Understanding insurance is difficult. Many individuals are doing their due diligence and ensuring that they have insurance as required by law or to protect their assets and interests. However, some individuals do not understand their policies. The confusion may get worse when they need to file a claim. Insurance companies have employees who are claim adjusters. They investigate claims and assign valuations based on damages and depreciation. Some individuals have add-on insurance that protects them against depreciation.
At times, policyholders may disagree with the valuation of their claim that is assessed by the insurance company. Public insurance claim adjusters are independent professionals who can represent you and help you navigate the process of filing a claim. The following points identify a few reasons you might want to consider their services if there is a dispute between you and an insurance company about a payout.
1. They're Working for You
The insurance company has its staff working hard to protect their interests. You need someone to be working hard on your behalf too. Consider the services of a public insurance claim adjuster as though you have your own adjuster seeking to get you the highest payout and the insurance company having its representative(s) seeking the lowest payout. These independent professionals will know how to detail their findings in a manner that is understood in the insurance industry. Even though you may have tried to explain your views to the insurance company, a professional can create detailed reports of their finding that could result in a higher payout.
2. There Are No Upfront Costs
You read that correctly. Public insurance claim adjusters provide services that do not require payment unless they can secure a higher payout for their clients. This fee is disclosed upfront and made legally binding by the signing of documents. The payout will usually be a percentage of the payout.
3. They Share Their Knowledge
You might be in disagreement with the insurance company because you do not understand your claim. A public adjuster can review your policy and damages to determine if the insurance company is trying to "lowball" you with their initial settlement offer. Public adjusters know insurance language and can help you understand things about your policy. Their knowledge also ensures accurate file claiming. One of the reasons that some claims get denied is because policyholders do not fill them out correctly.
If you'd like to learn more, contact public insurance claim adjusters.