Hurricane Michael Insurance Claim: Will Your Insurer’s Repair Estimates Cover Your Losses?

Whenever policyholders negotiate their Hurricane Michael insurance claim with their respective insurer, the most common outcomes are either their claim will be denied, or the insurance company will offer an amount that is not enough to cover their total losses and damages. While it may seem like the insurance companies are trying to rip you off, those outcomes are common when a geographic area suffers from widespread damage, and are even truer with complex commercial claims to hotels and businesses where processes to replace or repair damage can become quite complicated. Some of the reasons why this happens are inside claim adjusters who have never bothered to check the claim personally yet proceeds to deny certain parts of it, out-of-state adjusters who are not accustomed to local market, and overworked adjusters who overlooked certain damages and forgot to document everything.

When there’s an increase in demand for building materials, construction workers, and roofers, the associated costs also increase. A supply and demand effect such as this will definitely have an impact on those who suffered from damages for quite some time.

For property owners, an equally important cost-related issue is the vast difference between the prices quoted from local contractors and the claim adjuster’s computer-driven estimating system, in which the former’s total costs are much higher than what the latter says. Policyholders must be aware of this. It’s important to remember to never accept a low offer from their insurer or hire the services of an inferior contractor. Also, always make sure that fair market pricing is what’s used to price your insurance claim, not the computer estimating programs that are not in sync with actual marketing pricing.

There are some insurance companies today that have managed their own repair work or opted to use vendor programs where they can negotiate discounts for all repair jobs. While both strategies are good for the insurance company and the contractor, it’s not in the best interest of the policyholder. There should be no shortcuts in your insurance contract and everything must be done by the insurance company to ensure that you are made whole and that your property is restored back to its normal condition. If you want what’s best for you, get independent quotes and ensure that you’re comfortable with the quality of the materials and workmanship.

Additionally, we disapprove it when policyholders sign their claim monies over to a certain contractor with an assignment of benefit clause in their contract. To guarantee a smooth-sailing experience with your insurance claim and recovery, ensure that both the insurance company’s adjuster and your contractor are in complete agreement with every reconstruction plan and have all costs and agreements in writing. A “claim file” should be set-up with all of the important building damage estimates, correspondence letters, personal property losses, business property damage, and emails fully documented. Doing this ensures that your insurance claim will be managed efficiently. It will also be most helpful when the catastrophe adjuster goes back home and a new adjust gets assigned to you, a phenomenon which commonly occurs in widespread damage areas.

Whether you do not know the limits to what you should be entitled to or you do not understand a single aspect of your insurance policy, you can always go against the claim offer by hiring a public adjuster. There are many licensed public adjusters out there who offer free claim reviews, including the ones at our company.

For all of your questions related to your Hurricane Michael insurance claim, you can always talk to our insurance claim experts.

Hurricane Michael – Your Insurance Claim and why you Need a Public Adjuster

Hurricane Michael was one of the most intense Atlantic hurricanes to ever make landfall in the United States of America, wreaking havoc on some states including Florida, Georgia, and North Carolina. From its formation on October 7, 2018 up to its dissipation on October 16 of the same year, Hurricane Michael had caused over $8.1 billion dollars in damages and claimed a total of 54 lives, putting many families in a difficult situation.

Are you one of the unfortunate victims of Hurricane Michael? Fortunately for you, if your property is insured, then there’s a chance that you will be rightfully compensated for the damages that your property experienced, whether it’s residential or commercial.

Most insurance companies, however, will make it very difficult for you to get your insurance claim. They either deny it, give you a lowball offer, or delay the entire claiming process. As a policyholder who is recovering from the effects of a traumatic natural disaster, you don’t deserve to be treated like that by the insurance companies. That’s why you should get a public adjuster – to help you get the most out of your insurance claim, minus the stress that usually goes with it.

