Last updated 2024-12-24
Page ID: 4bf0
Approve commercial vehicle cash settlement
Who is responsible for approving the different commercial vehicle cash settlements.
Prerequisites
Claim involves a commercial vehicle.
Context
Who to obtain a cash settlement approval from for the commercial vehicle.
Approval process
The approval process uses the cash settlement amount, and claim type to determine who will authorize the cash settlement.
Cash settlement amount:
Use the table to identify the level of authorization required for a cash settlement.
| Cash settlements | Authorizer |
|---|---|
| Under $5,000 | Appraiser |
| $5,000 to $10,000 | Appraiser manager |
| Over $10,000 | Operations manager |
Claim type:
In addition to the cash settlement amount, the applicable manager must also approve of a cash settlement when the claim is a:
- hit and run claim, or
- audio, visual, and communication equipment claim.
Note: All cash settlements must meet the requirements outlined in the claim procedures.