Glossary · process
Loss Settlement
Terms defining how the loss payout is calculated.
Policy provision specifying ACV vs RCV, depreciation methodology, and payment schedule. Read carefully.
In practice
Where you encounter "Loss Settlement"
Policyholders see "Loss Settlement" referenced in policy language, claim correspondence, and scope documents. Knowing the precise definition under Florida practice keeps you from accepting carrier framing. See FS 626.854 on public adjuster representation and FS 627.70131 on carrier duties.
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- ✓Licensed Florida public adjusters
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- ✓No fee unless we recover more than you were offered
What kind of damage?
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Know these too
Related terms
Hurricane Supplemental
Supplemental claim specifically for hurricane damage discovered later.
Insurance Verification
Confirmation of active coverage at a specific point in time.
Managing General Agent
Agent with authority to underwrite and bind coverage.
Open Claim
A claim that has been reported but not yet finally resolved.
Partial Payment
Carrier advance before full settlement.
Payment Milestones
Discrete payments tied to repair progress.
Know the law
Related statutes
FS 626.854 Public Adjusters
Your representation rights.
FS 627.70131 Carrier Duties
Statutory deadlines.
FS 627.70132 Notice
When you must file.
FS 627.7142 Bill of Rights
Homeowner claim bill.
FS 626.9744 Matching
Reasonable matching requirement.
Free claim review
Still building your claim? We can help right now.
A licensed Florida public adjuster will review your policy and loss documentation for free.
- ✓Licensed Florida public adjusters
- ✓We work for policyholders, not insurance companies
- ✓No fee unless we recover more than you were offered
What kind of damage?
Pick the closest match. We will ask for details later.
Go deeper
Related resources
First 48 Hours
Emergency playbooks.
Claim Process
FNOL to settlement.
Florida Law
Statutes that protect you.
Denied Claims
Every denial reason.
Carriers
Florida carrier profiles.
Locations
All 67 counties.
Glossary
Every claim term.
Claim Types
Damage categories.
Storms
Florida storm profiles.
Calculators
Decision tools.
Case Studies
Real recoveries.
Help Center
Common problems.
No obligation. No fee unless recovery.
Need a claim reviewed? A licensed Florida public adjuster can help.
Free review.
Glossary
Related insurance terms
Inspection
Related glossary entry: Inspection.
Adjuster's Field Note
Related glossary entry: Adjuster's Field Note.
Florida Statute 627.7152
Related glossary entry: Florida Statute 627.7152.
Depreciation
Related glossary entry: Depreciation.
Claim Number
Related glossary entry: Claim Number.
Continuous Trigger
Related glossary entry: Continuous Trigger.
Free claim review
Your policy says more than you think. Find out what you are actually owed.
Licensed Florida public adjusters. Free claim review. No recovery, no fee.
- ✓Licensed Florida public adjusters
- ✓We work for policyholders, not insurance companies
- ✓No fee unless we recover more than you were offered
What kind of damage?
Pick the closest match. We will ask for details later.
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