Compare investigation and assessment with suitable examples.

Compare investigation and assessment with suitable examples.
by

1 Answer

Answer :

The claim investigation process is the procedure in which insurance company surveyor or loss assessor obtains information to examine the claim. As result it requires various documents to go through, visit to location, interviewing peoples from spot & inspecting property or vehicle if required. These investigations may lead to taking photographs & video. And in case of assessment it can determined insured about liability for claim as well as the amount of compensation to be paid. Assessment means assessing total amount or estimation of claim. Ex: Suppose one vehicle met with an accident then surveyor will do directly assessment of estimation as per claim form but if there is any injury to anyone then surveyor need to investigate the case by above method. 
by

Related questions

Prepare accident investigation report for a car.

Description : Prepare accident investigation report for a car.

Last Answer : Whenever an accident occurs all particulars have to be collected and ascertained below: A) General Details: 1) Date ,time and location 2) Registration No. of vehicle involved in an accident ... . E) Negotiate with the insured regarding disposal of salvage F) Prepare detail survey and submit

Compare compulsory excess and voluntary excess.

Description : Compare compulsory excess and voluntary excess.

Last Answer : Compulsory excess  Voluntary excess Compulsory excess is the amount payable by insurer in his pocket during claim. Voluntary excess is the extra amount is payable by insurer in his pocket to ... customer to customer. This amount is mandatory. This amount is not mandatory.

Compare third party insurance and comprehensive on following parameters: i. Risk cover ii. Premium iii. Application of vehicle iv. Condition

Description : Compare third party insurance and comprehensive on following parameters: i. Risk cover ii. Premium iii. Application of vehicle iv. Condition

Last Answer : i. Risk cover  In third party insurance only covers damage from a accident only to the other people and their property if you are fault.  In case of comprehensive insurance the damage ... injuries and damage to property does not cover.  In comprehensive insurance personal injuries are covered.

Describe organizational structure, role and justification of motor vehicle insurance organizational in India.

Description : Describe organizational structure, role and justification of motor vehicle insurance organizational in India. 

Last Answer : Organizational structure:- Section 4 of the IRDAI act 1999 specifies the authority composition. It is a ten member body consisting of : a) Chairmen (Subhash.C.Khuntia from 1st SEP ) b) ... . 7. To advise insurer and insured about loss minimization, control loss for security and safety devise.

Explain legal aspects of surveying from surveyor’s perspective.

Description : Explain legal aspects of surveying from surveyor’s perspective.

Last Answer : Surveyor is the professional who assess the loss or damage & serve the link between insured & insurer. They only function in non-life business. Their main job is to assess the actual loss ... bills and Doctors certificate. The above is the legal Aspects of surveying from surveyor's perspective.

Explain terms ‘compulsory excess’ and ‘voluntary excess’.

Description : Explain terms ‘compulsory excess’ and ‘voluntary excess’.

Last Answer : Compulsory excess: The compulsory deductible or excess is also called as mandatory excess. It is part of claim amount which you will have to bear out of your pocket. The amount is decided by ... amount of the voluntary excess changes from company to company. The voluntary excess is set by you. 

Explain the effect of following physical hazard parameters on renewal of comprehensive insurance policyi. Age of driver ii. Power and capacity of vehicle iii. Load used iv. Forfeiture of custom duty

Description : Explain the effect of following physical hazard parameters on renewal of comprehensive insurance policyi. Age of driver ii. Power and capacity of vehicle iii. Load used iv. Forfeiture of custom duty

Last Answer : i. Age of driver: If age of driver is more (say more than 65 years then there is more chances of accident than young driver which increases physical hazard.  ii. Power and capacity ... the vehicle it creates physical hazard & chances of accident increases then premium amount also will get increase.

Discuss importance of insurance history in proposal form.

Description : Discuss importance of insurance history in proposal form.

Last Answer : Once you decide to buy an insurance plan, the first step is to fill out the proposal form. A proposal form is a legal document that seeks relevant information from you so that the insurance company ... , any no claim bonus in previous policy. 4. It gives information about driving habit of insured.

State procedure to calculate premium for the third party insurance cover.

