List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.
ELEMENT | PERFORMANCE CRITERIA |
Elements describe the essential outcomes. | Performance criteria describe the performance needed to demonstrate achievement of the element. |
1. Carry out inspection of property to identify serviceable and saleable items and components | 1.1 Complete inspection safely without causing damage to any property, component or system 1.2 Access and interpret correct information 1.3 Inspect property, components and items to identify serviceable and saleable components 1.4 Include planned action and expected result of sale in final loss calculation 1.5 Carry out inspection activities according to industry regulations and guidelines |
2. Determine property, component and item retail or salvage price | 2.1 Undertake valuation of identified property serviceable and saleable items and components to calculate final value 2.2 Estimate retail price and salvage cost 2.3 Recommend action and record according to organisational policy, legislation and regulations |
Evidence of the ability to:
carry out inspections of property to identify serviceable and saleable items and components in compliance with industry codes of practice, legislation and regulations
determine retail or salvage price of property component or item
undertake loss calculations to determine recommended action.
Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.
To complete the unit requirements safely and effectively, the individual must:
explain the key requirements of legislation, regulations and industry codes of practice relating to safety and standard of goods for sale
describe the technical knowledge needed to estimate the value of items and components, and determine whether salvage or sale is a viable option
describe the characteristics and operation of the market for salvaged items
outline the factors to be considered when determining if items or components can be salvaged.
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the general insurance field of work and include access to:
organisational records, policy and procedures
common office equipment, technology, software and consumables.
Assessors must satisfy NVR/AQTF assessor requirements.