| Message |
Author |
|
 Posted: Sun Dec 20, 2009 5:37 pm Post subject: |
|
|
| Quote: | | And that is why I mentioned that it depends on the STATE. |
Actually you did not... not when it comes to filing a supplement. You mention that depreciation is state dependent. |
|
tcope
Forum Expert
Joined: 22 Nov 2006
Posts: 5066
Location: Salt Lake City, UT
272.53 Dollars($)
|
|
| Posted: Sun Dec 20, 2009 5:43 pm Post subject: TCOPE |
|
|
The fact that your tag says "forum expert" does not make you a forum expert by any stretch of the imagination, Especially on an industry as complex as insurance.
The users of this service I assume have at least a basic level of understanding of insurance and its applicability. Clearly, all insurance policies are dependent on their state of production along with many other details. I answer posts from years of experience, training and knowledge.
It would be absurd for me to give a detailed answer to a general question. I therefore provide general information that absent any gross negligence will guide the consumer.
If you feel that you are unequivocally the authority on Insurance Regulation and application, please send me your resume and I might have a position for you within my company. |
|
PublicAdjuster
New member
Joined: 20 Dec 2009
Posts: 15
6.42 Dollars($)
|
|
| Posted: Sun Dec 20, 2009 5:50 pm Post subject: |
|
|
| Quote: | | The fact that your tag says "forum expert" does not make you a forum expert by any stretch of the imagination, Especially on an industry as complex as insurance |
Those titles are not something the posters pick... they are assigned by the forum software. It does say "forum" expert... not "insurance" expert. It really only means I've been here for awhile.
| Quote: | | It would be absurd for me to give a detailed answer to a general question. I therefore provide general information that absent any gross negligence will guide the consumer. |
Telling the OP that they have 5 years to submit a supplement is pretty specific. I only pointed out that this does not apply a vast majority of states... that it's dependent on the states statute of limitations.
| Quote: | | If you feel that you are unequivocally the authority on Insurance Regulation and application, please send me your resume and I might have a position for you within my company |
No, but thank you.... I already have a job. I can say that I have about 25 years experience in the P&C biz with about 20 of those years as an adjuster and about 17 years handling claims in Florida. |
|
tcope
Forum Expert
Joined: 22 Nov 2006
Posts: 5066
Location: Salt Lake City, UT
272.53 Dollars($)
|
|
| Posted: Mon Dec 21, 2009 3:40 am Post subject: |
|
|
I would have to side with tcope here.
| Quote: | As a matter of fact, you have a 5yr window to file a SUPPLEMENTAL...
|
You did state it as a fact and then attack him for having a title of forum expert.
_________________
Can I say I’m working if I stare blankly at my computer all day? |
|
Dasfuk
Senior member
Joined: 27 Feb 2008
Posts: 597
Location: Ohio
24.03 Dollars($)
|
|
| Posted: Mon Dec 21, 2009 3:42 am Post subject: |
|
|
| Some more than 5, some less than 5. |
|
Trench
Senior member
Joined: 16 Sep 2009
Posts: 911
Location: Kansas City
152.85 Dollars($)
|
|
| Posted: Mon Dec 21, 2009 4:22 am Post subject: |
|
|
| Quote: | What state are you in? Actually Overhead and Proft ( O&P) should be 20%. NOT 10.
|
Typical PA. Doesn’t actually read what the OP stated, just looked at the company trying to not PAY WHAT IS OWED. Where did the OP state that that the O&P was 10%. They said that it was about 10K....and a few posts down said the company would pay the overhead or about 5.5K.
So whats the problem. The OP got what it will take to cover the damages plus 5.5 as overhead (lining up different trades that he can't/doesn't want to do).
| Quote: | If you did not hire a Public Adjuster, chances are you are being short changed more than just that 10%.
|
But if you do hire one, you will be short changed 10%.
| Quote: | | Btw, the adjuster that went to your loss is not the one that deducted the O&P. |
Wrong. Any adjuster worth anything will know to remove these items from an estimate if the insured is going to do the work. That the overhead was put back in was a choice made at a paygrade higher then the adjuster. (This I believe excludes TX. I believe that all claims require O&P even if a contractor is not involved. Since I don't live in TX, I could not confirm this).
| Quote: | | I am a PUBLIC ADJUSTER for 5 years now. |
If you are looking for work, you may want to stop posting this in public. I'm going with the person with 20+ years experience.
_________________
Can I say I’m working if I stare blankly at my computer all day? |
|
Dasfuk
Senior member
Joined: 27 Feb 2008
Posts: 597
Location: Ohio
24.03 Dollars($)
|
|
| Posted: Mon Dec 21, 2009 10:00 am Post subject: |
|
|
DASFUK
it seems your still dissapointed your career stopped at INDEPENDENT ADJUSTER.
When ever you like, you can go with the 20+ years adjuster (except he's an I/A) . Ill put my Law Degree, up against the 20 years and see where it goes.
That a h/o will be shortchanged for 10% if they hire a PA. Sure thing Pal. We could run surveys all day and see when the h/o is happier. When you come by or when I'm done. Maybe you're upset I make in a claim what it takes you 15 daily claims to make. Again, not my fault.
