SCM Risk Management Services Announces rmsQuantify, A Property Damage Appraisal and Audit Service
August 18, 2014 by SCM Insurance Services
Toronto – Seeking to add value by reducing and controlling indemnity spend and to create savings for all parties involved in a property loss claim, SCM Risk Management Services (RMS) is pleased to announce the launch of rmsQuantify™, their new property damage appraisal and audit division that minimizes exposure to full or partial loss for insurers, brokers, and adjusters.
Determining the extent of insured damages and resolving repair or replacement issues falling under the coverage of insurance requires experience and strong technical training. Often the matters to be resolved are complex and may involve multiple types of damage, including hidden damages, to the property. rmsQuantify™ provides expert support to the insurance industry in the event of a loss.
This unique service has launched with coverage in Alberta and the Greater Toronto Area, and is quickly expanding nationally. rmsQuantify™ provides an exact appraisal assessment for property damage in the event of a partial or total loss, whether it is residential or commercial in nature.
When a property claim arises, there is the potential for repair estimates to skyrocket. These estimates are subject to general errors including, but not limited to: inaccurate assessment of repair or replacement, duplications, excess labour, wrong line items, and inaccurate cost analysis.
rmsQuantify™ combines an externally-imposed valuation tool with strong industry experience. rmsQuantify™ assists insurance companies and independent adjusting firms in responding to residential and commercial claims, including CAT situations, thereby creating a more accurate, efficient, and cost-effective process.
When a property claim does occur, time is of the essence. RMS understands the need to provide industry-leading service on contact time, turnaround time, and accuracy of reports. Clients depend on RMS to act as an extension of their organization and meet or exceed their customer service expectations.
rmsQuantify™ specialists have expertise in industry-leading estimating software programs, but they also draw from years of experience in regional market conditions, possess knowledge of industry best practices, and understand economies of scale in order to provide the most accurate scope of work and estimates. RMS appraisers have an extensive understanding of their local rates and costs, local construction features, and trends in the labor market unique to their specific geography. In addition, rmsQuantify™ appraisers have backgrounds in the construction industry; many coming from an engineering or contracting background. The RMS team provides property valuations aggregating hundreds of millions of dollars every year and supports their clients’ needs by providing quick and efficient service.
The RMS organization has a national presence, with regional expertise, and offers the combined knowledge of more than 125 loss-control specialists in offices coast-to-coast. With over 50 years’ experience servicing clients across the country, RMS is the leading national risk management services company in Canada. To learn more about rmsQuantify™, please visit http://www.rmsquantify.ca.
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About SCM Risk Management Services
SCM Risk Management Services is Canada’s largest provider of inspection, loss control, appraisal/valuation services, risk management, and other specialized risk consulting solutions. For more information on RMS, please visit the website http://www.scm-rms.ca
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