Why is My Insurance Carrier Claiming Non-Recoverable Depreciation?
Every item depreciates (loses value) over time and through normal wear and tear. Non- recoverable depreciation by the insurer means the item is ineligible for reimbursement. Essentially, it’s a determination by the insurance company that the item has depreciated past any significant value. In an actual cash value (ACV) policy, the insurer only pays for […]
What is the Difference Between a Public Adjuster and an Insurance Adjuster?
There’s a major misconception among holders of a homeowner’s insurance policy. They believe their insurer is working for them. The fact is that the insurance company is working for itself to minimize reimbursements to clients, thereby maximizing its profits. The difference between a public adjuster and an insurance adjuster is for whom they work. Insurance […]
Best Questions to Ask a Public Adjuster
Anyone disputing an underpaid or denied claim connected to their homeowner’s insurance are already stressed and frustrated. Hiring a public adjuster is an effective way of fighting those decisions. There are some basic questions that everyone should ask before hiring a public adjuster to help ensure they receive the best outcome. No one should be […]
Claim Denied? Hire a Public Adjuster
Homeowners pay their monthly premiums for their homeowner’s insurance to protect their home and property, hoping they’ll never need to file a claim. It’s normal to feel a variety of emotions after experiencing a fire, burst pipe or weather-related damage. Unfortunately, many homeowners are further traumatized when their insurance claim for the damage is denied. […]
Do Public Adjusters Help to Resolve Claims Faster?
The claims process for home damages can be a lengthy and frustrating endeavor, depending on the insurer. A public adjuster can help facilitate the process and, in many instances, even obtain a larger reimbursement for damages. Public adjusters are often successful in closing claims to the homeowner’s satisfaction in as little as 30 to 90 […]
Do Public Adjusters Use Their Own Contractors
A public adjuster is hired by a homeowner, not the insurance company, and they work entirely for the homeowner. Their mission is to obtain additional funds from the client’s homeowner’s insurance when the repair costs exceed the amount paid by the insurer. A public adjuster may hold a contractor’s license, but they do not perform […]
When do You Have to Pay the Public Adjuster’s Fee?
There are a variety of ways that public adjusters structure their fees. Before hiring a public adjuster, it’s important for individuals to fully understand when the professional expects to be paid. Depending on the adjuster, that can include: When a public adjuster negotiated deal is accepted by the client Contingency fee – no payment received […]
Top Tips for Making the Claims Process Easier
No one wants to make an insurance claim, but when disaster strikes it’s a necessity. It’s important for homeowners to know that there are things they can do to facilitate the claims process and get reimbursed quicker. Understand the Policy Insurance policies aren’t as straightforward as people may think. There are covered risks and a […]
Can You Get a Larger Settlement if You Hire a Public Adjuster?
The simple answer is yes, but much will depend on the terms of your policy and any exclusions. However, the insurance industry does track data about public adjusters and their role in settlements. Statistics show that settlements can be as much as 3 to 5 times larger when you hire a public adjuster. Individuals that […]
Steps to Get a Claim Processed Quickly
Information fuels insurance companies and facilitates a quick resolution. Individuals want their home disaster resolved quickly so they can get back to their normal lives. A home disaster is traumatic enough without the added stress of a protracted insurance claim. In today’s world, it’s important for individuals to collect as much information as possible on […]