- Coverage restrictions in a lower enclosure of an elevated building are limited in coverage depending on?
Date of Construction (Pre-Firm or Post-Firm) and Zone.
- Do I need an adjuster’s license?
Yes. CNC requests that you have one in your home state.
- Does CNC need a copy of my adjuster’s license?
Yes. CNC needs one for all states that you are licensed in.
- How do I get a copy of my adjuster’s license?
Go to http://naic.org/state_web_map.htm and click on your state.
- How do I get my e-mail?
Go to your webmail, tab on "claimsource", then click "submit".
- How do I put my claim in my open box?
Using the adjuster menu, Go to "Claimsource", then to “my new claims” and open each one. They will transfer over to your working claims. You will need to go to the "working claims" to view and status each claim.
- How do I upload my report?
Attachment tab in the attachment name selected the caption that best describes (Example Final = all closing documents) Make sure you type in the Summary box if just SA for "see attached" then browse "find file" and attach.
- Is a risk considered “Substantially Damaged”?
“Substantial Damage” refers to damage of any origin sustained by a building whereby the cost of restoring the building to its before-damaged condition would equal or exceed 50% of the market value of the building before the damage occurred.
- Under a Dwelling Form, what items are always settled on an actual cash value basis?
Carpeting, Appliances, Personal Property, Outdoor Awnings (attached to the building), Outdoor Antennas (attached to the building), Secondary or Seasonal Residence.
- What is a non-waiver?
A non-waiver is an agreement signed by the policyholder after a loss, agreeing that the investigation and determination of the amount of damage by the insurance company shall not be construed as an admission of liability.
- What is ACV?
ACV refers to “Actual Cash Value”, which equals replacement cost less non-recoverable depreciation.
- What is ICC?
ICC stands for “Increased Cost of Compliance” – Coverage D is a line of coverage, which provides coverage in the event that the risk must be brought into compliance with flood-related building codes and floodplain ordinances.
- What is required for a building or room to be classified as a basement?
The building or room must be below grade on all sides. A sunken portion of a room or room can be a basement if it is below grade on all sides.
- When is a non-waiver used?
A non-waiver is used when the insured is in violation of a policy condition and there is a question to whether or not the company is liable for a loss, but it wishes to investigate the loss and determine the amount of damage. Some examples include: Policy has lapsed in coverage, possibility of fraud, late reporting, policy has become void.
- When is a risk eligible for ICC coverage?
A risk must be a pre-firm or post-firm home with updated elevation requirements put into effect after the date of construction. It must be in a Special Flood Hazard Area, and must meet the definition of “Substantial Damage” or “Repetitive Loss”.
- When should a Preliminary Damage Assessment Form be completed?
A Preliminary Damage Assessment Form should be completed when the estimate loss exceeds 50% of the value of the home based on the market value.
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