Contents Claim Inventory Service (CCIS) Schedule of Loss (SOL) SOL…A small investment to a better future. Contents Claim Inventory Service FEATURES: Guaranteed Quick Turn Around. CCIS provides detailed content listings of repairable, questionable & non-repairable items for insurance carriers by an unbiased party. Integrated photo inventory system to document original condition of items. Ability to record all content items with bar codes and handheld scanners. On-site listing and control of customer’s property until cleaned and returned. Contents Claim Inventory Service There is an opportunity for Insurance Companies to save money through efficiency and automation. This has been recognized on automotive and property building claims handling, but remains untapped for property contents claims. Until Now. Contents Claim Inventory Service Insurers already pay Restoration Vendors to do the Pack-Out Listing. Why not insist they use CCIS so you can put the listing to use in settling the claim? Reduced Cycle Time • Rapid turnaround of complete inventory results in quicker settlements and lower adjusting costs. • Each room and contents are individually separated and identified. The inventory can include brand, model number and brief description. Reduced Loss Costs • Accurate multi-source pricing to assist in customer acceptance. • Rapid turnaround and on-site inventory performed by an unbiased party results in a more accurate listing. • At the click of a button, the list is sorted by category so the Insurance Companies can do their Analysis and Statements of Loss. THE TECHNOLOGY Unique bar coded item tags help automate and systemize the inventory process. Reduced file life results in reduced hard and soft claim costs. Customizable room templates enhance speed to help reduce file life. Document pre-existing condition by attaching multiple pictures & notes per item and limit liabilities. THE TECHNOLOGY Contents Claim Inventory Service (CCIS) provides a variety of methods of entering the contents inventory for maximum professionalism and accuracy. Professional Image. Effective & Efficient Palm and Pocket PC based bar code scanners enable electronic contents inventory at the scene REPORTING Clean and professional product Consistent standard reporting Flexible enough to provide unique or one time reports Direct link to SOL An Export to Excel function allows the content listing to be shared with the claim handler without having to be re-typed CONTROL As items are removed from the warehouse, their tags are scanned. This assigns them to the Item Removal Sign-Off list requiring the customer’s signature. Restoration Vendors who remove items from a customer’s premises must list those items for liability reasons. CCIS is a one-of-a-kind service that enhances this process while providing a professional, electronic, transferable form. CONTENTS CLAIM FLOW Insurance Company SERVPRO® Franchise CCIS (Contents Claim Inventory Services) Claims Handler SOL (Schedule of Loss) Working together as ONE team with ONE system will close files quicker, satisfying the need to provide superior Customer Relationship Management. CONTENT CLAIM FLOW How the relationship works: Insurance Partner commits to use CCIS while providing contents claim assignments to certified providers of this service. •Claims Handler supplied with a complete and accurate inventory before the contents are lost, removed or discarded. •Insurer receives CCIS Excel format reports. •Data includes general replacement pricing and item detail. SERVPRO®Franchise, through the CCIS, provides all on-site and pack-out services including a total loss inventory that enables the claim handler to maximize the information and reports necessary to conclude the claim. Claim Handler, possibly a staff adjuster or an independent adjuster, takes advantage of all CCIS information reports to quickly and professionally complete all aspects of the claim. In the future, direct links to the Statement of Loss software will enable the claims handler to manage all aspects of the contents claim handling process. THE RELATIONSHIP Where there are strong relationships of mutual benefit everyone is a WINNER. Insured SERVPRO® Claim Handler Each party plays a vital role in this relationship. Everyone involved saves money and time by working together on ONE common system towards ONE common GOAL. The ultimate outcome of closing the file sooner results in reduced adjustment expense loss costs and maximized customer satisfaction. THE RELATIONSHIP Working for the Claim Handler... Comprehensive contents listing in an Excel spreadsheet to quickly move the claim handler closer to final settlement of the loss. … a complete inventory in your hands FAST! SCHEDULE OF LOSS Current Industry Standard Contents Inventory/Contents Claim Process: •Time-consuming •Frustrating •Desperately in need of automation What SOL is! Vs. • State Of The Art • Affordable • “Industry Standard” • “Stand Alone” It will contain all the necessary tools that a claims handler needs to accurately evaluate the Insured’s contents claim in less time, with a positive impact on loss costs and adjustment expenses. SCHEDULE OF LOSS What SOL does! •Empowers the claims handler to close claims faster with Like, Kind & Quality (LKQ) • Controls cost of content replacement • Saves time and money • Allows the sharing of the Old-to-New (OTN) Average Pricing feature that gets more refined with added description. SCHEDULE OF LOSS FEATURES: Efficient: Decreased redundancy since the SERVPRO® CCIS data directly imports into the Claims Handler Schedule of Loss software. Old to New (OTN): Instantly suggests the current replacement for many items using a compilation of years of suggested replacements into a usable format to help the claims handlers find the Like Kind & Quality, which is stored for use on future claims. The more the claim handler uses the system, the better it will work! SCHEDULE OF LOSS FEATURES: Price Validation: Regularly updated retail catalogs of preferred vendors, including pricing. Familiar Claim Form: The claim form itself is modeled after a paper style file to minimize the time it will take for adjusters to make the leap to an electronic claims processing program. Reporting and Sorting: Enhanced reporting and sorting of the content list is a powerful tool. SCHEDULE OF LOSS FEATURES: The old familiar Schedule of Loss form is now electronic! Instantly sorts by various categories: Items can be sorted by price, age, description, etc. The price sort will enable you to focus your attention on the items that matter. Description sort will help to avoid accidental duplication by the insured. Affordable: A system so affordable you will consider it a must for all your external claims support companies! SCHEDULE OF LOSS CCIS completed in the field by SERVPRO® SOL completed in your office or by the Claim Handler “Contents Claim Inventory Service” “Statement of Loss” CCIS populates and links to SOL which speeds the claim settlement The old familiar Statement of Loss is now automated. The Complete Customer Relationship Management System Contents Claim Inventory Service Check the Boxes to Improve Contents Claim Results ƀ Immediate Response Via 1-800-SERVPRO Improved Customer Service ƀ Complete Electronic Content Inventory Reduced Contents Claim Completion Times ƀ Emergency Mitigation When Appropriate Contains Loss Costs Increasing Service Ratings ƀ Statement Of Loss Software Claims Handlers “Dreams” Can Come True ƀ Contents Restoration More Successful Restoration Means Lower Replacement Costs Contents Claim Inventory Service The Commitment Immediate Inventory Bid for Restoration Services The Guarantee Reduced Claim Expense Lower Adjusting Expense Rapid File Completion To Begin: Call 1-800-SERVPRO Thank You! Questions? SERVPRO® and the SERVPRO® Design are Registered Trademarks of Servpro Industries, Inc. Copyright 2003 Servpro Industries, Inc.