Insurance companies are notorious for playing hardball when it comes to the claims of their policyholders, even in the wake of a well-known disaster like Hurricane Michael. By getting a public adjuster to help you early on with your claim, an insurance company will know that you mean business and think twice before applying their shady tactics to you, which usually include delaying settlements and denying payments.

Public adjusters are dedicated to serving the best interests of policyholders, not the insurance companies’, which is why hiring them to represent your claim is your best bet to getting a fair property insurance claim settlement. Of course, you can opt to manage your claim yourself, but don’t you think that it’s better to have an expert handle everything for you?

With the help of a public adjuster, you will be getting a lot of free time that you can use to put your life back together. Time is something that is always expended during an insurance claim, as the entire process involves numerous steps that require a lot of energy and effort to do. Apart from the convenience in terms of time, a public adjuster is an expert when it comes to polishing your documentation and making it free of errors, which insurance companies typically use to deny even the most valid of claims.

So, if you want to get the insurance settlement you rightfully deserve without having to go through the trouble of dealing with a hardhearted insurance company, then hire a public adjuster to smoothen out the entire process. The havoc that Hurricane Michael wreaked on your property is not fair, but your insurance settlement should be.

Hurricane Irma Claim Denied or Still Pending?

Two months have come and gone since Hurricane Irma graced the state of Florida with its presence. With the cost of damages climbing higher and higher as the numbers are being reported in, so are the number of claims being filed. If you were one of the unfortunate property owners affected by Hurricane Irma and have filed your claim, you may still be patiently waiting for your insurance company to get back to you. If they have gotten back to you and your claim was denied you might be wondering what to do next. Either way, you have options! Take an active role in the claims process by reaching out to a Public Adjuster to access your claim.

Call an Insurance Adjuster  

Public adjusters become your advocates fighting on your behalf to secure the settlement you deserve. Experienced public adjusters are well versed in the language of insurance policies and are able to utilize their knowledge of how insurance companies operate to maximize your return.

Denied Claims

If you filed a claim due to Hurricane Irma and it was denied, it isn’t the end. You may still be entitled to the amount you filed for. A public adjuster can look over your denied claim and help you appeal the denial to recover the money you are entitled to. Insurance companies are concerned with their own profit margins. It’s time you had someone on your side.

Pending Claims or Claims in Process

If your claim is not filed and still in the process or currently pending, having a professional look over your current claim can only aid you in your claim. Public adjusters are able to find mistakes or omissions that would have otherwise decreased the amount you would have gotten back. Hiring a public adjuster will make certain that your claim is a true portrayal  of the damages and losses incurred.

Insurance Claims For Hurricane Irma In The Florida Keys

Hurricane Irma has traversed the length of Florida and The Florida Keys sustained major damage. With an estimated 100 billion dollars in damages, Floridians are scrambling to recover quickly so that they may go back to their normal way of life. If you live between Key West and Marathon, FL it is important to move quickly with the rebuilding process. Here are a few steps you can take to streamline the process and recuperate quicker.

Alert Your Insurance & Gather Evidence

Call your insurance company and notify them that you will be submitting a claim. Giving them a heads up before submission can help you accumulate information that you may need throughout the claims process such as a deadline for submission or specific procedures that they will need you to follow. Procedures should be laid out in your policy, but speaking to a representative can help clear up any steps you are unsure on. To submit your claim you will need to document all of the damage incurred during Hurricane Irma. Take pictures and notes of the damage dealt to the property and personal belongings.

Dealing with Insurance Adjusters

After Hurricane Irma, there is a reported shortage of insurance adjusters. Insurance adjusters are being spread thin in an uphill battle to get a handle on the mass amounts of claims trying to be submitted. To this end, insurance adjusters are not always fighting for the insured to receive a fair payout from their insurance companies. This is where a public adjuster becomes not only a viable, but necessary option. By allowing a trusted public adjuster to not only fight on your behalf, but also handle the time consuming process of filing a claim, you are giving yourself your best chance at getting everything owed to you.

