Economic Loss Module

(a) The association must adjust residential slab claims using the damage estimates obtained as described in §5.4038 of this title.

(b) The association must use the wind damage estimates obtained as described in §5.4038 of this title to determine the scope of work and associated costs for each component that was likely damaged by wind.

(c) The damage estimation module does not generate estimates on damage to contents; association adjusters must determine the amount to pay for contents by taking into consideration:

(1) the adjuster's knowledge and experience; and

(2) information about the particular property from the property database, the policyholder, and other sources, including applicable information from the damage estimation module.

Source Note: The provisions of this §5.4039 adopted to be effective March 28, 2017, 42 TexReg 1459.