Description : State procedure to calculate premium for the third party insurance cover.

Last Answer : Third party insurance is a type of insurance policy that is designed for offering insurance coverage to the third party in case of an accident caused by the insured vehicle. This policy covers the liability ... 2. Type and age of the vehicle 3. Cubic Capacity of the engine 4. Geographical zone

Explain Concept of Moral Hazard in relevance to age and litigiousness.

Description : Explain Concept of Moral Hazard in relevance to age and litigiousness.

Last Answer : Moral hazard is a term describing how behavior changes when people are insured against losses. If, for example, your car is fully insured against any and all damage and there is no deductible, ... So it is harmful for insurance business. Because of moral hazard, premiums are higher for everyone.

Describe role of Insurance Regulatory Authority Of India (IRDAI) in motor vehicle insurance.

Description : Describe role of Insurance Regulatory Authority Of India (IRDAI) in motor vehicle insurance.

Last Answer : 1. To regulate the rates, terms and Conditions of insurance, offered to their customer in general insurance business. 2. To regulate how insurance company invest their funds and maintain their margin ... . 6. Also making code of conduct for surveyors and loss assessor working with insurance company.

State function of Insurance Regulating Authority in India (IRDAI)

Description : State function of Insurance Regulating Authority in India (IRDAI)

Last Answer : Function of Insurance Regulating Authority in India (IRDAI) 1. To regulate the rates, terms and Conditions of insurance, offered to their customer in general insurance business. 2. To ... any other organization connected with insurance company. 5. Make guidelines & arrange trainings to agents.

State any two clauses in insurance proposal form.

Description : State any two clauses in insurance proposal form.

Last Answer : Types of clauses in proposal form: 1. Signature clause: It is also known as attestation clause & it is appeared just below the schedule. The person authorized puts his signature. 2. Schedule clause: ... : It tells that how much the insurer must pay if there is insurance in more than one company.

List types of claim documents.

Description : List types of claim documents.

Last Answer : Types of claim documents: 1. Policy. 2. Driving License 3. Registration Certificate of Vehicle 4. FIR copy if needed 5. Pan or Adhar card 6. Claim form

List factors affecting moral hazard.

Description : List factors affecting moral hazard.

Last Answer : 1. Intention 2. Carelessness 3. Fraud claim 4. Multiple Insurance 5. Maintenance 6. Behavior 7. Negligence

State need of insurance history in proposal form.

Description : State need of insurance history in proposal form.

Last Answer : Need of insurance history in proposal form: 1. Gives information about previous insurance policy 2. It gives information about the claims in the previous insurance policy. 3. Gives information about ... policy. 4. Also it gives information about risk exposure of person, property, or vehicle.

List the types of insurance cover.

Description : List the types of insurance cover.

Last Answer : Types of insurance cover are as follow : 1. Comprehensive insurance 2. Own damage insurance 3. Third party 4. Fire insurance 5. Marine insurance 6. Life insurance

Define Risk Cover and Premium.

Description : Define Risk Cover and Premium.

Last Answer : Risk Cover: The term risk cover can be defined as the compensation of damage during the accident by insurance company.  Premium: The payable amount as per the insurance contract paid by insured is called as premium.

The stage in problem solving that includes the preparation of suitable hypothesis for investigation. (a) Survey (b) Planning for action (c) Problem description (d) Discussion

Description : The stage in problem solving that includes the preparation of suitable hypothesis for investigation. (a) Survey (b) Planning for action (c) Problem description (d) Discussion

Last Answer : (b) Planning for action

Give an assessment of two-party system with examples. -SST 10th

Description : Give an assessment of two-party system with examples. -SST 10th

Last Answer : In some countries power usually changes between two major parties. Several other parties exist, contest elections and win a few seats in the legislature. But only two main parties have a serious ... of party system the winning party forms the government and the other party forms the opposition.

What are three examples of informal methods of assessment?

Description : What are three examples of informal methods of assessment?

Last Answer : Need answer

Compare theodolite traversing by included angle method with deflection angle method. Which one is suitable?

Description : Compare theodolite traversing by included angle method with deflection angle method. Which one is suitable?

