Consolidation - Day 1

What documentation is required to issue a total loss settlement cheque for a Third Party vehicle?

• Disposition of Salvage & Proof Of Loss

• Bill of Sale and Proof of Loss

• Bill of Sale and Final Release

• Ownership

Which lot should a vehicle be placed in if it is being moved to IMPACT for appraisal?

• Appraisal Lot

• Salvage Lot

• ETA Lot

• Express Lot

Under which reminder would you document the total loss settlement amount and any notes to address the value of the vehicle?

• Negotiate Settle./Advise Insd of his Liab.

• Total Loss to Process

• Mitchell Appraisal-Process

• Advise Client Auto T.L./ Obtain Auth

Under which reminder would you document that you advised the client to remove their personal belongings and plates from the vehicle, to leave the keys with the vehicle and the agreed upon date of release?

• Total Loss to Process

• Negotiate Settle./Advise Insd of his Liab.

• Advise Client Auto T.L./Obtain Auth

• Transfer File to Salvage Department

Which resource do you need to add to the file when a vehicle has been deemed a total loss?

• Salvage Coordinator

• Claims Specialist

• Recovery Specialist

• Section Manager

Any trailer you own and that is not described in the policy is also covered for Direct Compensation- Property Damage Coverage under 2 conditions.

• True

• False

The replacement cost multiplying factor of 1.3 is used when calculating reserves for:

• All pick up trucks

• Not at fault loss claims

• When the client has NVP coverage

• Hybrid vehicles

For which scenario would you offer emergency services?

• Robbery, stolen engagement ring

• Water on multi levels of the home

• Hail storm with minor siding damage

• Kitchen fire, damage to the stove top, no other damage