Common use of NEGOTIATION AND SETTLEMENT Clause in Contracts

NEGOTIATION AND SETTLEMENT. Settlement and Payment - The Adjuster should adhere to the following settlement guidelines: • Attempt to reach an agreed ‘scope and damage’ estimate with the Insured or their Representative. o If an agreed scope cannot be obtained, the Adjuster should issue payment of the undisputed covered damages determined at the inspection • Appropriate steps to conclude the loss should be facilitated and documented with rationale in the file notes. This may include: if response is not in writing the claim file should be noted o Acknowledging relevant correspondence associated with coverage or damages o Negotiation upon receipt of estimates, invoices, receipts or other documentation from the Insured or their Representative • All supporting documentation submitted is to be reviewed and acknowledged within the timelines mandated by Citizens and the applicable Florida Statutes.

NEGOTIATION AND SETTLEMENT. Settlement and Payment - The Adjuster should adhere to the following settlement guidelines: •  Attempt to reach an agreed ‘scope and damage’ estimate with the Insured or their Representative. o If an agreed scope cannot be obtained, the Adjuster should issue payment of the undisputed covered damages determined at the inspection •  Appropriate steps to conclude the loss should be facilitated and documented with rationale in the file notes. This may include: if response is not in writing the claim file should be noted o Acknowledging relevant correspondence associated with coverage or damages o Negotiation upon receipt of estimates, invoices, receipts or other documentation from the Insured or their Representative •  All supporting documentation submitted is to be reviewed and acknowledged within the timelines mandated by Citizens and the applicable Florida Statutes.