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Insurance Claims Process for Property Damage Insurance Claims

Insurance Claims Process for Property Damage Insurance Claims

Navigating Insurance Claims Process for Property Damage Insurance Claims

Did you know that property damage claims account for a significant portion of insurance claims every year? Whether it’s from a natural disaster, fire, or other unforeseen events, property damage can be a devastating experience. In this comprehensive guide, we will provide expert guidance on navigating the insurance claims process for property damage, helping you understand the steps involved and ensuring a smooth resolution.

Key Takeaways:

  • Understanding the insurance claims process is crucial for navigating property damage claims.
  • Proper documentation of property damage is essential for a successful claim.
  • Effective communication with your insurance company can help streamline the claims process.
  • Before filing a claim, reviewing your insurance policy and understanding your coverage is important.
  • If you encounter challenges, seeking professional assistance from organizations can be beneficial.

Understanding the Insurance Claims Process for Property Damage

Before diving into the property damage claim process, it’s important to have a clear understanding of the overall insurance claims process. At [Insurance Company Name], we believe in transparency and guiding our customers through each step of the claim process for property insurance, whether it’s for home insurance or commercial property insurance.

When it comes to filing a claim for property damage, it’s crucial to be knowledgeable about what to expect in the property damage insurance claims process. We will walk you through the key steps involved, ensuring you have a solid understanding of the entire process, from start to finish.

Step 1: Filing a Claim

The first step in the property damage insurance claim process home insurance claims process or any property insurance claim is to file the claim with your insurance provider. This involves contacting your insurance company and providing them with relevant details regarding the damage, as well as any supporting documentation.

“Filing a claim promptly is important to ensure a timely resolution and prevent any potential complications,” says Brian Canfield, CEO at Dependable Resolutions.

Step 2: Initial Assessment

After filing a claim, your insurance company will assign an insurance adjuster to evaluate the extent of the property damage. The adjuster will assess the situation and determine the next steps in the claim process.

“During an initial assessment, the insurance adjuster may request additional documentation or information about the damage. It’s important to provide them with accurate and detailed information to facilitate a smooth process,” advises Brian Canfield.

Step 3: Damage Documentation

Properly documenting the property damage is crucial for a successful claim. This includes taking photographs or videos of the damage, compiling a list of affected items, and preserving relevant evidence supporting your claim.

“Thoroughly documenting the damage not only helps the insurance company assess the loss but also acts as evidence during the claims process,” says Brian Canfield.

Step 4: Claim Settlement

Once the documentation is complete and the insurance company has assessed the damage, they will make a settlement offer based on your policy coverage. The settlement will include the amount the insurance company is willing to pay for the repairs or replacement of the damaged property.

“It’s important to carefully review the settlement offer and ensure it adequately covers the cost of repairs or replacement. If you have any concerns or questions, don’t hesitate to discuss them with your insurance company,” advises Brian Canfield.

By understanding the insurance claims process for property damage, you can navigate the process more confidently and ensure a smoother resolution. In the following sections, we will delve deeper into each step, providing you with valuable insights and tips to optimize your claims experience.

 

Evaluating Property Damage

After filing a property damage claim, it is crucial for the insurance company to conduct a thorough evaluation of the damage. This evaluation helps determine the extent of the damage and the appropriate settlement amount. In this section, we will discuss the factors involved in assessing property damage and the methods used by insurance adjusters to evaluate it.

Factors Involved in Assessing Property Damage

When evaluating property damage, insurance adjusters take into account various factors to determine the scope and cost of repairs. These factors may include:

  • Extent of Damage: Adjusters assess the severity of the damage, including structural, cosmetic, and functional aspects.
  • Age of the Property: The age of the property may impact the replacement value and depreciation calculations.
  • Previous Damage or Wear: Any pre-existing damage or wear on the property may affect the assessment.
  • Materials and Quality: The type of materials used and the overall quality of the property are considered when evaluating the damage.
  • Code Compliance: Adjusters verify if the property meets local building codes and regulations.

Methods Used by Insurance Adjusters

Insurance adjusters employ different methods to evaluate property damage, aiming to determine accurate repair costs and settlement amounts. Some common methods include:

  1. On-Site Inspections: Adjusters visit the property to inspect and assess the damage firsthand.
  2. Photographic Evidence: Adjusters may request photographs of the damage to support their evaluation.
  3. Estimates and Reports: Adjusters review repair estimates and reports provided by contractors or specialists.
  4. Comparative Analysis: Adjusters may compare the damage to similar properties to determine fair settlement values.
  5. Policy Guidelines: Adjusters refer to the insurance policy to ensure compliance with coverage limits and exclusions.

By using these evaluation methods and considering the relevant factors, insurance adjusters aim to reach a fair and accurate assessment of the property damage. This assessment forms the basis for the property claim settlement process, ensuring that policyholders receive the appropriate compensation for their losses.

Advantages Disadvantages
Provides a comprehensive evaluation of the property damage May result in disagreements between the policyholder and the insurance company
Helps determine the appropriate settlement amount Assessment may vary depending on the adjuster’s expertise and interpretation
Ensures fair compensation for policyholders Process can be time-consuming, particularly when dealing with damaged or destroyed property claims.

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Documenting the Property Damage

Proper documentation is crucial when filing a property insurance claim. By providing thorough evidence of the damage, you can increase the chances of a successful claim settlement. Here are some essential steps to effectively document the property damage:

1. Take Detailed Photos

Start by taking clear and detailed photographs of the damaged areas. Capture multiple angles and close-up shots to accurately depict the extent of the damage. These photos will serve as vital evidence during the claims process.

2. Collect Supporting Evidence

In addition to photographs, gather any supporting evidence that can substantiate your claim. This may include receipts, invoices, contracts, or any other documents related to the property and its contents. This evidence can help strengthen your case and ensure a fair settlement.

3. Create an Inventory

Create a comprehensive inventory of all the affected items. Include descriptions, purchase dates, and values whenever possible. This inventory will assist you in accurately calculating the value of your losses and aid in the claims process.

4. Preserve Physical Evidence

If there are any damaged items that can be safely preserved, keep them aside. Insurance adjusters may need to inspect or evaluate these items to assess the extent of the damage. Properly storing and protecting the physical evidence is crucial for your claim’s success.

Proper documentation is crucial when filing a property insurance claim. By providing thorough evidence of the damage, you can increase the chances of a successful claim settlement.

Remember, throughout the entire documentation process, it’s important to be accurate, detailed, and consistent. Avoid altering or manipulating any evidence, as this could jeopardize your claim. If you’re uncertain about any aspect of the documentation process, consult with a property claims management professional for guidance.

Communicating with your Insurance Company

Effective communication is key during the property insurance claims process. Timely and accurate reporting ensures a smooth claims experience and helps expedite the resolution of your property damage claim.

When communicating with your insurance company, it’s essential to provide detailed information about the damage. Be clear and concise in explaining the extent of the property damage, including any structural or personal property losses. Use photographs and videos as visual evidence to support your claim.

