Filed Under:Risk Management, Loss Control

Case Study: Claim To Excellence

Trust is earned the old-fashioned way at KMRD Partners: without shortcuts. This core principle is exemplified through the agency’s claims-resolution process, which is designed to eliminate surprises and ease clients’ anxiety.

Case in point: Just two weeks after acquiring KMRD coverage, a Pennsylvania boarding school experienced a fire in its maintenance and heating facility. Not only was the fire the most severe the school had ever experienced, but it occurred in chilly mid-November.

KMRD immediately executed its emergency-claims procedures: It alerted its entire service team, sent two agency reps to the school (with cameras for documenting damage) and sent one representative to KMRD’s office to prepare for the next day’s meeting with school administrators.

The school implemented its disaster-recovery plan and immediately evacuated students to the gymnasium, arranged for temporary lodging in the gymnasium, ordered temporary boilers so students could return to their dormitories once the fire was extinguished, and appointed (at KMRD’s direction) one point of contact for the media.

At the next day’s meeting with school administrators, KMRD outlined key partners involved in the claim and provided sample policy forms obtained during negotiation processes with the carrier. KMRD also stressed the need to identify the cause and origin of the fire to ensure complete coverage: Prior to this meeting, the school was already engaging a demolition company to arrive that same day—they would have lost a component of coverage had they done so.

Featured Video

Most Recent Videos

Video Library ››

Top Story

U.S. cyber insurance continues to grow, according to Fitch Ratings

The top 15 writers of cyber held approximately 83% of the market in 2016.

Top Story

Top 10 states for boat and other watercraft accidents & thefts

Make sure your insurance clients are covered for all their recreational boating adventures.

More Resources

Comments

eNewsletter Sign Up

PropertyCasualty360 Daily eNews

Get P&C insurance news to stay ahead of the competition in one concise format - FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.