| Message |
Author |
|
 Posted: Sun Dec 20, 2009 5:46 am Post subject: |
|
|
| Quote: | | Besides the payoff, everything was in one check. |
Any decent size fire or water loss I have always had multiple checks for the contents, ALE and structure. If I waited for the insured to submit content lists it would take a month or so to issue a check for the ACV amount and the house reconstruction would be delayed.
_________________
Can I say I’m working if I stare blankly at my computer all day? |
|
Dasfuk
Senior member
Joined: 27 Feb 2008
Posts: 597
Location: Ohio
24.03 Dollars($)
|
|
| Posted: Sun Dec 20, 2009 4:58 pm Post subject: HO Settlement |
|
|
PLEASE PLEASE PLEASE read in detail.
Your insurance company sent an adjuster to your home to inspect damages, take measurements and photos...he might be a local adjuster....if its catastrophe work, hes most likely not.
He works for the insurance company not for you. You did not hire him, you will not pay him. Since he works for them, he is there to protect their interests....which are a LOW SETTLEMENT. If he comes up with a dollar figure, how would you know its correct or even enough???
HERES THE INFO YOUR INSURANCE COMPANIES DO NOT GIVE YOU you have the right to hire a PUBLIC ADJUSTER. (the insurance companies employ Independant Adjusters)
A public adjuster is licensed by the same body that licenses the Ind. Adj. We use the same software to evaluate damages and to complete our report. The difference is WE WORK FOR YOU. Our estimate does not nickel and dime you.
We are trained and have the experience in construction. We are familiar with the insurance policy and its language as a CONTRACT. So when the insurance companies want to offer you pennies on the dollar for your loss, we get you EVERYTHING. WE represent you the way a lawyer would in court. Never heard about us, blame your insurance company for that. Depending on your policy, there is language written by lawyers for lawyers in the back that briefly mention what your options are as a h/o.
Contact me for more info. Hope it helps. ......and NO, you do not have to accept what ever the insurance company offers you on a take it or leave it condition. You have rights, you pay the premium, you decide. |
|
PublicAdjuster
New member
Joined: 20 Dec 2009
Posts: 15
6.42 Dollars($)
|
|
| Posted: Mon Dec 21, 2009 2:58 am Post subject: |
|
|
| Quote: | we get you EVERYTHING-Our estimate does not nickel and dime you.
|
Well, we take a chunk of it...but I didn't really want to post that in my advertisement. And it adds up to a lot more then nickels and dimes.
| Quote: | | pennies on the dollar |
Really? There are insurance companies trying to give someone pennies when they owe them a dollar.
And before you even post a response....I know I know....if they hire us and get 90% of 50,000 thats better then 100% of a low ball offer.
_________________
Can I say I’m working if I stare blankly at my computer all day? |
|
Dasfuk
Senior member
Joined: 27 Feb 2008
Posts: 597
Location: Ohio
24.03 Dollars($)
|
|
| Posted: Mon Dec 21, 2009 8:32 am Post subject: |
|
|
| You could do some things while hiring the contractor e.g. make sure that he's bonded and offers Workmen compensation to his employees. You should also check out the liability insurance. Make sure that his business card bears his official address as well as contact phone no. |
|
steven
Senior member
Joined: 02 Feb 2006
Posts: 1553
215.65 Dollars($)
|
|
| Posted: Mon Dec 21, 2009 9:46 am Post subject: |
|
|
Dasfuk-
THERE IS NOTHING TO HIDE.
PUBLIC ADJUSTERS CHARGE A FEE FOR THEIR SERVICE.
The fee is negotiable by the home owner and the adjusting firm, it is not a flat fee across the board.
Depending on the type of loss, and the state, some losses are automatically capped at a certain percent by the Department of Insurance.
THERE IS NOTHING TO HIDE.
Do you suggest that We work for free? Do you work for free?
We are licensed by the State Department of Insurance and Bonded.
We must comply with continuing education specific to the license type. Do you suggest we work for free? Do you work for free?
Do not be upset that I am taking the mystery out of the claims process for the home owner and showing them how INDEPENDENT ADJUSTERS like you try and rip them off any chance you get. Its not your fault you have that job. |
|
PublicAdjuster
New member
Joined: 20 Dec 2009
Posts: 15
6.42 Dollars($)
|
|
| Posted: Mon Dec 21, 2009 3:44 pm Post subject: |
|
|
| Quote: | | Do not be upset that I am taking the mystery out of the claims process for the home owner and showing them how INDEPENDENT ADJUSTERS like you try and rip them off any chance you get. Its not your fault you have that job. |
I don't think you are shedding any light to any mystery to anyone. All of of us will admit that there are infact some adjusters that have a negative agenda, but again you seem to be lumping all IA's into that group. That is not only rediculous, but also wrecklous and a complete disservice to a policy holder. Put yourself in the shoes of a policy holder for once. You are also making baseless claims against someone on the forum that you don't know from Adam. |
|
Trench
Senior member
Joined: 16 Sep 2009
Posts: 911
Location: Kansas City
152.85 Dollars($)
|
|
| Posted: Tue Dec 22, 2009 4:10 pm Post subject: |
|
|
Yeah, I don't work for free and never claimed that you work for free. What I found funny is that you posted how you get the insured all of this money they are owed but failed to state in any of your posts until the one above that you are going to take a % of the check.