Last Answer : Sr.No. Included angle method of traversing  Deflection angle method of traversing 1 This method is most suitable for closed traverse. This method is most suitable for open traverse. ... is suitable for long narrow strip like survey of roads, rivers, canals, railways, etc.

18. Using examples from your area compare and contrast that activities and functions of private and public sectors. -SST 10th

Description : 18. Using examples from your area compare and contrast that activities and functions of private and public sectors. -SST 10th

Last Answer : In the private sector, the assets and industries are owned by individuals and in the public sectors industries and enterprises are owned by the Government. Private sector works to earn profits and the ... private sector that we can see around us are IT companies, malls and multiplexes, etc.

Using examples from your area, compare and contrast the activities and functions of the private and public sectors. -SST 10th

Description : Using examples from your area, compare and contrast the activities and functions of the private and public sectors. -SST 10th

Last Answer : This answer was deleted by our moderators...

Using examples from your area, compare and contrast the activities and functions of the private and public sectors. -SST 10th

Description : Using examples from your area, compare and contrast the activities and functions of the private and public sectors. -SST 10th

Last Answer : Public Sector : There are the organisations which directly or indirectly come under the control of government, like MTNL, railways, Indian Airlines etc. Private Sector : In private sector organisations ... the motive of earning profits. BSES and Sahara Airlines are the examples of private sector.

Compare Job and Batch production system with respect to: (1) Equipments (3) Investment (2) Labor (4) Examples of Products.

Description : Compare Job and Batch production system with respect to: (1) Equipments (3) Investment (2) Labor (4) Examples of Products.

Last Answer : Difference between Job and Batch Production System with respect to following parameters:

Explain the concept-of ‘Determinism’ with suitable examples. -Geography

Description : Explain the concept-of ‘Determinism’ with suitable examples. -Geography

Last Answer : (i) In the beginning humans are hugely influenced by nature. (ii) They were afraid of nature’s fury. They worshipped the nature. (iii) Nature determines societies attitudes decisions and their lifestyles. Humans were passive agents and nature dictates their lives as per determinism.

“Mineral resources in India are unevenly distributed.” Support the statements with three suitable examples. -Geography

Description : “Mineral resources in India are unevenly distributed.” Support the statements with three suitable examples. -Geography

Last Answer : Yes, it is true that Mineral resources in India are unevenly distributed. India is one such country which acquires rich and different types of mineral resources. The uneven distribution is due to the ... . Moreover, there is a lack of economic minerals in the vast alluvial plains of North India.

national alineg whit impearlism led europe to disaster in 1914 ' . Explain the statement with suitable examples. -SST 10th

Description : national alineg whit impearlism led europe to disaster in 1914 ' . Explain the statement with suitable examples. -SST 10th

Last Answer : 1. Nationalism culminated into imperialism in the last quarter of the 19th century. 2. The Balkans in Europe after 1871 3. The Balkans comprised modern-day Romania, Bulgaria, ... the world started to oppose imperial domination. The anti-imperialist movements developed as nationalist movements.

.“We all have more than one identity and can belong to more than one social group.” Discuss the statement with suitable examples. -SST 10th

Description : .“We all have more than one identity and can belong to more than one social group.” Discuss the statement with suitable examples. -SST 10th

Last Answer : (i) Carlos and Smith were similar in one way, i.e., they both were African-Americans and thus different from Norman who was white. But they were also all similar in other ways - they ... . identity and can belong to more than one social group. We have different identities in different contexts.

Explain with suitable examples that which part of the service sector is not growing in importance. -SST 10th

Description : Explain with suitable examples that which part of the service sector is not growing in importance. -SST 10th

Last Answer : (i) The unorganised sector of the service sector is not growing in importance. (ii) A large number of workers in the small- scale industries, casual workers in construction, trade and transport, vendors and ... and not regular. (iv) They are paid a very low salary and their is no job security.

The distribution pattern of the railway network in India has been mainly influenced by physiographic and economic factors.' Support the statement with suitable examples. -SST 10th

Description : The distribution pattern of the railway network in India has been mainly influenced by physiographic and economic factors.' Support the statement with suitable examples. -SST 10th

Last Answer : The physiographic, economic and administrative factors have played an important role in the distribution of railway networks 1. The Northern Plains with vast level land, high population density and rich ... the same time has faced problems such as sinking of track in some stretches and landslides.

