The Public Adjusters is taking a leading role in the never ending battle of “deficient” scope and pricing practices by many property-casualty insurance companies.
In the 2004/2005 hurricane seasons the insurance companies have been taking a beating on natural disasters that occurred one after another in Florida and Gulf Coastal areas. To meet the needs of their policy holders and to settle claims fast, these companies had to engage the services of out-of-town contract adjusters, even if they had very little, and in some cases, no experience adjusting losses.
These adjusters, for the most part, bill on a per file basis. The more losses they see, the more they get paid. So, the object is to get in and get out as fast as possible.
What happens? We have discovered that 90% of the losses are evaluated at less than their fair value. Of these, 50% come in at 22% less; 25% come in at 35% less; and 15% are in excess of 50% less than their fair value.
The company’s adjuster will supply the insured with a detailed computerized breakdown of their loss. The report appears to be very detailed and complete. But this report, although comprehensive, if analyzed closely, can reveal many inconsistencies, mistakes, and missing items.
It can also reveal that the pricing is incorrect. Not only by the adjuster but by whomever supplied them with cost data for their computer system.
If you don’t know how to interpret the details of the report given to you by the adjuster, you may be settling your claim for an amount somewhat less than it’s true value.
If you need help in with get your claim paid.. If you cannot get all that you need to get home repaired… If you cannot get your adjuster to call you back !! If you are living in your home with no carpet, damaged tile and fans blowing 24/7… If you have questions about your closed or new claim.. PLEASE CALL 561 843 4040.. Equitable Public Adjusters can help you… We are not paid until you are !!!
We handle all of Palm Beach, Broward.. We have handled and resolved claims in Lake Worth, Delray Beach, Boca Raton, West Palm Beach, Palm Beach, Jupiter, Juno Beach, Rivera Beach, Royal Palm Beach…
Posted on July 22nd, 2009 by lenny
Filed under: Uncategorized
