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What Is a Business Interruption Claim?

Posted on by YLLA@admin

There is a lot more that goes into creating a successful business than most people think. Everything that goes on behind the scenes of business creation forms the key elements that make sure that business is a success. But these key elements are a major part of making sure nothing interrupts that success.  Businesses are just as vulnerable to accidental disasters as everyone else, which is why it is beneficial for business owners to have knowledge of a business interruption claim in their back pocket. 

Also like everyone else, businesses can protect themselves by having a protection plan via insurance – something that allows them to make a business interruption claim in the first place. By having an adequate insurance company with policies that protect your business in the event of a major accident, you are ensuring your business is set to continue being a major success post-accident. 

Business interruption insurance is set to protect any commercial property damages that could happen to your business. It is then that the business owner should look into filing a business interruption claim. 

There are typically 3 types of Business Interruption Insurance Policies: 

  • Business interruption is designed to reimburse the income lost during the time of repairing or restoring the physical damage.
  • Extended business interruption is designed to reimburse for only a limited amount of time, specifically for the income that is lost after the property is repaired but before the income returns to its pre-loss level.
  • Contingent business interruption is designed to provide coverage for the income that was lost due to physical damage, not to its property, but to the property of providers or suppliers.

Essentially, business interruption insurance is put in place to compensate you for your loss of income due to a disaster. It covers your revenue based off of your past financial records. Some policies even cover operating expenses such as electricity. 

When a business has to close down completely for repairs, it can easily lose to its competitors, which would be an even bigger setback than the one it’s already facing. 

Business Interruption Insurance maintains your level of revenue so that you can also maintain your client base so your business can stay at its successful state. 

Business Interruption coverage comes in many forms and is best designed by the agent/broker for a particular business’s needs. But after a disaster happens, what do you do? You file a business interruption claim. 

But how do you go about filing a business interruption claim? How much money will you get and when? There are so many questions that come with filing an insurance claim. Luckily, there are public adjusters who are there to lead you through this complicated process. 

What Is a Public Adjuster and How Can They Help File Your Claim?

A public adjuster is an insurance professional whose job is to work on behalf of the policyholder and to assist them in settling their claim. In the event that you are forced to file a claim, it can be extremely helpful to hire a public adjuster to assist you through the entire claim process. 

A public adjuster is an agent that advocates solely on behalf of the insured and handles the negotiations and filings with the insurance company directly.

Though it is not required to hire a public adjuster, it will most certainly make your life easier in the end. So many things can go awry if you attempt to navigate the claims process on your own. 

Public adjusters are trained and experienced professionals that can take much of the unknown out of the equation when filing a claim. It is what they do every day, instead of an average policyholder trying to submit a large claim on their own.

Typically, public adjusters work for a percentage of the final claim settlement on their client’s policy. The larger the claim, the more the public adjuster will make. These fees can vary depending on whom you choose to represent you, so it’s important to do your homework before selecting an agent.

Five Big Issues Business Owners Face Without a Public Adjuster

1. Dealing with Time-Consuming Paperwork and Phone Calls

In most cases, people filing a claim under their business interruption insurance policy have experienced some kind of damage to or significant loss of property. Fires, floods and other catastrophes can also put business owners into financially devastating circumstances. When any of these events occur, the last thing people should be worried about is filling out document after document.

Public adjusters are able to take this burden off of the insured so they are able to focus on the important things, like rebuilding and keeping up with the business. Without a public adjuster, policyholders may find themselves spending hours of their time with the insurance company trying to fulfill the required documentation and inquiries regarding their property value.

2. Giving the Insurance Company the Upper Hand

Public adjusters are there to alleviate stress off of the business owner so they can relax and work on rebuilding. If a business owner chooses not to hire a public adjuster, they are putting themselves in a position that leaves them vulnerable during the claims process. It’s very similar to an individual choosing to represent him or herself in a court case instead of hiring an attorney.

Without having an educated professional like a public adjuster, it’s difficult to predict the best outcome for the insured. If someone chooses not to have a public adjuster represent them, they are essentially giving the insurance company the upper hand in the negotiations of the claim. Undoubtedly, the insurance company has experts in the industry on board, so without representation, the insured has a higher possibility of not getting everything their policy covers.