Keep a record of all communication with your insurance adjuster, including notes from phone conversations, emails, and letters. This documentation can serve as evidence of your efforts to cooperate and provide necessary information for a fair assessment of your claim.

Be proactive in pursuing updates on the progress of your claim. Ask for regular updates from your insurance company to stay informed about the status of your claim and the next steps in the process. If there are any delays or issues, request an explanation for the cause and an estimated timeline for resolution.

Property Damage Claim in Riverview Fl

Effective Tips for Communicating with Your Insurance Adjuster:

  • Remain calm and professional: Stay composed and maintain a professional tone during all interactions.
  • Be organized: Keep all your documents and evidence in an orderly manner, making it easier to reference during conversations.
  • Ask questions: Seek clarification about any terms or processes you don’t understand.
  • Follow up in writing: Whenever possible, send follow-up emails summarizing key points discussed during phone conversations.
  • Be persistent: If you find it challenging to reach your insurance adjuster, leave polite messages or consider sending a written request for a callback.

Remember, effective communication greatly contributes to a successful property insurance claims process. By staying proactive, organized, and maintaining open lines of communication, you can help facilitate a smooth resolution for your property damage claim.

Working with Insurance Adjusters

When it comes to the property claim settlement process, insurance adjusters play a crucial role in assessing the damage and determining the appropriate settlement amount. Understanding how to effectively work with insurance adjusters can greatly impact the outcome of your property damage insurance claim. Here’s what you need to know:

Evaluation of Damage

Insurance adjusters are responsible for evaluating the extent of the property damage. They will visit the property, assess the damage, and document their findings. It’s important to provide them with all the necessary information and evidence regarding the damage, including photographs, videos, and any relevant documentation such as repair estimates or receipts for damaged items. Cooperation and transparency are key during this evaluation process.

Negotiations

After assessing the damage, insurance adjusters will work with you to reach a fair settlement amount. It’s important to understand that their goal is to protect the interests of the insurance company while ensuring you receive the compensation you are entitled to. Be prepared to negotiate and advocate for the full extent of your property damage claim. Provide any additional evidence or expert opinions that support your case and highlight the impact of the damage on your property.

Potential Challenges

Working with insurance adjusters can sometimes present challenges, especially if there are disagreements regarding the extent of the damage or the appropriate settlement amount. It’s important to remain persistent, document all communication with the adjuster, and be prepared to escalate the claim if necessary. Seeking professional assistance can also help navigate any complex issues that arise during the claims process.

Remember, the property claims management process can be complex, and working with insurance adjusters requires knowledge and understanding of the insurance industry. If you find yourself unsure or facing challenges, consider seeking professional assistance from organizations such as the American Policyholder Association (APAAssociation.org) and F.A.P.I.A. (FAPIA.net) who can provide support and guidance throughout the claims process.

Reviewing your Insurance Policy

When it comes to the property insurance claims process, reviewing your insurance policy thoroughly is a crucial step. Understanding the key provisions related to property damage claims can help you navigate the process more effectively and ensure that you have the coverage you need.

Here are some important elements to consider:

  1. Coverage limits: Familiarize yourself with the coverage limits specified in your policy. These limits dictate the maximum amount that your insurance company will pay for property damage claims. Understanding these limits can help you manage your expectations and make informed decisions throughout the claims process.
  2. Deductible: Take note of the deductible amount you are responsible for. This is the portion of the claim that you must pay out of pocket before your insurance coverage kicks in. Knowing your deductible can help you plan your finances accordingly and assess the cost-effectiveness of filing a claim for minor damages.
  3. Perils covered: Review the specific perils or events that are covered by your policy. This includes damages caused by fire, storms, vandalism, or other specified perils. Understanding the scope of coverage can help you determine if the damage you have experienced falls within the covered perils.
  4. Exclusions: Be aware of any exclusions or limitations stated in your policy. These are situations or circumstances in which your insurance coverage may not apply. By familiarizing yourself with the exclusions, you can avoid potential surprises or misunderstandings during the claims process.
  5. Requirements and obligations: Take note of any specific requirements or obligations outlined in your policy. This may include notifying your insurer within a certain timeframe after the damage occurs or providing documentation and evidence to support your claim. Staying informed about these requirements can help you fulfill your obligations and prevent unnecessary delays or complications.

By thoroughly reviewing your insurance policy, you can have a clearer understanding of your coverage and be better prepared to navigate the property insurance claims process. If you have any questions or need clarification regarding your policy, don’t hesitate to reach out to your insurance agent or company for assistance.

Filing a Property Insurance Claim

Filing a property insurance claim can be a complex process, but we are here to help guide you through each step. By following the necessary procedures and gathering the required documentation, you can ensure a smooth and successful claim settlement.

  1. 1. Notify your insurance company: Contact your insurance company as soon as possible to report the property damage. Provide them with all the relevant details about the incident, including the date, location, and a thorough description of the damage.
  2. 2. Document the damage: To support your claim, it’s crucial to document the property damage thoroughly. Take clear and detailed photographs of all the affected areas and items. Make a list of damaged items, including their approximate value and any relevant receipts or proof of purchase.
  3. 3. Fill out claim forms: Your insurance company will provide you with claim forms to complete. Fill out these forms accurately and provide any additional information requested. Be sure to include all relevant details about the incident and the damages incurred.
  4. 4. Provide supporting documents: Along with the claim forms, you may be required to submit supporting documents. These can include police reports, invoices for repairs, or any other evidence related to the damage. Ensure that you keep copies of all documents for your records.
  5. 5. Cooperate with the insurance adjuster: An insurance adjuster will be assigned to assess the damage and determine the value of your claim. Cooperate fully with the adjuster and provide any additional information or documentation they may need.

By following these steps, you can ensure that your property insurance claim is filed correctly and increase the chances of a successful settlement. Remember to keep all communication with your insurance company documented and maintain copies of all correspondences.

Our Recommended Approach:

“When filing a property insurance claim, it is crucial to be proactive and organized. Documenting the damage with photographs and thorough descriptions, filling out claim forms accurately, and providing any supporting documents can significantly strengthen your case. Cooperation with the insurance adjuster is also essential to ensure a smooth claims process for damage to your property. By following these steps, you can maximize your chances of a fair and timely claim settlement.”

Real-Life Example:

Case Study: John’s Home
Property Damage John’s home experienced significant water damage due to a burst pipe in the basement. The water caused extensive damage to the walls, floors, and personal belongings in the affected area.
Steps Taken
  • John immediately contacted his insurance company to report the damage and filed a property insurance claim.
  • He meticulously documented the damage by taking photographs and creating a detailed inventory of the affected items.
  • John completed all the necessary claim forms accurately and provided any additional information requested by his insurance company.
  • He cooperated fully with the insurance adjuster, providing access to the damaged area and answering any questions they had.
Claim Settlement Thanks to John’s organized approach and thorough documentation, his property insurance claim was successfully settled. The insurance company covered the actual cash value of repairs, restoration, and replacement of the damaged items, allowing John to restore his home to its pre-loss condition.