Lets be clear, INDEPENDENT ADJUSTERS are not there to get the home owners everything they are entitled to. You are there to clean tile, not replace it. To have cabinets refaced instead of replaced. To have baseboards removed and reset instead of replaced. All fine until it's your own home you are talking about.
You don't help the home owners, you help the carrier. Why do you want to focus on my 10% ? I have never even told you what I charge. Additionally, 10% is less than the 30% an attorney will charge once an I/A like you gets the claim denied.
What carrier do you work for? What state? Get some real information out to the readers of these posts. |
|
PublicAdjuster
New member
Joined: 20 Dec 2009
Posts: 15
6.42 Dollars($)
|
|
| Posted: Mon Dec 21, 2009 12:50 pm Post subject: |
|
|
Ok, I can't take it anymore.... | Quote: | | Ill put my Law Degree, up against the 20 years and see where it goes. |
  you have GOT to be joking...a law degree (got a license to practice law too?) that spends five years as a "public adjuster"? hmmmmmmm somethin' smells fishy here...I could link you to sites.. that hire public adjusters without one spec of experience, it's a real 'tough' field to break in too.. and very well thought of industry wide
I'll see tcopes experience, and add my own 23 years...in agreement with him...there you've got it folks....you chose
_________________
"Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr. |
|
Lori
Moderator
Joined: 10 Sep 2007
Posts: 8173
Location: Missouri
287.90 Dollars($)
|
|
| Posted: Mon Dec 21, 2009 1:34 pm Post subject: |
|
|
| Quote: | | Ill put my Law Degree, up against the 20 years and see where it goes. |
Law degrees are much like adjusters, they are a dime a dozen. And using it as bait in this conversation is a pretty lame idea.
| Quote: | | Lets be clear, INDEPENDENT ADJUSTERS are not there to get the home owners everything they are entitled to. You are there to clean tile, not replace it. To have cabinets refaced instead of replaced. To have baseboards removed and reset instead of replaced. All fine until it's your own home you are talking about. |
Let's be clear. If the investigation ends and entitlement means these examples you listed, (alternatives aside), then thats left up to the carrier not the adjuster. And if it was your home, you would expect the same thing. |
|
Trench
Senior member
Joined: 16 Sep 2009
Posts: 911
Location: Kansas City
152.85 Dollars($)
|
|
| Posted: Tue Dec 22, 2009 3:56 pm Post subject: |
|
|
| Quote: | When ever you like, you can go with the 20+ years adjuster (except he's an I/A) . Ill put my Law Degree, up against the 20 years and see where it goes.
|
You posted in another thread that you have handled 300 claims with 20 of those being fire claims including total losses and a few CATs. Myself, I have never claimed that I have the most experience in the world, but I have about 12 years in the industry including, P&C, medical, dental, vision, disability, underwriting, risk/loss control management, CAT supervisor.
Pick out one of my years as an adjuster and I worked over 300 claims in a year with over 20 fire claims ranging from small kitchen fires to a $750,000 commercial fire and multiple total losses (since that seems important to you) Mind you that total loss fires are one of the easiest claims to handle. Other experience includes business interruption claims and loss of use, fatality auto accidents, homicide/suicide investigations, dram shop, inland marine, cargo, builder’s risk, and mediations.
So yes, if for some reason I was going to hire a PA I would hire someone with 20+ years of experience. I don't know anyone on this board, but I would take several over an almost-attorney with little experience in the field they claim to be an expert. You know how many attorneys don't know the first thing about property insurance or the policy covering the property. You keep your almost-law degree, and I will keep my job where I work out of my house, get a free car with gas and insurance, and make my own hours. You go ahead and chase your tail for a quick buck off of some unaware insured.
Something just struck me about your problem with independent adjusters and the file reviewers. I'm just thinking out loud here, but were you one of those that thought that they could get rich quick when a hurricane hit and then found you actually have to work when you are an adjuster. You sent in files that were poorly documented, with junk diagrams, photos and estimates. These files got kicked back to you for a crappy work product and then reassigned once your vendor realized that you just weren't cut out to be an adjuster. Then you got behind on your other files and the vendor you worked for yanked them and gave them to someone else and refused to pay you for your less then stellar work product.
You then decided that you could be a PA, still write up junk inflated estimates and get paid for easy hurricane claims. You then troll the internet and post your expertise for all to read, hoping to drum up some business.
_________________
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: Thu Jan 06, 2011 9:56 pm Post subject: O&P |
|
|
Ok guys.. I'm a roofing contractor and working on an estimate for hail damaged restoration of a roof to send it to my customer's insurance company.. should I add 10% O&P to my estimate? .. Im in Colorado.
Thx for the help in advance! 
_________________
Register Now to have your Insurance queries solved. |
|
Pepezd
Guest
|
|
| Posted: Fri Jan 07, 2011 4:40 am Post subject: |
|
|
Only if you are the general contractor and are responsible for the subs you hire.
_________________
- If you did not start the original thread and have a _new_ question... START A NEW THREAD! |
|
tcope
Forum Expert
Joined: 22 Nov 2006
Posts: 5066
Location: Salt Lake City, UT
272.53 Dollars($)
|
|
Previous 1, 2