Experienced companies like Accredited Public Adjusters, LLC understand the verbiage of your insurance policy and will utilize that knowledge in helping you file for varying types of damages that come with a hurricane. Wind, water, flood, and tornado are all damages that can occur and need to be differentiated and documented differently.  Without the skills to do so, claims can be denied or underpaid, leaving the insured to bear the remaining costs.

The Benefits of Using a Public Adjuster vs. Handling An Insurance Claim Yourself

Hiring a public adjuster can make the process of handling an insurance claim much less stressful, and can impact the amount of money you receive from your insurance provider. You should aim to work with an experienced and professional claims adjuster. A good public adjuster will work directly with your insurance provider to determine how much the loss you’ve experienced is worth. You should keep in mind that the insurance company may be spot on, and the adjuster may take the insurers side. When hiring a public adjuster, look for one that mentions working for your interests, and obtaining the best possible settlement for the policyholder.

If the settlement that your insurance provider has offered seems low to you, and you think you’re entitled to more money, than hiring a public adjuster, otherwise known as a P.A, is a step in the right direction. Here are 3 reasons why hiring a P.A is a better idea than handling an insurance claim by yourself:

  1. Public Adjusters Work Directly For The Policyholder

A good public adjuster will know the ins and outs of the insurance industry that just isn’t common knowledge to the average homeowner. This gives them the ability and insight to be able to scrutinize your insurance policy down to the smallest details, granting you more money in your settlement as a result. Throughout the entire insurance claim process, the PA will defend your rights as a policyholder and negotiate with the provider to make the outcome of the settlement weigh in the favor of you, the policyholder.

  1. The Policy Holder Doesn’t Pay Out Of Pocket

The expense of hiring a public adjuster won’t come out of your pocket. Instead, the adjuster is paid once a settlement is reached. Once you receive the settlement payment, the PA will receive an agreed upon percentage. This percentage can vary, but usually sits around 10 percent.

  1. P.As Will Help You Receive A Higher Insurance Settlement

Public adjusters are in the business of granting the best possible outcome for the claim under your insurance policy. Unlike the average homeowner, public adjusters know the ins and outs of the ever changing insurance industry, including how an insurance provider evaluates a claim. Curious to know if a public adjuster can help you receive more on your claim? Consider this fact:

Homeowners that hire a public adjuster to handle their insurance claim typically receive 25-50 percent more money in their settlement.

Hiring A Public Adjuster in Florida, North Carolina, or Georgia

Accredited Public Adjusters, LLC is a licensed firm of public adjusters that serves policyholders located in Florida, Georgia, and North Carolina. Whether the loss is residential or commercial, APA can handle the claim. We work on behalf of the policyholder to get them the claim they deserve. To receive a free home evaluation, call 1 (855) 968-1900. To learn more about how APA can help you receive the money you’re entitled, vist our website at  https://apublicadjuster.com/

Why Use A Public Adjustor For Your Insurance Claim

Insurance Claim Vero Beach, FL

Has your home been damaged by a flood or a fire?  Sadly, this happens to many families each and every year.  Damage from flooding or a house fire can not only destroy those items you hold most dear but severely damage the structure of your home.  When this happens, you will need to file an insurance claim.  But dealing directly with your insurance company can cause you some major headaches.  Instead, there is another option that you have as a homeowner.

Four Benefits of Hiring a Public Adjustor

  1. It will take the stress off of you:

    When your family has been through a flood or a fire, a lot of stress will be placed on them.  To ease that burden, why not bring in someone to help you through the process?  A public adjustor can handle your entire insurance claim for you so that you can focus on what matters most your family.

  2. Your best interest will be protected:

    When you hire a public adjustor to handle your insurance claim, you will have a professional working for you. The insurance companies are known for giving you the least amount possible for your damage property.  But if you have an advocate that knows the process, you will get much more for your damages.

  3. Faster resolution:

    A public adjustor will help speed up the claim process so that you can start rebuilding your home faster. This means that you will be back in your home where you belong in no time at all. No one likes to be stuck in a hotel room for weeks on end, so why not hire a public adjustor to help you get back in your home quickly?

