.