Trust your adjuster and you could end up charging thousands of dollars less than you are entitled to when you file an insurance claim.
There are only a few ways an insurance company can make a profit.
has. Increase premium income
b. Reduce business expenses and claims expenses
against Pay as little as possible in claim payments
d. Increase investment income
Most people are very trusting and believe that their insurance company will go to great lengths to protect them. They do not realize that the insurance company is in business for profit and that profit is their primary motivation.
Adjusters work in the area of example C. They are paid to represent the interests of the insurance company FIRST. Your task is to minimize the amounts of the claims.
That puts insurance companies and their adjusters in conflict with policyholders, who want to collect as much money as they are entitled to collect.
You need to remember this: no matter how good a person your claims adjuster is, HE IS NOT ON YOUR SIDE. You are not paying your salary or dues. The insurance company is.
Your insurance policy has terms and conditions that require YOU to file your claim and prove the claim. It is not up to the adjuster, it is YOUR responsibility.
The catch is this: If you confidently allow your adjuster to calculate the amount of your claim, they will calculate THE LOWEST AMOUNT OF MONEY YOU WILL ACCEPT AS A SETTLEMENT. You’re stuck trusting your adjuster to do something that isn’t in their job description…even though the insurance companies want you to believe they’re on your side, or a good neighbor, or in good hands.
Here is the escape strategy
1. Before the adjuster begins handling your claim, meet with him and interview him about his qualifications and years in the adjusting field. In the book I wrote, I recommend that if your adjuster has two years or less of experience, you do not accept them as your adjuster. Politely call your supervisor and firmly insist on an adjuster with more experience.
2. If your adjuster has to write an estimate for your damages, find your own contractor to write an estimate for you. Usually, the adjuster’s estimate will be lower than the contractor’s written estimate that you create yourself.
3. If you have a property loss on a home or business, contact a Public Adjuster. A Public Adjuster represents YOU, not the insurance company. Think about it: If you had a legal problem, you probably wouldn’t represent yourself, but you would hire an attorney. Unless you are a claims specialist, you should not represent yourself. Public adjusters are claims specialists who represent policyholders ONLY. They usually charge larger settlements for you.
If you have suffered a property loss, whether due to fire, wind, flood or otherwise, you need to know how to win insurance claim strategies. The insurance company will not tell you the claims process, but I will. I’ll show you how to take control of your insurance claim and add hundreds or even thousands of dollars to your claim settlement. For more information, visit the website listed below.