Dealing with Claim Denials or Underpayments

Unfortunately, claim denials or underpayments can occur during the property insurance claims process. Understanding common reasons for these issues and knowing how to dispute a denial or negotiate for a fair settlement, especially with the help of the department of insurance, is crucial. This section will guide you through the steps to handle claim denials or underpayments effectively.

Reasons for Claim Denials or Underpayments

There are several common reasons why an insurance company may deny a property damage claim or provide an inadequate settlement. These include:

  1. Inadequate documentation: Insufficient evidence or documentation of the property damage or loss can lead to claim denials or underpayments.
  2. Poor communication with your claims adjuster: Lack of clear and effective communication with the insurance company regarding the claim can result in misunderstandings or denials.
  3. Policy exclusions: Certain exclusions or limitations within the insurance policy may restrict coverage for specific types of property damage.
  4. Policy misinterpretation: Misinterpreting the policy terms and conditions can contribute to claim denials or discrepancies in the settlement amount.
  5. Disputed causation: If the insurance company disputes the cause of the property damage, it may lead to a denial or reduced claim settlement.

Disputing a Claim Denial or Underpayment

If your property insurance claim has been denied or you have received an inadequate settlement, it’s essential to take action. Follow these steps to dispute the denial or negotiate for a fair settlement:

  1. Review your policy: Carefully review your insurance policy to understand the coverage and determine if the denial or underpayment is justified or if there are legitimate grounds for dispute.
  2. Gather additional evidence: Collect any further evidence, documentation, or expert opinions that support your claim. This may include photographs, repair estimates, or third-party evaluations.
  3. File an appeal with the department of insurance if necessary: Contact the insurance company and file an appeal, clearly stating your disagreement with the denial or underpayment. Provide the additional evidence gathered to support your case.
  4. Engage in negotiations: Work with your insurance adjuster to negotiate a fair settlement. Be prepared to provide strong arguments based on the evidence and policy language.
  5. Consider professional assistance: If the negotiation process becomes challenging or unsuccessful, consider seeking professional assistance from a public adjuster or an attorney with experience in property insurance claims disputes.

Common Reasons for Claim Denials or Underpayments

Reason Description
Inadequate documentation Lack of sufficient evidence or documentation of the property damage
Poor communication Ineffective communication with the insurance company regarding the claim
Policy exclusions Exclusions or limitations within the insurance policy that restrict coverage
Policy misinterpretation Misinterpretation of the policy terms and conditions
Disputed causation Disputes regarding the cause of the property damage

Disputing a claim denial or negotiating for a fair settlement requires a thorough understanding of the insurance policy and effective communication with your insurance company. Following the appropriate steps can increase the chances of achieving a favorable resolution.

Seeking Professional Assistance

We understand that navigating the property insurance claims process can be challenging, especially when dealing with property damage. In such situations, seeking professional assistance can be highly beneficial. Two organizations that can provide support and guidance to policyholders are the American Policyholder Association (APAAssociation.org) and the Florida Association of Public Insurance Adjusters (F.A.P.I.A.). These organizations have extensive experience in property claims management and can help you navigate the complex property insurance claims process.

The American Policyholder Association (APAAssociation.org) advocates for policyholders and ensures fair treatment in insurance claims. They provide resources, legal guidance, and expertise to help you understand your rights as a policyholder. With their support, you can confidently navigate the property insurance claims process and maximize your claim settlement.

F.A.P.I.A. (FAPIA.net) is an association of licensed public insurance adjusters specializing in property claims management. They work on behalf of policyholders to ensure fair and accurate claim settlements. By engaging a qualified public adjuster from F.A.P.I.A., you can have a seasoned professional advocating for your best interests throughout the claims process.

These organizations have a deep understanding of the property insurance claims process and can assist you in various aspects, including evaluating your policy, documenting property damage, communicating with your insurance company, and negotiating for a fair settlement. Their expertise can help alleviate the stress and complexity of navigating the property insurance claims process, giving you peace of mind during what can be a challenging time.

To learn more about the services and assistance provided by the American Policyholder Association and F.A.P.I.A., visit their websites (APAAssociation.org and FAPIA.net, respectively).

American Policyholder Association F.A.P.I.A.
Website APAAssociation.org FAPIA.net
Description The American Policyholder Association advocates for policyholders, providing resources, legal guidance, and expertise. F.A.P.I.A. is an association of licensed public insurance adjusters who specialize in property claims management.
Services Policyholder advocacy, claim assistance, legal support Public insurance adjusters, claim management, negotiation support
Expertise Deep understanding of property insurance claims process and policyholder rights Extensive experience in property claims management and settlement negotiation

Understanding the Property Claims Settlement

Once the property damage has been evaluated and documented, the next step in the insurance claims process is the settlement. It is crucial to understand the different types of settlements, how they are calculated, and important considerations before accepting a settlement offer.

Types of Settlements

When it comes to property claims settlements, there are two common types:

  1. Cash Value Settlement: This type of settlement compensates you for the current market value of your damaged property, taking into account depreciation. The insurer will deduct the depreciation amount from the replacement cost to determine the cash value settlement.
  2. Replacement Cost Settlement: A replacement cost settlement covers the cost of repairing or replacing the damaged property without considering depreciation. It provides compensation based on the current market value of the property or the cost of replacing it with a similar item.

Calculating the Settlement

The calculation of a property claims settlement depends on various factors, including the type of settlement, policy coverage limits, deductibles, and any additional endorsements within the policy. Insurance adjusters will typically consider the following:

  • The extent of property damage to your home
  • The cost of necessary repairs or replacements
  • The value and age of the damaged items
  • The coverage limits and endorsements in the insurance policy

Considerations before Accepting a Settlement Offer

Before accepting a settlement offer from your insurance company, it is essential to carefully consider the following:

  • Review the details of the settlement offer and ensure it adequately covers all damages and losses.
  • Consult with professionals, such as public adjusters or legal advisors, to assess the fairness of the offer and evaluate any potential legal rights or options.
  • Understand the potential long-term implications of accepting a settlement, such as any impact on future insurance premiums or the ability to file additional claims related to the same incident, especially in the context of property damage insurance claims process.

Remember, it is within your rights to negotiate or dispute a settlement offer if you believe it does not accurately reflect the damages and losses you have incurred. Seeking professional assistance from the department of insurance can provide valuable guidance in these situations.

Cash Value Settlement Replacement Cost Settlement
Definition Compensates for the current market value of damaged property, considering depreciation. Covers the cost of repairing or replacing damaged property without considering depreciation.
Calculation Deducts depreciation from the replacement cost to determine the cash value settlement. Bases compensation on the current market value of the property or the cost of replacing it with a similar item.
Factors – Extent of property damage
– Cost of repairs or replacements
– Value and age of damaged items
– Policy coverage limits and endorsements, and understanding the role of the claims adjuster.
– Extent of property damage
– Cost of repairs or replacements
– Value and age of damaged items
– Policy coverage limits and endorsements

This comprehensive guide has provided expert guidance on navigating the insurance claims process for property damage. We understand that dealing with property damage incidents can be stressful, but by following the steps outlined in this guide, you can ensure a smooth resolution.