  4. Everything will be organized:

    When you hire a public adjustor, one of their jobs is to keep everything neatly organized so that they can present it to the insurance company. Having things organized will not only speed up the process, but it will give you solid evidence in case your insurance company tries to deny any part of your claim.

Learn More About How Insurance Claims Work:
What is an ‘Insurance Claim’?
Dealing With Your Insurance Company FAQ

What to Do After a Storm Damages Your Home

Every year, storms and severe weather events cause billions of dollars of property damage. Just last year, property owners in Georgia bore the brunt of numerous storms — to the tune of more than $151 million dollars. It’s devastating to realize that your home or business has been damaged, and you may not know what to do. Here are the most important steps to take right away:

  1. Do not enter your storm damaged home until authorities have determined it safe to enter.
  2. Notify your insurance company as soon as possible.
  3. Take appropriate measures to secure the home to protect it and your belongings from additional damage. Depending on the nature of the damage, this may be as simple as boarding up broken windows. You may need to hire a contractor for emergency repairs.
  4. Take photos, photos, and more photos. Go room to room, documenting everything from a variety of angles. Take close-ups of identifying tags and serial numbers to help ensure you are properly compensated.
  5. Do not throw away damaged property until your insurance company has inventoried it and authorized its disposal. This is evidence, after all. You need it to support your claim!
  6. Keep all of your receipts for expenses incurred after the loss. For example, you could be entitled to compensation for temporary living arrangements and meals — but only if you have receipts.
  7. Get organized. It’s going to be a long haul with claims forms, correspondence, estimates, inventories, and more. Get a file box, folders, labels, and other office supplies to help you keep everything neat, organized, and readily accessible.
  8. Seek professional help. Public insurance adjusters help policyholders like you settle property damage claims. Tap into our insurance claim expertise and let us handle all aspects of your claim. We work hard to ensure that you get every penny that your insurance company owes you.

Contact a public adjuster today to learn more.

Property Damage in the United States

The National Weather Service released its Natural Hazard Statistics Report for 2013 earlier this summer. In all, extreme weather events caused over $12.7 billion in property and crop damage in 2013, down significantly from 2012’s $38.7 billion. Of the $12.7 billion, property damage accounted for $8.8 billion in losses.

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Costliest Types of Property Damage

What caused the most property damage last year?

  • Tornadoes – $3.6 billion
  • Flash and river flooding – $2.2 billion
  • Thunderstorms / high winds – $1.2 billion

At a more local level, Georgia had over $151 million in property damage in 2013; Florida came in at just over $64 million; North Carolina had over $48 million in property damage while its neighbor to the south, South Carolina, received over $18 million in property damage.

What does all of this mean to you, the property owner in the southeastern United States? Severe weather events are a fact of life in the coastal Atlantic states, and we still have many weeks left in 2014. As the hurricane season winds down, we’ll soon be bracing ourselves for winter storms.

What to Do Now

We’d like to take this opportunity to remind everyone that the best time to prepare is now, before a weather event wreaks havoc on your property. Make sure to get your home ready for winter by clearing out your gutters, checking slopes for proper drainage, sealing windows and doors, inspecting storm shutters, and stocking your emergency disaster kit. We also recommend reviewing your insurance policy to ensure you have sufficient insurance (and that it keeps up with inflation).

While you’re at it, get out your smartphone and take lots of photos of your home and your belongings. Having a complete home inventory along with documented proof of your home’s pre-loss condition can save you a lot of heartache and work should your property become severely damaged.

What to Do If Your Property Becomes Damaged

Know this: You don’t have to file your insurance claim on your own. Contact us as soon as it is practical for a free consultation.

Source:

http://www.nws.noaa.gov/om/hazstats.shtml

Optimizing Commercial Insurance Claims

For those that missed several of my last poste, here you are.