Do you need a public adjuster?
In February I met landowners on the coast of New Jersey on the Hurricane coast and to the Seaside Heights in South Jersey and the surrounding town until they stopped at the National Guard for mint locking. I learned a very important fact. Most real estate owners either did not know what the public insurance adjuster was, or they did not know whether the public coordinator needs help.
Let's start with the definition.
"Public coordinators are insurance claim adjustments that assert insurance policyholders when evaluating and soliciting claimants' insurance claims and that can lawfully represent the rights of insured persons during the insurance claim process (Negotiator), it is clear that the insurer pays the claim and the only problem is most beneficial if it is the proper identification [and of the damage] Including loss evaluation. Evaluate damage mainly, prepare invoices such as estimates, read policy of insurance, determine compensation range, and negotiate with insurer coordinator. "
The main responsibilities of the public adjuster are as follows.
· For employers - to assess interruption loss and other extra cost claims
· When entered by owner - Decision value for settling all damages
· Prepare, document and support claims on behalf of the insured
· Settlement negotiations with insurance companies on behalf of insured persons
· Restart claims (Supplement) - If a discord is found after the claim is resolved, negotiate more money
Although it is not always clear that policyholders will benefit from using public adjusters, if you engage immediately after a huge damaged event like Hurricane Sandy's fierce fierce blow in New Jersey, Flood and 60 + mph gust of wind.
It is very important to note that insurance companies themselves are written for insurance companies written in a language called technical English. Both the insurance company's position and property owner have many "shaky rooms" for interpretation. This swayed room leads to money negotiations between public coordinators and insurance adjusters.
Let's talk about "Wave Velocity" as an example. Remember when the children were scattered in the bathtub, and when they got down the water level went down and calmed down. It became a "scum line" (you needed to rinse out), but the water was much higher. "Wave velocity" is the phenomenon that oceanic salt water and the sea water of the bay invading from all directions occur (frequently seeking your own level), and waves of 6 to 12 inches are generated many times. Salt water is scouring effective, water settles and does not indicate that water is scattering until you form your "scum line" or waterway. According to the insurer's adjuster, this water service is now the whole "foundation" for solving your flood request. The public adjuster knows that the damage line is much higher. In many cases, this damage is not clear, but the damage will start to appear after 3 to 6 months of hurricane.
The concept of wave velocity is based on the fact that their water lines are beneath floor beams, floors, insulation, windows, air conditioning equipment, etc., and salt water that has jumped up for "capillary aspiration" or "wicking" In the area, the insulation is wet, the floor may start warping or cup, air conditioning equipment will start to ruin terribly. The insulation just above the tap is immersed and needs to be replaced. You need to relax the floor beams and under the floor from the mold. Normally insurer adjusters do not volunteer this information because they are not trained on this phenomenon or are trained not to volunteer this information. This opens a can of insects for negotiation.
Public coordinators can find defects overlooked by insurance coordinators many times (not a bad reason) with professional advisers, structural engineers, general contractors, technical advisors, etc. It is a newly trained or extremely over reserved or simple overwork. Insurance adjusters are usually in a hurry to finish work and move on to next of many scheduled appointments. In addition, insurance adjusters can not avoid submitting reports on property of owner for weeks or months, and damages may be overlooked or overlooked. Public adjusters work for policyholders and "commit" themselves and their many years of experience against the claimant 's claim to "maximize" just one legitimate item. Consider this idea: Pay public insurer $ X amount, or $ 3X - $ 4 X - $ 5 X to insurance company!
However, even during negotiations with insurance companies or even after a settlement is received by collateral, if public notice is found whether additional damages have occurred, public adjusters can negotiate a higher amount I will.
Public co-ordinators have different means for public co-ordination officials if they do not agree with the total amount of claims. Public coordinators appeal to superiors or superiors. If it did not settle the dispute, the official coordinator requests "appraisal". Each party hires an independent appraiser to determine the value of the relevant claim. Normally, this will resolve most conflicts and each party will win a vote. If the review process can not resolve the differences, there is arbitration and / or litigation. This is an absolute last resort and it is very time consuming and expensive.
In summary, the idea of the whole insurance is to return the property of the insured to its original state. This is called "pre-loss condition", in New Jersey ... it is law!