It’s crucial to have a clear understanding of the insurance claims process. By knowing what to expect from start to finish, you can navigate the process with confidence and avoid any unexpected surprises.

Additionally, documenting the property damage thoroughly is essential. By taking photos, collecting evidence, and keeping a detailed inventory of affected items, you provide crucial support for your claim, increasing the chances of a fair settlement.

Finally, effective communication with your insurance company is key. Timely and accurate reporting, as well as open and transparent communication with your insurance adjuster, can help expedite the claims process and ensure that your concerns are addressed.

If you encounter challenges or need additional support, don’t hesitate to seek professional assistance. Organizations like the American Policyholder Association (APAAssociation.org) and F.A.P.I.A. (FAPIA.net) specialize in providing guidance and advocacy for policyholders navigating the complex world of property insurance claims.

By following these guidelines and reaching out for help when needed, you can maximize your chances of securing a fair settlement and achieving a satisfactory resolution to your property damage incidents.

FAQ

What is the insurance claims process for property damage?

The insurance claims process for property damage involves several steps, including filing a claim, evaluating the damage, documenting the damage, communicating with your insurance company, working with insurance adjusters, reviewing your insurance policy, filing the claim, dealing with claim denials or underpayments, seeking professional assistance if needed, and understanding the property claims settlement. Each step is crucial in ensuring a smooth resolution and fair compensation for the property damage.

How do I file a property insurance claim?

To file a property insurance claim, you will need to gather necessary documentation, such as photos and evidence of the damage, and fill out claim forms provided by your insurance company. It’s important to report the damage to your insurance company as soon as possible to initiate the claims process. Be prepared to provide detailed information about the incident, including the date, time, and cause of the damage, as well as any relevant policy details.

What should I do if my property insurance claim is denied or underpaid?

If your property insurance claim is denied or underpaid, it’s important to review your insurance policy to understand the reasons for the denial or underpayment. You may need to dispute the denial or negotiate for a fair settlement. Gathering relevant evidence and documenting any discrepancies can strengthen your case. If you are facing challenges, consider seeking professional assistance from organizations such as the American Policyholder Association (APAAssociation.org) and F.A.P.I.A. (FAPIA.net) to help navigate the complex process and advocate for your rights.

How can I effectively communicate with my insurance company during the claims process?

Effective communication with your insurance company is essential for a smooth claims process. It’s important to keep your insurer informed of any developments and to promptly respond to any requests for information or documentation. Be sure to document all interactions, including dates, times, and the names of individuals you speak with. Clear and concise communication, providing all necessary details, can help expedite the claims process and minimize any potential misunderstandings.

What is the role of insurance adjusters in the property claims process?

Insurance adjusters play a crucial role in the property claims process. They are responsible for evaluating the damage, assessing the value of the claim, and negotiating a settlement. Adjusters may conduct inspections, review documentation and evidence, and communicate with contractors and other relevant parties. It’s important to cooperate and provide any requested information or documentation to the adjuster to ensure an accurate assessment and fair settlement.

Maximizing Insurance Claim Settlements for Policyholders: The Role of Public Adjusters

Maximizing Insurance Claim Settlements for Policyholders: The Role of Public Adjusters

Maximizing Insurance Claim Settlements for Policyholders: The Role of Public Adjusters

Navigating the complexities of the insurance claims process can be a daunting task for policyholders. After experiencing property damage or a disaster, the last thing one wants is to face a challenging and often confusing negotiation with an insurance company. This is where the expertise of public adjusters comes into play, offering a beacon of hope and tangible benefits to those in need of fair compensation. Public adjusters advocate for the policyholder in insurance claims, ensuring that the claims are accurately filed and somewhat settled. This article will delve into the multifaceted role of public adjusters and highlight how Dependable Resolutions, accessible at GetClaimsResolved.com, stands out in the industry, advocating for policyholders’ rights and maximizing settlements.

Expertise and Experience

Public adjusters bring a wealth of knowledge and experience to the table. Their understanding of intricate insurance policies and coverage details is unmatched. This expertise is crucial in helping policyholders comprehend their rights and the scope of their coverage. With a professional like a public adjuster, navigating the claims process becomes less intimidating, ensuring that policyholders are well-informed and prepared to make decisions about their claims.

 

Maximizing Property Claim Settlements-Dependable Resolutions

Maximizing Insurance Claim Settlements

One of the primary benefits of engaging a public adjuster is their commitment to securing the maximum possible settlement for the policyholder. Unlike insurance company adjusters, public adjusters work exclusively for the policyholder, ensuring that the damage assessment is thorough and the compensation is commensurate with the loss. They meticulously document all damages and negotiate assertively with insurance companies, advocating for the highest possible settlement.

Comprehensive Claims Management

The insurance claims process can be intricate and burdensome. Public adjusters alleviate this burden by managing the entire process on behalf of the policyholder. From the initial documentation and filing of the claim to the final negotiations and settlement, public adjusters handle every step with precision and professionalism. Their proactive approach ensures a smooth and timely claim resolution, sparing the policyholder from the complex administrative tasks involved.

Alleviating Stress

Dealing with property damage is stressful enough without the added pressure of insurance claims. Public adjusters understand the emotional toll it can take on individuals and families. They provide much-needed peace of mind during difficult times by taking over the claims process. Policyholders can focus on recovery and rebuilding, confident that their claim is in expert hands.

Detailed Documentation and Evidence Presentation

The success of an insurance claim largely depends on the quality of documentation and evidence presented. Public adjusters excel in this area, employing their expertise to compile comprehensive proof of damages. Their attention to detail and thorough documentation strengthen the policyholder’s case, enhancing the likelihood of a favorable outcome.Maximizing Insurance Claim Settlements-Dependable Resolutions

Advocacy for Policyholders

At the heart of a public adjuster’s role is advocacy. They stand as champions for policyholders, ensuring fair treatment and equitable settlements from insurance companies. They aim to protect the policyholder’s interests throughout the claims process, from initial assessment to final settlement.

Dependable Resolutions: A Cut Above the Rest

Dependable Resolutions distinguishes itself in the realm of public adjusters with a combined 60 years of insurance claims expertise. Their team comprises professionals with extensive backgrounds in construction and insurance, providing a comprehensive understanding of what it takes to secure fair settlements. Their affiliation with The American Policyholder Association and F.A.P.I.A. underscores their commitment to protecting policyholders from fraudulent practices and overreaching insurance carriers. Remember that you are NOT “In Good Hands,” and your insurance carrier is not “Like a Good Neighbor.” Every insurance carrier lacks “Integrity,” as you have seen recently; they have no “Pillars of Strength” since they have no financial or ethical values.

The journey to fair compensation should not be navigated alone in the aftermath of property damage. The expertise, advocacy, and dedicated support of public adjusters can significantly affect the outcome of insurance claims. Dependable Resolutions represents what it means to have a true advocate in your corner, ensuring that policyholders are not just numbers but individuals deserving of fair treatment and just compensation. As the landscape of insurance claims continues to evolve, the role of public adjusters remains crucial in leveling the playing field between policyholders and insurance companies, ensuring that the scales of justice tilt in favor of those in need.

