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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Assess the commercial viability of damaged property and its disposal 
SAQA US ID UNIT STANDARD TITLE
255855  Assess the commercial viability of damaged property and its disposal 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5  4 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for learners who investigate claims that may be multi-faceted and may require specialist knowledge and expertise, and extensive research and investigation. It will be useful for loss adjusters and senior short term insurance or reinsurance claims negotiators who may be independent parties who can negotiate settlement on behalf of an insurer.

The qualifying learner is capable of:
  • Determining the nature of the damaged property.
  • Establishing options available for disposal.
  • Making a recommendation for disposal.
  • Arranging for disposal of salvageable property. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in Communication and Mathematical Literacy at NQF Level 4. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • Ownership could be owned, bonded, leased, out-right, suspense of sale, installment sale or joint ownership.
  • Documents include, but are not limited to, contract agreement, lease agreement, consignment or shipping documents. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Determine the nature of the damaged property. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Legal ownership is determined to establish the right of disposal. 

    ASSESSMENT CRITERION 2 
    Relevant documents are analysed to establish ownership. 

    ASSESSMENT CRITERION 3 
    The property is classified according to type and characteristics. 

    ASSESSMENT CRITERION 4 
    The property is assessed in terms of damage and value. 

    ASSESSMENT CRITERION 5 
    Guarantees, warranties and maintenance contracts on the goods are investigated in terms of implications for disposal. 

    SPECIFIC OUTCOME 2 
    Establish options available for disposal. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    A policy is analysed to determine options and calculate values. 

    ASSESSMENT CRITERION 2 
    Options for salvage are investigated with reference to sale, repair, recycling, supply and demand, abandonment, trade in and other economic considerations. 

    ASSESSMENT CRITERION 3 
    Conditions for disposal are investigated with reference to policy, statutory and contractual conditions. 

    ASSESSMENT CRITERION 4 
    Expert opinion is interpreted to assist in determining options. 

    SPECIFIC OUTCOME 3 
    Make a recommendation for disposal. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Information relating to the enquiry is collated and a recommendation is made to the insurer. 

    ASSESSMENT CRITERION 2 
    Conditions where it is necessary to obtain the insurer's consent are identified for a specific event. 

    SPECIFIC OUTCOME 4 
    Arrange for disposal of salvageable property. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Arrangements for disposal are determined for a specific insurer. 

    ASSESSMENT CRITERION 2 
    Tender documents are prepared for the damaged property. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a candidate against this Unit Standard must be registered as an assessor with the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard must be accredited as a provider through the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines and the agreed ETQA procedures. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Learners are capable of identifying and solving problems in which responses show that responsible decisions using critical and creative thinking have been made in making a recommendation for the disposal of salvageable goods. 

    UNIT STANDARD CCFO ORGANISING 
    Learners are capable of organising and managing their activities responsibly and effectively in arranging for the disposal of damaged property. 

    UNIT STANDARD CCFO COLLECTING 
    Learners are capable of collecting, organising and critically evaluating information in establishing ownership and investigating options for salvage. 

    UNIT STANDARD CCFO COMMUNICATING 
    Learners are capable of communicating clearly in preparing tender documents and liaising with the insurer and insured. 

    UNIT STANDARD CCFO SCIENCE 
    Learners are capable of using technology effectively and critically in using digital cameras and computer technology for administration and communication with clients. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  61529   National Certificate: Loss Adjusting  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  INSETA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.