An insurance loss inspection is designed to document and report the current progress of repairs on damaged property to a mortgage company.
Funds dispersed by the insurance company are held by the mortgage company. The mortgage company determines how much money will be released to the mortgagor based on a job completion percentage.
A percentage must be determined by the inspector based on the amount of work that currently complete at the time of the inspection as compared to the insurance company’s estimate. We use the most up to date technology in providing this service.