3. Missing Out on The Largest Possible Settlement

No one wants to leave money on the table, especially when it comes to a valued property like a business. Unfortunately, because the claims process is so complicated, many business owners lose out on money they could have recovered simply because they didn’t know the reimbursement for a particular item was an option.

People that are represented by a public adjuster have the peace of mind that a professional in the field is scouring their policy to include every possible value to help recover losses. Without having a public adjuster, the business owner is losing that peace of mind, as they are left to interpret their policy coverage alone and could miss out on getting their full settlement. 

In addition to the complicated language included in insurance policies, it is natural to overlook items in the midst of a disaster as your mind is elsewhere.  As a business owner, when disaster strikes, your mind is everywhere other than reading documents or filling out paperwork. 

Without a public adjuster, business owners are alone to advocate for themselves and their property value, which could ultimately end up setting them back even further.

Public Adjusters perform extensive research on the property itself and its contents to make sure that no stone is left unturned. Unfortunately, policyholders that do not have a public adjuster miss out on potential recouped damages that they overlook when documenting their claim.

Everyone knows contracts can often be confusing to anyone who doesn’t practice law, and insurance policies are certainly no exception. Most policies contain numerous clauses with unfamiliar terminology that is misunderstood by the insured party. When it comes time to file a claim, each word included in the policy could make a difference to the policyholder and the outcome of the settlement.

If someone is not familiar with certain clauses in the policy, they may very well overlook a chance to include certain items for recovery. The last thing a business owner wants to do is lose out on damages. With a public adjuster, they have someone who knows the terminology inside and out and has experience in negotiating claims, so they are more likely to receive a larger settlement.

Even though the insured pays a fee to the public adjuster, it will be worth the difference. In some situations, it is more beneficial to just pay the public adjuster fees and end up with more recovered in damages.

4. Drawing Out the Length of Time Needed to Settle

Filing claims without a public adjuster may also draw out the length of time it takes to settle the claim and close the matter. Processing claims can be tedious, and sometimes require multiple submissions to the insurance company. The back and forth simply to establish the proper total cost of damages could take months, weeks or even years to finalize on your own.

The insurance company may reject certain submissions if they are incorrect or incomplete. Each time this happens the finish line to settlement is extended even more. As a business owner, you may not have that time to give. When dealing with a loss of property, people are typically frantic to find a new temporary place to work, replacing belongings and recovering from the incident. 

This doesn’t leave the time required to effectively and efficiently handle a claim alone, which leads to missed opportunities or mistakes. If someone chooses to hire a public adjuster, they can step in and help expedite the claims process.

5. Experiencing a Loss of Recovered Damages

It is not uncommon with business interruption insurance claims to have additional damages surface after the fact. In these cases, it can be incredibly challenging to reopen a claim with the insurance company. Many people wouldn’t know where to start to begin negotiations again.

With a public adjuster on their side, business owners have an industry expert working diligently for them to ensure they are recovering all possible losses, including those they may surface post-settlement.

Without a public adjuster, most people just assume that there is not an opportunity for a larger settlement. After experiencing a disaster at home, finances can be a very touchy topic for people. Knowing that something was missed in a claim could be devastating but fighting to reopen a claim may be too much of a burden for the insured to take on.

The process of reopening a claim can be just as frustrating as filing the initial claim.

In some cases, it may be more difficult to get the insurance company to negotiate after the fact. 

The insurance industry is there to make money, and once a claim is fully processed, they may push back more to reopen for additional negotiations. Without a public adjuster, business owners are left to respond and negotiate on their own.

Though people pay their policies for the sole purpose of coverage in these situations, the insurance company will still only try to pay out what they absolutely have to. If they can, they will push back so they don’t have to spend additional labor hours negotiating a claim, or additional funds to pay out in more damages. After all, insurance companies are there to make money.

No matter what the situation is, it’s never easy to be faced with a loss or damage to your business, and it’s definitely not something you have to go through alone. 

