Engineering Design & Testing

Large Loss

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Glossary of Terms

Origin and Cause Analysis

Determination of the cause or causes that initiated or contributed to a loss

Damage Assessment

Identification and quantification of physical damage resulting from a loss

Damage Segregation

Segregation of types of insured items, interpretation of the sequence of damage, and characterization of damage pre-existing the loss

Repair/Replacement Analysis

Comparison of repair and replacement alternatives considering cost, serviceability and timeliness

Valuation

Detailed estimates of repair or reconstruction costs based on damage assessment

Claim Review and Analysis

Technical audit of reported costs and comparison with damage assessment and/or independent repair estimate

Repair/Reconstruction Monitoring

Continuous or intermittent inspection and/or technical auditing of repair and/or reconstruction activities

Litigation Support

Identification of third party involvement related to causation or extent of loss, including consultation and expert testimony concerning that involvement