Insurance Fire Estimating

Tamsen Butler
Loss from a fire.

Insurance fire estimating involves making sure that your property and belongings are adequately covered in the event of a loss from a fire. This may also refer to the occupation of Insurance Estimator, which is a job involving visiting locations of fires on behalf of an insurance company. The Insurance Estimator determines the total amount of damage and the amount of money the company will provide to the insured.

Estimate Your Fire Insurance Need

How Much Does Your Policy Cover?

Homeowner's insurance and renter's insurance usually include coverage for fire damage in addition to rebuilding costs for homeowners in the event of a total loss. You should not assume, however, that your policy adequately covers your home or place of business unless you have actually confirmed it by researching your policy. Find out how much coverage you have in the event of a fire by reading your insurance policy documents or by contacting your insurance agent.

When You May Want Additional Fire Coverage

Your insurance agent can be a great resource to use when trying to decide if you need additional fire insurance coverage. Often you will find that the coverage you have within your existing policy is sufficient, but there are other instances when you may want to add a fire insurance rider to your policy or purchase an entirely separate policy for fire coverage. Instances which may merit additional fire insurance include:

  • You have expensive or highly sentimental items in your home or place of business.
  • You live in an area prone to fire damage.
  • You have a very large deductible attached to your homeowner's or renter's insurance policy and would like a separate fire insurance policy with a smaller deductible.

Take all these factors into consideration when insurance fire estimating. As with most insurance policies, it is far better to be safe than sorry. If you feel as though you may need additional fire insurance, then you should obtain a policy. Purchasing a fire insurance rider can be relatively inexpensive depending on your needs.

Jobs for Insurance Fire Estimating

Insurance companies employ representatives to visit locations where a claim has been made as a result of fire damage. It is the job of the insurance estimator to estimate the amount of money that is due to the claimant, and also to make sure that there are no indicators pointing toward insurance fraud. This can be an interesting job which might involve travel. It can also be a rewarding job if your intention is to help your claimants as quickly and efficiently as possible so they can start rebuilding their homes and their lives.

Individual states have their own licensing requirements for insurance estimators. A quick Internet search for your state will reveal what is required in order for you to pursue a career as a fire insurance estimator. To specialize in fire estimating you may be required to have additional knowledge and training beyond what is required for general insurance estimators.

Training

Some insurance companies provide extensive training to potential insurance estimators with the understanding that the training will lead to a position within the company. You can also seek out training through community colleges within your area or though online learning.

With so many schools offering insurance courses online, be sure to verify that the school is a viable institution and the curriculum is positively recognized by insurance companies and organizations. You don't want to pay for courses and take the time to complete them just to later realize that the training was not applicable to practical insurance estimating.

Certifications

Most training programs in fire estimating lead up to the completion of certification exams. Although not all states require certain certifications for fire estimators, there are some certifications you can receive which will better your chances of employment or promotion. If you are currently employed within the insurance field, make an appointment with your personnel department to discuss the certifications your employer would like for you to have.

Insurance Fire Estimating