Why Should I Use a Public Adjuster?

Public adjusters are there to serve and assist people during these times, and can absolutely ease the process from start to finish. Though it is possible to navigate the claims process without one, so many things can go wrong without a public adjuster.

Public Adjusters are important to the public when both residents and business owners are faced with damage. Allowing them to make the already challenging time a little easier on you is the best route to take. 

It is never easy to have to go through a tragedy. Why make things even harder on yourself without a business interruption insurance? It would provide comfort to you; knowing you would be alright if something were to happen to the business you worked so hard to build.

Although the terms of business interruption insurance coverages vary from one policy to the next, most have similar sets of moving parts. Which all include the same common goal of the business interruption claim, making your restoration easier and less painful—both mentally, and financially. 

So, having a policy that ensures covers you and having a person to walk you through the process will help you know that, despite the temporary tragedy, you will be able to return back to your business as successful as ever. 

If your property has been damaged in a storm or another disaster, reach out to Your Large Loss Adjuster. Not only do we do free damage inspections and estimates, but we get you the biggest possible settlement from your insurance company!

What Do I Do If I Don’t Like The Insurance Company’s Initial Payout?

Posted on by YLLA@admin

Accidents happen, and property damage is an unfortunate reality of life. Whether it’s due to a hurricane or another unexpected event, the costs of repairs can be overwhelming. To help cover these costs, many turn to their insurance policy in hopes that they will receive a fair settlement. However, this isn’t always the case. If you are unhappy with the insurance company’s initial payout after experiencing property damage, there are steps you can take to increase your chances of getting a higher settlement. So, what do you do if you don’t like the insurance company’s initial payout?

Assess Damages and Gather Documentation

If you’ve recently experienced damage to your property and filed a claim, you may be disappointed with the insurance company’s initial payout. But don’t give up hope, there are steps you can take to increase your chances of a higher payout.

The first step is to thoroughly assess the damage and gather as much documentation as possible. This means inspecting every nook and cranny of your property, both inside and outside, and taking detailed photos and videos. You should also consider obtaining estimates from professionals on the cost of repairs, as well as keeping receipts for any emergency services or temporary repairs that you’ve had to pay for out of pocket. We recommend going into each and every room and creating a different log of what was damaged for each one.

When making your claim, be sure to include all relevant damages, even if you think they may not be covered or not worth including. It’s always better to err on the side of caution and be thorough in your documentation.

By taking these steps and gathering as much evidence as you can, you will be in a much better position to negotiate a higher payout from your insurance company. Don’t let a lower payout keep you from getting the full compensation you deserve for your property damage.

Review Your Policy Coverage

It is crucial to be familiar with the details of your insurance policy. In the event of property damage, it is not uncommon to be disappointed with the initial payout from your insurance company. To avoid this, it is essential to review your policy regularly to ensure you understand the extent of coverage and the limits of your policy.

When it comes to water or flood damage, it is imperative to be aware of any exclusions in your policy. In some cases, these damages may not be covered and you may have to seek compensation from other sources. To avoid any confusion or disappointment, it is wise to review your policy and understand what is covered and what is not.

If you feel that your insurance company is not treating you fairly, it may be necessary to seek the help of a public adjuster. Public adjusters are professionals who specialize in navigating the claims process and can help you get the compensation you deserve. They understand the insurance industry and can provide you with the knowledge and guidance you need to get the best possible outcome.

Get In Touch With Your Insurance Company

It’s normal to feel frustrated when the initial insurance payout after a property damage incident doesn’t meet your expectations. The claim filing process can be confusing and intimidating, especially if you’re not familiar with the policy or the process. However, it’s crucial for policy owners to take the initiative and reach out to the insurance company to voice their concerns.

The insurance company may not be aware of the extent of the damage or the property owner’s dissatisfaction. By communicating with the company and providing more information, property owners can help make sure their claim is evaluated properly. This includes ensuring they receive a fair settlement. It’s important to be persistent and keep following up with the insurance company until the claim is resolved.

This may require multiple phone calls, emails, or even the assistance of a mediator. Insurance company has a legal obligation to fairly and promptly compensate property owners for covered damages. Property owners have the right to pursue their claim if they feel they’re not being treated fairly.