Q: What is the role of a public adjuster in an insurance claim settlement?

A: A public adjuster is a licensed professional who advocates for policyholders during the insurance claim process. They work on behalf of the policyholder to maximize their insurance claim settlement.

Q: When should I consider hiring a public adjuster for my insurance claim?

A: You should consider hiring a public adjuster when you feel overwhelmed by the intricacies of the insurance claim process or if you believe that the insurance company’s payout offer is inadequate. Public adjusters can provide invaluable expertise and support in maximizing your claim settlement.

Q: How can a public adjuster help maximize my insurance claim settlement?

A: A public adjuster can employ secret tactics and negotiation strategies to maximize your insurance claim settlement. They have extensive insurance industry knowledge and can support your claim with detailed documentation and evidence, ensuring that you receive the compensation you deserve.

Q: What are some of the tactics insurance claim adjusters employ to minimize payouts?

A: Insurance claim adjusters may attempt to minimize payouts by undervaluing property damage, questioning the validity of the claim, or offering a settlement lower than the actual cash value of the claim. They may also try to settle claims quickly before the full extent of the damage is known.

Q: Why do insurance companies often undervalue homeowners insurance claims?

A: Insurance companies often undervalue homeowners insurance claims to minimize their payout and protect their bottom line. By undervaluing a claim, they can reduce the compensation owed to the policyholder and mitigate their financial exposure.

Q: How can a public insurance adjuster support my claim against the tactics employed by insurance claim adjusters?

A: A public insurance adjuster can provide comprehensive support for your claim by countering the tactics employed by insurance claim adjusters. They utilize their insurance industry knowledge to negotiate with insurance companies, ensuring that you receive a fair and maximized insurance settlement.

Q: What are some key tips for policyholders to maximize their insurance claim settlement?

A: Policyholders can maximize their insurance claim settlement by documenting all property damage, obtaining repair estimates, understanding their insurance coverage, and considering using a public adjuster to support their claim. It’s also essential to know any policy limits and the replacement cost of damaged items.

Q: How can policyholders ensure they receive the maximum value of their insurance claim settlement?

A: Policyholders can ensure they receive the maximum value of their insurance claim settlement by thoroughly documenting the property damage, keeping receipts for all related expenses, and seeking professional guidance from a public adjuster or a law firm specializing in insurance claim settlements.

Q: What are some common tactics insurance claim adjusters employ to minimize homeowners insurance claims?

A: Insurance claim adjusters may employ tactics such as delaying the claims process, questioning the necessity of certain repairs, or offering a settlement lower than the actual cash value or replacement cost. They may also attempt to minimize the scope of coverage outlined in the policy.

Q: How can policyholders negotiate with insurance companies to maximize their insurance claim settlement?

A: Policyholders can negotiate with insurance companies by providing detailed documentation of the property damage, supporting their claim with evidence, and seeking expert representation from a public insurance adjuster or legal counsel specializing in insurance claim settlements. Negotiation can be essential in achieving a fair and maximized insurance settlement.

 

5 Steps To Help You Negotiate With Your Insurance Company For A Fair Settlement

5 Steps To Help You Negotiate With Your Insurance Company For A Fair Settlement

When disaster strikes, you want to know you’re cared for. Unfortunately, several horror stories exist about policyholders not getting the settlement amount owed for damage incurred on their homes.

An insurance dispute in Florida can be stressful and complicated. You may need someone else, like a public adjuster, to help you negotiate your settlement.

Regardless, it’s essential to cover as many bases as possible before hiring someone to negotiate your claim. To get a fair settlement, follow these steps to set yourself on the right foot.

1. Understanding your policy

Before filing an insurance claim, you need to make sure that you understand the ins and outs of your policy to negotiate a settlement effectively. Your policy will outline what benefits you’re entitled to and what exclusions or limitations may apply.

Understanding your policy will also help you avoid surprises or misunderstandings during the claims process. Suppose you’re unsure about any aspect of your policy. In that case, it’s a good idea to seek the help of an insurance adjuster or a law firm to clarify any questions or concerns you may have and to negotiate a fair personal injury settlement.

You’ll also want to be thoroughly aware of any exclusions or limitations affecting your claim. For example, did you know that homeowner’s insurance doesn’t cover damage to your home caused by acts of war? Consider consulting a personal injury attorney if the damage results from a car accident.

Although it’s unlikely that acts of war will affect your Florida home, you might want to be aware of these kinds of exclusions before you attempt negotiations with your insurance company. Understanding these exclusions is crucial for a personal injury lawyer advising clients on property damage claims.

You will also want to calculate the value of your damages to determine the maximum amount you may be entitled to receive. You’ll need to review your insurance policy and consider the following factors to negotiate with an insurance company for fair compensation:

  • The type of coverage you have: Your policy will outline what types of damages are covered and what exclusions or limitations may apply.
  • The amount of your deductible: Your deductible is the amount you’ll need to pay out of pocket before your insurance coverage kicks in; calculating this accurately is critical for determining the fair value of your claim. This calculation can impact the settlement with an insurance company, especially in disputes involving lost wages and personal injury.
  • The value of your damages: crucial for negotiating a settlement with the insurance company. You’ll need to calculate the cost of repairing or replacing damaged property, including labor and materials. 
  • The limits of your coverage: Your policy will specify the maximum amount your insurance company is willing to pay for damages.

If you can, get a couple of different estimates on your damage to ensure you get a fair and accurate assessment of the value of your claim. A public adjuster can also help you in this area since they are up to date on the current prices of damage and repairs. This is crucial for ensuring you receive a reasonable settlement that covers all lost wages and damages.

Related: Hurricane Ian Update: Relief and Rebuild

Property Damage Claim Documentation

2. Gathering supporting documentation 

When it comes to gathering supporting documentation, there is no such thing as not enough. Before-and-after photos can save you a lot of time and grief. Some of the additional documentation you should include will be receipts, photos, repair estimates, and any other costs relating to your damage.

For example, if you cannot use your home due to the damage and need to pay for a hotel, the hotel receipts should be included in your documentation.

Here’s an easy checklist you can follow for documentation purposes:

  1. Take photos and videos: Use your smartphone or camera to take clear, detailed photos and videos of the damages from multiple angles. Be sure to capture any visible damage and any underlying issues that may not be immediately apparent. 
  2. Gather receipts and estimates: If you’ve already made any temporary repairs or obtained estimates for permanent repairs, gather these documents to support your claim. 
  3. Keep records of all communication: Record all communication with your insurance company, including phone calls, emails, and in-person meetings. This will help you track the progress of your claim and provide evidence if any disputes or disagreements arise. 
  4. Be thorough and accurate: When documenting damage, it’s essential to be comprehensive and accurate. Make sure you include all relevant details and provide as much information as possible to support your claim

Documentation with your insurance company, especially regarding communication (who you spoke to, when, and what they promised you) can help keep them on track for getting what you’re owed.

