Sep 7, 2021 11:00:00 AM
WHY IS ON-TIME REPORTING OF PHYSICAL DAMAGE CLAIMS IMPORTANT? On-time reporting of physical damage claims allows Great West Casualty Company to begin the investigative process while all of the details are still fresh in the minds of those involved. Prompt claim reporting is important for several reasons, including downtime and claim processing. If the Property Damage Cargo (PDC) Adjuster can respond in the first 24 hours, he or she can take steps immediately to minimize the insured’s downtime, assist with towing, control costs, and get the equipment back on the road more quickly. Additionally, on-time reporting can affect the severity of a claim. Great West’s PDC Adjusters work with wrecker services and body shops every day. They specialize in resolving claims promptly to minimize losses and reach a fair and accurate settlement. Experience shows, however, that the longer it takes to report a claim, the higher the claim’s cost.