Negotiate the Insurance Company’s Initial Payout

Experiencing property damage can be an emotionally and financially draining experience. It is not uncommon for property owners to feel dissatisfied with the initial payout offered by their insurance company, especially if the cost of repairs exceeds the amount initially offered. However, property owners have the right to negotiate their payout and potentially increase the amount they receive.

One effective way to increase your payout is by providing evidence of the damages and their costs. This can include photos, receipts, and estimates from contractors or repair professionals. These documents help the insurance company understand the extent of the damages and the costs of repair or replacement.

Another strategy to consider is using your policy coverage as leverage. Make sure to review your policy and understand what is covered and what is not. If the damages are covered by your policy, use this information as a negotiating point with the insurance company. If you feel that you are not making progress in negotiations, consider seeking outside help from a public adjuster.

These professionals can assist in negotiations and help you get the payout you deserve. Remember, negotiating the initial payout offered by your insurance company is your right. By presenting evidence of damages, citing policy coverage, and seeking outside help, you can increase your chances of receiving a fair payout for your property damage claim.

Seek Help From Your Large Loss Adjuster to Assess the Insurance Company’s Initial Payout!

Experiencing property damage can be a traumatic experience, and it becomes even more frustrating when you don’t receive the payout you deserve from your insurance company. If you find yourself in this situation, don’t panic. You have options and help is just a phone call away.

Consider hiring a public adjuster to represent you and help you get the settlement you deserve. Public adjusters are professionals who specialize in negotiating insurance claims on behalf of policyholders. They are well-versed in the claim process and have the experience and knowledge to help you get the best possible outcome.

Your Large Loss Adjuster is here to help you through this difficult time. Our team of public adjusters are ready to assist you in assessing the damages. They will review insurance policies and negotiate with insurance companies. We understand the stress and frustration that comes with property damage and insurance claims, and we are here to help you every step of the way.

If you have experienced property damage, don’t hesitate to reach out to Your Large Loss Adjuster. Our disaster experts are available 24/7 to schedule an inspection and assist you in getting the payout you deserve. Contact us today at 800-806-3044 to schedule an appointment.

Related: Navigating the Aftermath of Disaster: What to Do When your Property is Too Damaged to Be Inside

Navigating the Aftermath of Disaster: What to Do When your Property is Too Damaged to Be Inside

Posted on by YLLA@admin

Living in a hurricane-prone area can be stressful and dangerous. Natural disasters, such as earthquakes, floods, tornadoes, wildfires, and hurricanes, can cause serious damage to your property and your finances. To mitigate the impact of these events, it’s important to understand the importance of additional living expenses (ALE) coverage and what to do when your property is too damaged to be inside.

Texas and California are two of the states most prone to natural disasters. Texas experiences a wide range of hazards, including earthquakes, floods, tornadoes, wildfires, and hurricanes. California also experiences a variety of disasters, including floods, hurricanes, heat waves, wildfires, mudslides, and earthquakes. Florida has been hit by over 120 natural disasters since 1953, with hurricanes being the primary type of storm.

ALE coverage is included in most property owners’ policies and is intended to cover the reimbursement of expenses associated with living while your house is not habitable. These expenses can include rent, restaurant meals, storage fees, transportation, and replacement clothing. However, it’s important to note that standard property insurance doesn’t cover damage from floods, and therefore does not provide ALE coverage. Additionally, flood insurance policies through the National Flood Insurance Program also do not include ALE coverage.

In this blog, we will delve into the importance of ALE coverage for those living in natural disaster-prone areas. We’ll discuss what expenses qualify for reimbursement, the rules surrounding reimbursement qualification, and the disasters that are included. By having a better understanding of ALE coverage, you can ensure that you have the coverage you need in case of an emergency. So, if you live in a natural disaster-prone area, make sure to invest in ALE coverage for peace of mind and financial security.

What is Alternative Living Expense (ALE) Coverage?