Pressure groups and movements exert influence on politics in different ways.' Support the statement with suitable examples. -SST 10th

Description : Pressure groups and movements exert influence on politics in different ways.' Support the statement with suitable examples. -SST 10th

Last Answer : 1. The activities of pressure groups and movements try to gain public support and sympathy for their goals by carrying out information campaigns, organizing meetings, filing petitions etc. 2. They ... in a society and remind the government of the needs and concerns of the ordinary citizens.

Advancement of international trade of a country is an index to its prosperity' Support the statement with suitable examples. -SST 10th

Description : Advancement of international trade of a country is an index to its prosperity' Support the statement with suitable examples. -SST 10th

Last Answer : Advancement of international trade of a country is an index to its prosperity: 1. Resources are space-bound so countries need to trade with each other to procure various resources. 2. When the value of ... for a country because it's a huge source of income as well as a sign of development.

Globalization has been advantageous to consumers as well as to producers.' Support the statement with suitable examples. -SST 10th

Description : Globalization has been advantageous to consumers as well as to producers.' Support the statement with suitable examples. -SST 10th

Last Answer : Globalisation has been advantageous for consumers and producers: 1. Consumers now enjoy numerous choices as well as better quality since it is now an international market. 2. Competition ... the Indian companies have themselves become MNCs themselves like Tata Motors, Infosys, and Ranbaxy.

Democracies lead to peaceful and harmonious life among citizens.' Support the statement with suitable examples. -SST 10th

Description : Democracies lead to peaceful and harmonious life among citizens.' Support the statement with suitable examples. -SST 10th

Last Answer : Democracies lead to peaceful harmonious life among citizens: 1. No society has a permanent solution for the differences that can come up between various groups in it. 2. But democracy ... in the decision making. 5. Democracy reduces the chances of differences or conflicts becoming violent.

Minerals are an indispensable part of our lives.' Support this statement with suitable examples. -SST 10th

Description : Minerals are an indispensable part of our lives.' Support this statement with suitable examples. -SST 10th

Last Answer : Minerals are an indispensable part of our lives: 1. Everything we use in our lives, starting from a small thing like pins to large buildings is made using minerals. 2. Every automobile like cars ... are manufactured from minerals. 3. Even the food and medicines that humans eat have minerals in it

Self-help Groups support has brought about a revolutionary change in the rural sector.' Explain with suitable examples. -SST 10th

Description : Self-help Groups support has brought about a revolutionary change in the rural sector.' Explain with suitable examples. -SST 10th

Last Answer : Self-help Groups (SHG's) have brought about a revolutionary change in the rural sector because of its unique idea of selfsustenance and financial independence in the lives of the rural ... as reliable borrowers, these women have also showcased their ability to run income-generating activities.

“Different countries face different kinds of challenges.” Support the statement with suitable examples. -SST 10th

Description : “Different countries face different kinds of challenges.” Support the statement with suitable examples. -SST 10th

Last Answer : It is true that different countries face different kinds of challenges - (i) Non-democratic countries face foundational challenges. This involves bringing down the existing non-democratic regime, keeping ... people have won equal rights, but are still poor, less educated and marginalised.

‘For development people look at a mix of goals.’ Support the statement with suitable examples. -SST 10th

Description : ‘For development people look at a mix of goals.’ Support the statement with suitable examples. -SST 10th

Last Answer : It is true that if women are engaged in paid work, their dignity in the household and society increases. However, it is also the case that if there is respect for women there would be more sharing ... safe and secure environment may allow more women to take up a variety of jobs or run a business.

“Efficient means of transport are pre-requisites for fast development”. Support the statement with suitable examples. -SST 10th

Description : “Efficient means of transport are pre-requisites for fast development”. Support the statement with suitable examples. -SST 10th

Last Answer : The pace of development of a country depends upon the production of goods and services as well as their movement overspace. Therefore, efficient means of transport are pre-requisites for fast economic and social development.