What mystery are you talking about. PA's advertise all over the place. Heck I live in Ohio and there are PA's in Cleveland, Columbus, Cincinnati, Dayton, Toledo, Canton and Youngstown that advertise all of the time. Do they advertise as much as they do in FL or TX....no, but we also don't have the type of CATs that those areas have. And you have to admit, CATs are what make your business profitable.
As far as your lack of knowledge showing again....
| Quote: | | INDEPENDENT ADJUSTERS like you try and rip them off any chance you get |
Independent adjusters usually get paid on a fee schedule. The BIGGER the loss, normally the bigger the fee. Denials are usually a flat fee which are normally low. So if independents want to make money, it would benifit them to find all of the covered damage they could.
Once again......
MORE DAMAGE IN DOLLARS AND CENTS = MORE MONEY TO THE INDEPENDENT.
I will agree with Trench, there are adjusters that are lazy, inexperienced or just too busy to care. In those cases the mistakes are usually caught somewhere in the process, but one again I agree not in ever circumstance.
There are times and places for PAs, but most claims don't require your expertise.
_________________
Can I say I’m working if I stare blankly at my computer all day? |
|
Dasfuk
Senior member
Joined: 27 Feb 2008
Posts: 597
Location: Ohio
24.03 Dollars($)
|
|
| Posted: Tue Dec 22, 2009 7:45 pm Post subject: |
|
|
| Quote: | | There are times and places for PAs, but most claims don't require your expertise. |
Agreed. |
|
Trench
Senior member
Joined: 16 Sep 2009
Posts: 911
Location: Kansas City
152.85 Dollars($)
|
|
| Posted: Tue Dec 22, 2009 10:03 pm Post subject: |
|
|
| Quote: | | There are times and places for PAs, |
agreed, but (IMO) damn few... | Quote: | | but most claims don't require your expertise. |
 agreed..MO must either have really tough laws governing PA's or they can't make enough money in this state. I've seriously not had the pleasure of dealing with PA's in ANY Missouri claims since I began in 1987. I have had the 'pleasure' in some (way) out of state claims...through the years...in my particular case, with the company I was working for at the time. The claim settlement/payment did not change by a single penny! not one! I have no idea what the PA did, I assume the insured ended up with less than enough to repair their home.. 
_________________
"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
|
Lori
Moderator
Joined: 10 Sep 2007
Posts: 8173
Location: Missouri
287.90 Dollars($)
|
|
| Posted: Wed Dec 23, 2009 1:22 am Post subject: |
|
|
| Quote: | | they can't make enough money in this state. |
I am gonna go with that. 
| Quote: | | I have no idea what the PA did, |
A few weeks ago I was visiting a friend who is an adjuster in Columbia. While we were talking, a PA that had been "working' on a case of his called to ask if he needed anything else. Jokingly, he said you could go get me the police report. Sure enough, he showed up with it. |
|
Trench
Senior member
Joined: 16 Sep 2009
Posts: 911
Location: Kansas City
152.85 Dollars($)
|
|
| Posted: Wed Dec 23, 2009 12:58 pm Post subject: |
|
|
Found a use for the PA did he? THAT is priceless!
_________________
"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
|
Lori
Moderator
Joined: 10 Sep 2007
Posts: 8173
Location: Missouri
287.90 Dollars($)
|
|
| Posted: Thu Mar 25, 2010 4:17 am Post subject: it varies by state and carrier |
|
|
It is true that some carriers will issue different checks for the different portions of the "Coverage". For example Coverage A Dwelling will be one check while Coverage C for contents another. I have not seen any adjuster as of recently with the authority to issue an "on the spot" settlement. Maybe for catastrophe work but not daily work..that goes for Florida, Tx and Ga. Usually the adjuster has to turn his "estimate" in to an in house or desk examiner that double checks for inconsistencies. I would not accept either way w/o double checking with a contractor or Public Adjuster. Everyone seems to forget that ALL insurance carriers are FOR PROFIT corporations...meaning they need to make money, not hand it out. It is pretty evident in their very own policies in which they offer; mediation, arbitration and eventually litigation. These are all recourses for disputes in damage amounts between the homeowner and the carrier.
_________________
Register Now to have your Insurance queries solved. |
|
truthout
Guest
|
|
| Posted: Thu Mar 25, 2010 11:09 am Post subject: |
|
|
Yes, there are carriers who's adjusters can issue payments on the spot..I've worked for two of them..One that was a multiline company, I had ACV/limits draft authority for physical damage of any kind..think I had 25k for BI's at the time, course could get authority to have that raised if the injury warranted it. Carrier I work for now prides their selves on handing the check to the customer asap, which means as soon as I finish righting the estimate..So to answer your question, yes, there are carriers that do this.
_________________
"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
|
Lori
Moderator
Joined: 10 Sep 2007
Posts: 8173
Location: Missouri
287.90 Dollars($)
|
|
Previous 1, 2