Unfortunately, many insurance companies, especially in Florida, are still trying to lowball their policyholders. Due to the influx of claims this hurricane season, they are trying to cut corners where they can. Therefore, documentation is vital to getting what you’re owed.

Related: ​​Independent Adjuster vs Public Adjuster: Who to Hire and Why

3. Filing your claim 

When filing your claim, follow their instructions as thoroughly as possible.

There is a possibility that your claim will be thrown out if you don’t follow their instructions correctly. Your insurance company will likely have specific requirements and deadlines you need to follow.

The last thing you want is to have your claim thrown out because you waited too long to file. When in doubt, file your claim immediately after the damage.

Assuming you’ve thoroughly researched your policy and damages, you should know what you will be entitled to. Try to keep your expectations within a range rather than a specific number to give allowances for discrepancies. Again, a public adjuster can tell you whether your estimated settlement range is fair.

Filing Your Property Damage Claim In Riverview

4. Negotiating with your insurance company 

If you feel that your losses are within a sufficient margin to justify what your insurance company is offering, then it may be time for negotiations.

Most people prefer to do their negotiations themselves, especially if they’ve done their homework beforehand. If you can overwhelm your insurance holder with organized information, up-to-date research, and a thorough assessment of your damages, then progress can be made in negotiations.

Be patient but assertive in your negotiations. It’s essential to keep a calm and professional tone when in the negotiation process. The data you’ve collected should do most of the work for you.

Remember that many emotions are running high right now regarding Florida insurance claims. Every insurance office is flooded with claims from Hurricane Ian.

However, if you find that the process is taking longer than promised, not all the data is being considered, or they are unwilling to meet you halfway in your settlement, it may be time to bring in someone else for negotiations.

5 Steps To Help You Negotiate With Your Insurance Company For A Fair Settlement | Fair Claim Settlement Riverview Fl

5. Handling disputes and appeals 

If you believe you’ve been given an unfair settlement offer, you can try to negotiate directly to reach a fair settlement. However, you will likely need to take more drastic action.

If you cannot reach an agreement with your insurance company through direct negotiation, you may be able to seek the help of a mediator or arbitrator to resolve the dispute. These options can be less formal and less expensive than going to court, and they may be able to help you resolve more quickly.

You may need to appeal the decision if your dispute can’t be resolved through negotiation or mediation. If you decide to appeal a denied claim, it’s important to understand the appeals process and follow the proper procedures. This may involve submitting additional documentation or presenting your case to a panel of arbitrators or judges.

When this doesn’t work, you’ll want to immediately hire a reliable public adjuster. These professionals are skilled at negotiating with insurance companies and know the language that will help you get what you’re owed to cover your damages.

The best thing you can do is understand the insurance claims process as thoroughly as possible. Don’t just take the first offer; ask them to explain how it’s a fair settlement for your incurred damages. 

If you need professional advice about your claim, contact us at dependableresolutions@gmail.com.

9 Water Damage Insurance Claims Tips To Help You Get Covered

9 Water Damage Insurance Claims Tips To Help You Get Covered

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In the event of water damage to your home or property, are you prepared? How can you make sure your water damage claim will be covered by insurance?

Water damage to homes is especially prevalent for Florida homeowners. In fact, the frequency and intensity of water damage, especially caused by broken or leaky pipes, has increased by 46% percent since 2010.

In this day and age, many Florida insurance policies can deny a claim if there is a presence of mold or if a leak has been present for more than 14 days. Staying on top of water damage insurance claim knowledge could save you a painful conversation with your insurance company if one of these things happens to you.

First, be sure you know what is typically covered by insurance policies for water damage:

  • Plumbing or appliance malfunction
  • Burst pipes
  • Leaky roofs

Now, here are some types of water damage not typically covered by insurance:

  • Groundwater leaking into basements
  • Flood damage
  • Damage from long-term leaks or sewage issues
  • Mold, rot, or fungus
  • Sewage or pipe backup

We know navigating water damage loss can be stressful and overwhelming. To help you out, here are the top nine water damage insurance claim tips you should remember.

Water Damage Restoration Riverview Fl

Preventative measures:

1. Document your home and belongings

If you know you live in an area prone to water damage, you should make sure to document your home and belongings well. Keep photos and videos in a storage cloud where they can easily be retrieved in the event of an emergency.

Keeping an inventory and photos of your home and belongings could really help you in the case of an emergency. You’ll be able to easily provide evidence of the full scope of your losses to the insurance adjusters.

Even if you don’t live in an area prone to water damage, this type of index is generally a good idea. It’s helpful based on what we’ve seen, especially with Florida residents and the yearly threat of hurricane and storm damage.

2. Check the kinds of damage you are covered for

There are some kinds of water damage that are not covered by insurance. Make sure you know what’s on your policy and what you are covered for.

For example, flood insurance is not covered by homeowners insurance. If flooding is something you are concerned about, make sure you’ve added that type of insurance separately.

Flood insurance can only be handled through the National Flood Insurance Program. You can learn more about flood insurance on the FEMA website here.

You don’t want to be caught in a situation where you think you are covered by your insurance policy, only to realize you are completely responsible for your losses in the case of a disaster. Take the time now to become acquainted with the details of your policy.

3. Make sure your home is safe

Take the opportunity now to make sure your home is safe and protected from any type of predictable natural disaster that could happen in your area.

Make sure inspections are up-to-date and regular maintenance is done on possible sources of water damage. Any preventative measures you can take to make sure your pipes don’t burst will save you a lot of headaches in the long run.

Mold Damage Claims Riverview Fl

In the event of damage:

4. File a claim right away

In the event of water damage to your home or property, don’t wait to file an insurance claim. File a claim quickly, so the insurance adjuster can take a look at the damage as quickly as possible.

Water damage can displace you from the regular routine of your home. If you have to turn off water or power, evacuate the home, or replace essentials, you won’t be able to live in your home as normal until the damage has been fixed. File a claim quickly so you can avoid extended stays in hotels or with family.

This is especially important in the event of a storm or hurricane, where insurance adjusters may be busy with several claims. Since they usually operate on a first-come, first-served basis, get in line as early as possible for this process.

Related: What Florida Residents Should Know About The Insurance Appraisal Process

5. Document all damage

Take pictures and videos of the damage as early as possible, even before clean-up has started. Get pictures and videos of standing water before you drain it, and make sure you’ve done the same for furniture and belongings as well.

This is why it’s helpful to have a documented index of what your home and property were like before any damage occurred. Although it isn’t always necessary, it certainly helps, especially if you and your insurance company aren’t coming to an agreement on the estimated cost of losses.

For valuables, you can add when they were purchased, how much they cost, and the current value of the items. This can help streamline the insurance claim process.

Flood Damage Claims Riverview Fl

6. Drain any standing water

Then, of course, clean up whatever you can to prevent further water damage. Drain any standing water as quickly as possible after it’s been thoroughly documented.

Hopefully, this will stop the spread of water damage to your floors, foundation, or other parts of your home.

7. Dry areas affected by water damage

Dry out the areas affected by water damage as best you can. This can be especially difficult for carpeted and water-logged areas, but can help prevent mold growth when done correctly.