“Mineral resources in India are unevenly distributed.” Support the statement with three suitable examples. -SST 10th

Description : “Mineral resources in India are unevenly distributed.” Support the statement with three suitable examples. -SST 10th

Last Answer : (i) Peninsular rocks contain most of the reserves of coal, metallic minerals mica and many other non-metallic minerals. (ii) Sedimentary rocks on the western and eastern flanks of the ... due to differences in the geological structure processes and time involved in the formation of minerals.

“Colonial administrators found vernacular novels a valuable source of information on native life and customs.” Support the statement with suitable examples. -SST 10th

Description : “Colonial administrators found vernacular novels a valuable source of information on native life and customs.” Support the statement with suitable examples. -SST 10th

Last Answer : Colonisers : Colonial administration found the vernacular novels a valuable source of information on native life and customs. This information was useful for them in governing Indian society which had ... most notable form of this community is the nation. This helped the progress of nationalism.

“Premchand’s novels are filled with all kinds of powerful characters drawn from all strata of society.” Support the statement by giving suitable examples. -SST 10th

Description : “Premchand’s novels are filled with all kinds of powerful characters drawn from all strata of society.” Support the statement by giving suitable examples. -SST 10th

Last Answer : Premchand has created very powerful characters in his novels and they cover the whole spectrum of society. In his novels, we meet with aristocrats and landlords, middle-level peasants and landless ... are very strong individuals, especially those who come from the lower classes of rural society.

“The indentured labour gave rise to a new culture in the Carribean islands.” Justify this statement with any four suitable examples. -SST 10th

Description : “The indentured labour gave rise to a new culture in the Carribean islands.” Justify this statement with any four suitable examples. -SST 10th

Last Answer : The Indian indentured labour in the Caribbean developed new forms of individual and collective self-expression, mixing different cultural forms, old and new : (i) In Trinidad the annual ... winning writer V.S. Naipaul and West Indies cricketers like Shivnarine Chanderpaul and Ramnaresh Sarwan.

“Different countries face different kinds of challenges”. Support the statement with suitable examples. -SST 10th

Description : “Different countries face different kinds of challenges”. Support the statement with suitable examples. -SST 10th

Last Answer : It is true that different countries face different kinds of challenges - (i) Non-democratic countries face foundational challenges. This involves bringing down the existing non-democratic regime, keeping ... -American people have won equal rights, but are still poor, less educated and marginalised.

Why are transactions made in money? Explain with suitable examples. -SST 10th

Description : Why are transactions made in money? Explain with suitable examples. -SST 10th

Last Answer : Everyone prefers to receive payments in money and then exchange the money for things they want. For example, take the case of a blacksmith. He wants to sell tools in the market and buy rice. ... a person holding money can easily exchange it for any commodity or service that he or she wants.

“The establishment of political power by the East India Company resulted in ruination of the Indian weavers.” Support the statement with suitable examples. -SST 10th

Description : “The establishment of political power by the East India Company resulted in ruination of the Indian weavers.” Support the statement with suitable examples. -SST 10th

Last Answer : On earning the power, the British East India Company asserted a monopoly right to trade. It developed a system that would eliminate competition, control cost and ensure regular supply of cotton and ... made them to revolt against the British. They quit their profession and migrated to other places.

‘‘Advancement of international trade of a country is an index to its prosperity.’’ Support the statement with suitable examples. -SST 10th

Description : ‘‘Advancement of international trade of a country is an index to its prosperity.’’ Support the statement with suitable examples. -SST 10th

Last Answer : (i) No country in the world is self-sufficient in all its needs. Goods produced by one country are required by the other country and viceversa. Hence, differences in resources, needs and ... advancement of the international trade and hence, it is called the economic barometer' of a nation.

“For development, people look at a mix of goals”. Support the statement with three suitable examples. -SST 10th

Description : “For development, people look at a mix of goals”. Support the statement with three suitable examples. -SST 10th

Last Answer : It is true that for development, people look at a mix of goals, e.g.,: (i) If women are engaged in paid work, their dignity in the household and society increases. So dignity is an ... other than income. Hence development goal is not only for better income but for other important things in life.