One of the first steps to making sure an insurance claim is resolved as soon as possible starts before you even file the insurance claim. Reviewing and understanding the language in your policy is critical to acting as a good self-advocate against the insurance company and it can speed up the claims process as well. [...]
Many insurance companies allow one full calendar year to complete a restoration project. While that was previously enough time to finish said projects, due to the COVID-19 pandemic and other issues with the global supply chain, insurance extensions are a lot more common now than they ever have been in recent history. So what do [...]
In the insurance industry, Co-insurance is a provision that states an insurance company must pay a percentage of the value of your dwelling. The percentage the insurance company generally covers is 80% and the policyholder covers 20%. It is very important to review your insurance policy and ask your insurance company for details [...]
Sometimes, Public Adjusters are contacted by a person who has already started their claims process. Although this is common, it is not exactly ideal. Many policyholders don’t have experience filing an actual insurance claim, therefore they may do or say something that allows the insurance company to place the blame on them or deny [...]
Vandalism to rental properties can be a pretty common occurrence as a property manager. Oftentimes, tenants that you assumed would take good care of a house or apartment end up causing significant damage and leaving you to clean up the mess. The first thing that you should do if serious vandalism is found is [...]
Owning a business can be one of the most challenging yet rewarding ventures of someone’s career. Running a business or property can be extremely time-consuming. The last thing you want to do is read over insurance policy language and update any necessary changes, but that could be the thing that saves you time, money, [...]
Why you may want to seek assistance from a public adjuster Before going to details, let’s beat around the bush a little. That way, you may find out about the dangers waiting for you beforehand. Well, there are three kinds of public adjuster available. They are: Company adjuster Independent adjuster Public adjuster A company adjuster [...]
California forbids insurance carriers from leaving fire-prone communities for 1 more year The state insurance commissioner on Thursday (November 5) issued an order forbidding insurance companies from canceling or declining to renew property insurance policies for one year in communities hit by wildfires. The move is expected to affect 2.1 million policy holders, nearly a [...]
The majority of insurers will Low-Ball Your Damage Claim There is a perception that most insurers try to outwit and outsmart their clients during the damage claim process. At the time of settlement from serious property damage claims like fire, a broken water pipe, or heavy storms, carries will attempt to pay out as little [...]
There are only 3 parties who can negotiate insurance claims on behalf of the policyholder in any particular instance, and those are attorneys, the policyholders themselves, and a licensed public adjuster. There’s a possibility that an insurance company may consult an independent adjuster or contractor but that consultation won’t be legally binding, although it may [...]