If you do end up getting some type of mold growth due to water damage, it usually results in having to file another insurance claim. Be sure to be as thorough as possible while drying your home and possessions to avoid this.

Here are some helpful ways to dry water damaged areas:

  • Open windows and doors: if the humidity allows, get air moving through the house as quickly as possible and leave open for a long time.
  • High powered fans: You can usually buy or rent industrial fans to help speed up the drying process:
  • Sump pump: If you have several inches of standing water, this may be a good option for you since it will pump water out through a long hose.
  • Wet/dry shop vacuum: An industrial shop vac built for water usage can help save rugs and carpets from permanent damage.

Check out some more resources here to help thoroughly dry your home and belongings.

8. Negotiate if needed

You can actually negotiate with your insurance company if you are unsatisfied with your claim outcome. For smaller claims, this may not be much of an issue. For larger claims, it may be worth getting on the phone to see if you can get a more fair settlement for your losses.

If your insurance company still won’t budge, you do have another option-

Plumbing Damage Claims Riverview Fl

If you’re unsatisfied with your claim:

9. Hire a public adjuster

If needed, you can hire a public adjuster to help you get a better settlement.

A public adjuster is an independent, licensed professional specialized in getting fair insurance settlements for policyholders. They will handle the claim dispute for you, and are well-versed in effectively negotiating with insurance companies.

In the case of a water damage claim, make sure you hire a public adjuster that thoroughly understands the type of damage to your home. This can help out your claim immensely if it is handled by an expert on the subject.

Typically, hiring a public adjuster is reserved for larger claims. For smaller claims, the disputed amount may be equal to or less than the adjuster’s fee, so it might not be worth the trouble. For larger claims though, it could save you thousands of dollars.

Related: What Is A Public Adjuster? What Every Homeowner Should Know

So, to recap, here are the main tips you should remember around water damage insurance claims:

  • Take preventative measures if you can: make sure your house and plumbing are properly maintained.
  • Document home and belongings beforehand: if you can, keep an index of photos, videos, and specifications of your home and belongings.
  • File a claim right away: in the event of damage, file an insurance claim right away to get the ball rolling and limit time in recovery.
  • Document all damage thoroughly: take thorough pictures and videos of water damage
  • Dry everything to prevent further damage: and hopefully avoid another insurance claim or time spent living outside your home

With a little research, preventative measures, and the right professionals, you should be able to move through the insurance claim process with relatively few hiccups. Try to prepare for or prevent water damage if you can. If you haven’t been able to prepare in the event of an emergency, make sure the right professionals are on your side.

Do you have any questions about water damage claims, flood claims, or burst pipes in your home? Shoot us an email at dependableresolutions@gmail.com for professional advice.

Florida residents especially should be sure to like us on Facebook to be informed about all your insurance and public adjuster questions.

The Top 7 Public Adjuster Myths Busted

The Top 7 Public Adjuster Myths Busted

Have you had an insurance claim not go your way?

Maybe you are facing the grim reality that your insurance company is not giving you enough to cover the full cost of damages. Many people feel at a loss for what to do in this situation.

Perhaps you have considered hiring someone to be an advocate for your case. After doing a little research, perhaps you’ve heard some unsettling rumors about public adjusters as a whole.

This is pretty normal, lots of insurance professionals will have negative biases around them, especially when insurance money is at stake. We’re here to help you sort through these rumors.

If you can overcome the nay saying about public adjusters, it can completely change the course of your insurance claim. The price of not doing so could mean thousands of dollars you have to pay out of pocket, so let’s tackle these myths about public adjusters.

1. Hiring a public adjuster will raise your premium

Your insurance company probably won’t like it if you hire a public adjuster. When public adjusters are involved, they usually end up having to pay more, so it makes sense that they wouldn’t be thrilled.

However, insurance companies are legally restrained from raising your premiums just because you’ve chosen to hire a public adjuster. Most often, premiums are raised because they have gone up for the entire region. This is common after a natural disaster has occurred, such as a hurricane, tornado, or flood. In Florida especially, homeowners insurance premiums usually go up every year. 

If you choose to file a claim, one claim will likely not raise your premium. If you have multiple claims filed in a certain time though, this could result in a raised premium though.

Riverview Public Adjusters Near Me

2. Public adjusters take a huge part of your insurance payment

A public adjuster should present you with a contract outlining their services and fees. Most of the time, they can only take a percentage of the insurance settlement, so you shouldn’t be blindsided by how much they charge for their services.

In most cases, including ones of catastrophic disasters, public adjusters are capped for what they can collect at about 10%.

We would caution you against hiring a public adjuster that charges a fee upfront for their services, or ones that work on an hourly or retainer basis. When a public adjuster only collects a percentage of your insurance settlement, then you know they only benefit when you do. They will be more motivated to win your case.

If 10% still seems too high, then consider all the work that a public adjuster will be doing for your case. They will likely be filing all the claims paperwork, writing up a damage report, as well as meeting and negotiating with the insurance company. It ends up being a large amount of work to make the process easy for you as the homeowner.

READ: What Florida Residents Should Know About The Insurance Appraisal Process

3. Public adjusters don’t have your best interest in mind

Public adjusters are in business to advocate for policyholders. If you’re hiring a quality public adjuster, they will be motivated to advocate on your behalf because it helps their business thrive.

Public adjusters will have passed a background check and have been fingerprinted in order to advise and represent you. Any criminal charges they get will lead them to be barred from adjusting or banned from getting a license.

This being said, sometimes scammers posing as public adjusters will take advantage of an area that’s experienced a natural disaster. For this reason, check the reviews and reputation of the public adjuster you are considering.

A decent public adjuster will have your best interest in mind, and only benefits when you do.

Riverview Loss Adjusters

4. Your insurance will drop you if you use a public adjuster

Insurance companies are at liberty to drop a policyholder at any time regardless of the reason, except for in the middle of a policy period. They are not at liberty to drop you because you’ve hired an advocate for yourself.

If an insurance company drops someone, it’s likely due to neglecting payments or underlying issues that have been in the works before a claim was made.

Although it’s not strictly impossible to be dropped, if you have a legitimate claim there shouldn’t be any worry about your insurance company dropping you. In Florida, the government has a state-run insurance company that can help you out if something does happen with your insurance company. They help people get competitive rates for those who are unable to get insurance.

5. Public adjusters commit insurance fraud

A public adjuster’s job is to build a case for the policyholder based on state statutes. The negotiation process between a public adjuster and an insurance carrier is much like that of a court trial.

The only thing both the insurance company and public adjuster have to work with is the law, the previously outlined policy, and the actual cost of repairs. It’s hard to deceive either party out of a great sum of money with these parameters.

Some of the pushback around public adjusters is from insurance companies themselves because they know they will likely end up paying more for a claim settlement. The public adjuster is skilled at pointing out things that they may have overlooked in their own assessment, which bodes well for the homeowner.

Working with a public adjuster is not insurance fraud, insurance companies just don’t like it.

