Home And Business Property Insurance Claim Help – Dealing With Your Insurance Company
Any time you have property damage to your residence, you have to go through your Insurance Company to recover money for your losses and to rebuild what was lost. If you are like a large sum of property owners, you walked away with a check from your insrance company with barely enough funds to cover half of the work that has to be done to get your home back in shape.
This happens because of a couple of reasons. The first reason this happens is because of the nature of the Insurance Industry. They are in business to make money. They also hire their own Insurance Adjusters to estimate the amount of property damage you have to your home and how much it will cost to fix it. Since the Insurance Adjuster in this case works for the insurance company, you have nobody that is evaluating the damage with your thoughts in mind.
The second reason that Insurance Companies underpay their property owners is simply because the average property owner doesn’t know any better. They see the insurance company and their Adjuster doing work, and when they come up with a payment number, it is automatically accepted that this is how much they should be paid for the damage.
A little known fact, is that all property owners can choose their own contractors and get multiple bids on conductng repairs to their home. You do not have to take the lowest estimate of the bunch. The lowst estimate could mean the work will also be the lowest quality. You, as a property owner, have the option of selecting the contractor with the highest estimate if you choose, and that is what the insurance company has to go by.
The problem with this option is that the average property owner doesn’t know how to go about this process. It can be very tedious, overwhelming, and plain confusing. The good news is that you can get an Insurance Adjuster that works striclty for the policy holder and has only your interests at heart. This type of Adjuster is referred to as Public Adjuster. A Public Aduster’s responsiblity is to work with and for the policy holder and to get every penny they deserve out of the insurance company. Property damage claims that are handled by a Public Adjuster include fire, wind, water, flood, hurricane, theft and many others.
In many states, a property damage claim can be reopened up to five years after it was claimed. If you feel that you were underpaid by your insurance company on a past insurance claim, a Certified Public Adjuster can help you recover those extra funds.
Adam Woodrow is a Homeowner and Webmaster for www.USALoss.com. Public Adjusters helping homeowners collect on underpaid insurance claims. Half of homeowners are underpaid and don’t even know it.
www.gopherforum.com How often have you had questions about business insurance but just didnt get around to asking your insurance agent. Its possible you are just starting out and dont have lawn care business insurance yet. As we have found through our investigation on this topic, no one knows better what your insurance needs are than your local insurance agent. Each companys needs are as unique as the services they provide. Each state will also have different insurance requirements of you. Since these questions come up quite often, we decided to compile a list of the most common insurance questions asked by lawn care business owners and found a friendly insurance agent to give us answers. 1. Q How does an LCO determine which liability policy should be purchased? What percentage of LCOs have the following coverage? 0000.00, 00000.00 or 00000.00 Answer: Most all carry 00000 the difference in premium is minimal between 1 & 2 million worth of coverage. 2. Q: What is a reasonable rate for a 0000.00 / 00000 / 00000 liability insurance policy? Answer: Rates are based either on number of employees or sales. For an operation with 4 employees an approximate premium would be 00. 3. Q: How much more on average is a million or million dollar liability policy, what percentage of LCOs have this coverage? Answer: Most lawn care companies dont carry these high limits. 4. Q: What is the average LCO deductible for liability and theft? Answer: I recommend …
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