ORM Property Claims. Blanket Property Boiler & Machinery Employee Bonds Crime Policy Bridge Property Damage. P.O. Box 91106 70821-9106 [email protected] First party claims involve our Insured Agencies and Employees.
Boiler & Machinery
Bridge Property Damage
ORM is contractually obligated to cover 1st Party losses, unless the premiums are not paid.
Third party claims involve individuals who are making a claim against one of our User Agencies.
ORM is obligated to defend and indemnify claims against the User Agencies.1st Party Vs. 3rd Party Claims
Most claims expire or prescribe 12 months after the date of loss.
Most losses can be reported anytime during this 12 month prescriptive period, but should be reported as soon as possible.
Employee bond claims are based upon the date of discovery.
The employee bond policy requires that the claim be reported within 90 days of the discovery date.
The suspect employee must be identified when the loss is reported.Date of Loss Vs. Discovery Date
All damaged items should be labeled or tagged with the correct ORM claim number before being sent to Louisiana Property Assistance Administration (LPAA) for disposal as any salvage received from auction is supposed to benefit ORM, and thereby reduce the net claim amount, which in turn reduces the User Agency’s future premiums.