Furthermore, if a public adjuster is found associated with insurance fraud, they lose their license and are unable to get it back ever. Most would not risk their career and reputation for insurance fraud.

Riverview Storm Damage Claims

6. Public adjusters are untrustworthy

Once again, a reputable public adjuster will have your best interest at heart. Their business will only benefit if you do.

If you still have doubts, ask for referrals, references, or testimonials from a public adjuster you are considering. Their reputation should be able to speak for them if they have been able to get results for other people who have been in similar situations as you.

It’s understandable if you have hesitations about hiring a public adjuster. However, consider how much you could stand to benefit if hiring a public adjuster goes well for you. Hiring a quality public adjuster could mean additional thousands of dollars to cover the costs of your damages.

Most importantly, do thorough research on the adjuster you are considering hiring. Thorough research should weed out any untrustworthy professionals, as well as help you feel confident that you will benefit from hiring a public adjuster.

7. Your insurance adjuster can do the same thing as a public adjuster

Although an insurance adjuster and a public adjuster both come out to your property, inspect the damage, and come up with an estimated cost of repairs, there is a stark difference between the two.

Your insurance adjuster works for your insurance company. Meaning, they benefit the most when the insurance company does. They may be more likely to overlook the extent of the damage that has been incurred.

A public adjuster, hired by the policyholder, will want to get the fairest settlement for the homeowner. Unfortunately, their job is necessary because many insurance companies will want to give a smaller settlement to their policyholders than what they are entitled to.

So, though they are similar professionals, hiring a public adjuster will likely result in you getting a higher coverage for the damage you’ve sustained.

Related: Independent Adjuster vs Public Adjuster: Who to Hire and Why

All in all, overcoming any of the doubts you have about hiring a public adjuster could make a huge difference in the outcome of your insurance claim.

Many people who hire a public adjuster appreciate having a guide and advocate that can handle all the details they don’t understand for themselves. Their negotiation skills and knowledge of the industry help the process go smoothly.

If you have any questions or want professional advice, make sure you reach out to us at dependableresolutions@gmail.com

Be sure you like us on Facebook too to stay informed about all things insurance and public adjusting.

Independent Adjuster vs Public Adjuster: Who to Hire and Why

Independent Adjuster vs Public Adjuster: Who to Hire and Why

Listen, we know life gets in the way, and you often don’t think about what to do during a disaster until it happens.

When you’re facing a natural disaster and/or damage to your home and property, you want to trust that you’ve surrounded yourself with people who can help you and have your best interest at heart. That’s what insurance is for, right?

Remember that insurance companies are businesses first. Although it’s definitely possible to have a great collaboration with your insurance company, sometimes you may need more of an advocate on your side. Not having a clear scope on the professionals available to you may be a big mistake.

So when you file an insurance claim, make sure you know the players that are available to you for this process, and who your insurance company will be hiring as their main players as well.

Here’s what you need to know about independent adjusters and public adjusters.

Typing In An Insurance Claim

What is an independent adjuster?

When you file an insurance claim on your home or property, someone from the insurance company will come out to meet you. They will assess the damage and come up with an estimated cost of repairs for the damage you’ve incurred.

Except, this professional is hired by your insurance company, not by you. Since they get paid by the insurance company, they will benefit the most when the insurance company benefits.

To be clear though, independent adjusters are not technically employed by the insurance company. Usually, they are hired and managed by an independent adjusting firm. This allows an insurance company to use multiple adjusters if there is an influx in claims, which is usually the case after a natural disaster.

These adjusters are considered “independent” because they are 1099 contractors. They are sometimes paid at a daily rate, but more often, they are paid a percentage based on the settlement amount.

The clear distinction policyholders should understand is that the independent adjuster is in partnership with the insurer first. Although there are many times when the independent adjuster, policyholder, and insurance company all come to an agreement on the settlement amount, just understand that their priorities might not always lie with pleasing the homeowner.

Who benefits from hiring an independent adjuster?

Since the insurance company is the one to hire the independent adjuster, they usually stand to benefit the most from this relationship.

That is not to say there isn’t any accountability in this partnership, though. That’s part of the reason why insurance adjusters are hired through a firm, rather than just being employed by the insurance company. It creates some distance between them and the insurance company.

If you find yourself in a position where you feel that you need a stronger advocate that can be a better voice for your case, you do have options though.

READ: What Florida Residents Should Know About The Insurance Appraisal Process

Talking With A Public Adjuster

What is a public adjuster?

A public adjuster is an impartial professional who acts on behalf of the policyholder. If a homeowner feels they are not being given a fair assessment and settlement by the insurance company, a public adjuster can help them.

The negotiation skills of a public adjuster are one of the main benefits of hiring one. Their knowledge, expertise, and experience in the industry mean they are better equipped to talk directly with the insurance company on behalf of the homeowner. The relationship between a public adjuster and a homeowner is similar to hiring an attorney.

Public adjusters can either work independently in their own firm or be a part of a larger public adjusting firm. Similar to independent adjusters, public adjusters will usually take payment as a percentage of the insurance claim. 10% is a standard amount.

Getting results from a public adjuster will only be as good as the adjuster that is hired. Unfortunately, sometimes there are people who will pose as public adjusters as a scam. To avoid this, make the adjuster you are considering is licensed, vetted, and has passed a background check.

It’s a smart rule of thumb to hire a public adjuster who doesn’t take payment until they win your case. These types of adjusters have the incentive to work hard for your case and truly have your best interest in mind. They won’t drag out your case for the sake of making more money.

Public adjusters are also regulated by the state for how much they can charge for each claim, so make sure you have that in mind when you hire one as well.

Insurance Property Claims

Who benefits from hiring a public adjuster?

The policyholder is the person who benefits from hiring a public adjuster. For this reason though, some insurance companies will refuse to negotiate with public adjusters. They usually end up having to pay a lot more as an insurance company when a policyholder brings in a public adjuster to negotiate with them.

If you are able to hire a public adjuster, though, it could mean the difference between covering the costs of your damages and not.

So if you’re still wondering who to hire, your only clear option as a homeowner will be to hire a public adjuster. The insurance company is the only party able to hire an independent adjuster.

With any luck, you will get a fair settlement from the independent adjuster and your insurance provider. Still, it’s important to be aware of your options if you feel you are not being treated fairly in your claim.

There is a lot more to know about hiring a public adjuster (including when you might be better off forgoing hiring one) so make sure you read about that here:

Related: What Is A Public Adjuster? What Every Homeowner Should Know

As with any insurance situation, it’s important to understand who benefits from each decision that is made and when you need an advocate. Getting a second opinion on your claim never hurts if you’re worried about covering the cost of the damages.

Independent adjusters and public adjusters are often pitted against one another in a claims process. While this might not always be the case, it’s important to understand that this happens because policyholders have been taken advantage of before.

At the end of the day, make sure you feel equipped and educated to get the fairest settlement possible for you, even if that means you hire someone as an advocate for you.

If you’re in need of professional advice or have questions about our public adjuster services, don’t hesitate to email us at dependableresolutions@gmail.com

Make sure you follow us on Facebook too, to stay up to date the entire storm season.