What is a licensed public insurance adjuster for?
A public insurance adjuster is a licensed authority on claim losses who you may employ to assist you in preparing, filing and compiling your insurance claims. He is also an insurance expert in the court system.
Do they work with insurance companies?
No. They are employed by you the policyholder not by an insurance company. They represent you to the insurance company.
Can you tell me how a public insurance adjuster might help me?
A public adjuster has years of expertise in knowing recent contract law and recent legal rulings as to how specific policy provisions have been interpreted by the courts and is fully aware of all your provisions and how they impact whether you get paid additional monies as a result of these provisions. You may take advantage of his or her expert assistance to return to your home and work life and let the public adjuster handle these time consuming un-ending headaches of providing everything and everyone needed for a successful outcome of your fire/water damage claim. A public insurance adjuster eliminates the incredibly time-consuming and difficult matters involved in preparing and fully investigating a claim, and provides you with larger and greater insurance settlement.
Is it possible for me to handle my claim, myself?
Yes, but a licensed public insurance adjuster who has the training and experience and years of handling difficult claims, can and do so get significantly better results than any policyholder. Did you know that your insurance company requires you to purchase all of your items and complete all repairs and complete construction before they will release your money? Did you know that in almost all cases, the insurance company wont send you any money, but will hold it in order to pay the restoration services/water damage and fire damage cleanup (companies on their preferred list) and the construction company they send to tear out and haul out all debris. Did you know that in 9 out of 10 claims homeowners don't have enough money to finish construction of their home, or to replace all of their lost contents?
More specifically, a public insurance adjuster will assist in the preparation of all lost content inventories, prepare accurate and complete tear out and eventual rebuild estimates and other factual proofs of loss statements and construction estimates required by the insurance company. He or she will handle all the necessary details for compiling and filing claims, as required by contract law and by the terms of your insurance policies provisions. Your public insurance adjuster will also confer on your behalf, with the insurance company representatives and handle all matters essential to a proper and satisfactory adjustment and full payment of your claim.
Do I need help when filing an insurance claim?
The homeowners policy has many, many provisions and stipulations, various forms, riders, and a numerous complicated set of details regarding your requirements in case of loss. Most people cannot grasp or understand these policy provisions. Insureds never understand that the burden of proofing their damages is on them, the policyholder, that is why they are so often underpaid on their claim. All insurance adjusters would rather work with an experienced public insurance adjuster rather than an inexperienced insured who has difficulty communicating with the adjuster on difficult to understand terms, and who often becomes frustrated with the adjuster.
Why should I retain a public adjuster if I am owed the money?
Insurance companies pay what they want, as they see it. Public insurance adjusters are representatives, working for you and are insurance experts. Their knowledge allows them to command a significantly larger settlement for you.
How do they determine the amount of the loss?
Take a physical inventory, determine the layers of damage, obtain all pertinent appraisals, determine actual and real costs of replacement and construction costs, and make sure all provisions in your policy are properly fulfilled. This involves many rigorous steps of which claimants know little or nothing at all, but make a significant conclusion in the amount of the final settlement dollar amount.
How much do they charge for their services?
Your public insurance adjuster's charge is a small percentage of the insurance company's settlement with you. Through a successful settlement, your public insurance adjuster's fees are covered at the very least and more specifically will provide you with many thousands, or even tens of thousands of dollars on your claim that you would have not seen representing yourself. The rule of thumb here is: If the public adjuster doesn't increase your claim significantly then he doesn't get paid. That is why they do! The public adjuster has to increase your claim by at least 10% or he doesn't get paid anything, that way his fee is always covered by his increase and not your money. And, you'll never get charged a penny by your public adjuster directly out of your pocket, he gets paid only through the increase of the insurance proceeds. So, get alot more money on your claim (don't leave that money behind that is yours) and have an insurance expert manufacture your claim!
What other claims do they handle?
Public adjusters cover claims of pipe breaks, hail, windstorm, fire, explosion and any other losses that are sustained. They can also assist in other income loss related expenses like rental income, business income, building improvements, reporting forms, additional living expense (ALE).
What should I do in the event of a loss?
Promptly report the loss to your agent and directly to the claims department of the insurance company and immediately retain a public insurance adjuster to manufacture your claim.
Call Mark McFadden, LPA
720-448-0668 or Email Mark
Or type in your browser:mrkmcfddn@hotmail.com
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