Should I Hire A Public Adjuster Or File A Third-Party Claim
Should I Hire A Public Adjuster Or File A Third-Party Claim A Public Adjuster may represent an insured on a first party insurance claim. The first party is the policyholder and the second party is the insurance company. When a claim is made by the first party, it is called a “first-party claim.” We are […]
Public Adjusters Can Slow Down The Claims Process
Public Adjusters Can Slow Down The Claims Process I’ve worked thousands of claims as an adjuster in New York City. Here’s one thing that I can tell you: Many Public adjusters slow down the claims settlement process. I’ve gotten claims with public adjusters hired already and when I call for a same day or next […]
Advantages of Hiring a Public Adjuster
Advantages of Hiring a Public Adjuster When a property owner sustains damage to their home or business, the road to recovery is often long and complicated. A public adjuster can manage the entire claims process for the property owner to help them expedite and maximize their recovery. The public adjuster will help the property owner […]
How Much Does A Public Adjuster Charge?
How Much Does A Public Adjuster Charge? Regulation 10 N.Y. Comp. Codes R. & Regs. tit. 11, §§ 25.7 (Regulation 10), “No public adjuster shall charge any insured a fee in excess of 12.5 percent of the recovery for services rendered by the adjuster.” Thus, a public adjuster may not charge a fee in a […]
What Does A Public Adjuster Do?
What Does A Public Adjuster Do? A Public Adjuster is a licensed insurance professional who is hired by a policyholder to manage, negotiate, and settle a property damage claim against their insurance company. During the claims process, the public adjuster advocates for the interests of the policyholders to facilitate their full and expeditious recovery from […]
How to Maximize Your Water Damage Claim Recovery
How To Maximize Your Water Damage Claim Recovery Why Water Damage Claims Get Underpaid Adjusters hired by your insurance company are incentivized to under-estimate your damages. They are under intense time-pressure from their employers to close claims quickly for “undisputed” claim amounts, which is code for the least amount of money possible. Second, water can […]
How to Maximize Your Freeze Damage Claim Recovery
How To Maximize Your Freeze Damage Claim Recovery Why Freeze Damage Occurs Freeze damages occur because the water inside of your pipes freezes. The ice that forms in the pipes increases the pressure inside the piping. When the pressure finds a weak-point within the pipes, it bursts and water is released into the surrounding areas. […]
What Is Recoverable Depreciation?
What Is Recoverable Depreciation? As building materials age, they depreciate. At the time of loss settlement, the insurance company generally only owes for the actual cash value of the damaged building materials, which is the replacement cost value minus depreciation. If you have a replacement cost policy, you’re entitled to the withheld depreciation once the […]
How To Get Paid Overhead And Profit From Insurance Companies
How To Get Paid Overhead And Profit From Insurance Companies My name is _____ (your name) and I am a policyholder with _____ (company name). I purchased this policy to protect my property from losing value due to a sudden and incidental loss event such as this one and I am very unhappy with the […]
Puff Back Damage & The Insurance Claim Process
Puff Back Damage and the Insurance Claim Process Imagine for a Moment You’re pulling in to your home after a long day of work. As you step out of the car, you notice that the fall air is getting nippier by the day. Winter is right around the corner, and the cooler temperatures are already […]