A property owner’s insurance policy can provide peace of mind in times of disaster, but it is crucial to understand all the coverage options included. One type of coverage, Additional Living Expense (ALE), can be especially helpful in the event of a crisis. Imagine, for example, a hurricane has rendered your property uninhabitable, and you need to find temporary housing for a few months while it is repaired. ALE coverage can assist with the extra expenses incurred during this time, such as hotel bills, restaurant meals, and apartment rentals.

But, ALE coverage goes beyond just covering your temporary housing costs. It can also provide coverage for a variety of unexpected expenses, including:

  • – Laundry costs if you do not have access to washing facilities at your temporary housing.
  • – Credit check fees charged by the management of your temporary rental property.
  • – Furniture rental if your temporary housing is unfurnished.
  • – Rental fees for items you normally use but are not available in your temporary housing.
  • – Storage fees for belongings that cannot be taken with you.
  • – Meals incurred during trips for rebuild-related business.
  • – Insurance for the contents of your temporary rental property.
  • – Moving and displacement costs.
  • – Reconnection fees for utility, cable, and telephone services in your rebuilt property.
  • – Pet boarding fees.
  • – Sewer fees if not available in your temporary housing.
  • – Mailing and photocopying expenses related to your claim.
  • – Internet, cable, and utility setup fees.
  • – Mileage for trips to and from your temporary housing and all locations related to rebuild-related business.

What doesn’t ALE cover?

It is important to note that ALE coverage is not designed to cover the cost of repairing or replacing your property or belongings. Those items should be covered by your property owner’s insurance policy. The dwelling coverage in a property owner’s insurance policy can help pay for the physical damage to your property, while personal property coverage can help cover the cost of damaged belongings. This highlights the importance of regularly reviewing your property owner’s insurance policy to ensure you have the right amount of coverage, including any updates to your property that may increase its value.

It’s crucial to regularly review your property owner’s insurance policy to make sure you have the right amount of coverage. Keep in mind that even small property improvements can add value to your property, which means you may need to adjust your coverage accordingly. To ensure you’re fully protected in the event of a loss, it’s always a good idea to have a clear understanding of what your insurance covers and what it doesn’t.

Understanding What Makes a Property Too Damaged To Be Inside

When it comes to hurricanes, it’s crucial to understand how your insurance company may view the habitability of your property. Unfortunately, you can’t expect them to want to pay out all of your damages and act in good faith. In fact, you might find that insurance companies take way too long to process claims and tend to drag their feet. While there may not be a clear definition of what makes a property uninhabitable, it’s important to know what factors can affect the livability of your house.

Don’t mistake storm damage as an opportunity to replace parts of your property that you didn’t like. However, if your property is destroyed or the bathrooms are severely damaged, it’s easy to see that it will not be habitable for some time while awaiting repairs.

Here are some common reasons that can make a property uninhabitable:

1. Power Outages: A loss of power can render a property uninhabitable because it becomes impossible to maintain a safe temperature, cook food, and access running water.

2. Flooding: After a storm, flooding is the most immediate threat to your property. Water can seep into the foundations of your property and cause significant structural damage, making it unsafe to be in.

3. Roof Damage: High winds and heavy rain can cause severe damage to a property’s roof, making it unsafe for people to be inside. A leaking roof can also cause water damage to the interior of a property.

4. Gas Leaks: Storms can cause gas leaks, which can be hazardous and render a property uninhabitable.

5. Tree Damage: Trees falling during a storm can cause significant damage to a property, making it uninhabitable if the damage is severe enough.

6. Unsafe Electrical Wiring: Storms can damage electrical wiring, making it unsafe for people to be in the property until repairs are made.

7. Mold: Flooding and leaks can lead to mold growth inside a property, making it uninhabitable due to the health risks associated with mold exposure.

Will I be able to live somewhere else if my house is damaged and I have ALE coverage?

Hurricanes, house fires, and other unexpected events can leave you in need of a temporary place to stay. The good news is that your insurance policy may include Additional Living Expenses (ALE) coverage to help cover the costs of temporary housing. However, the coverage is limited by time and/or a monetary amount, so it’s essential to understand your policy’s limits and make the most of your ALE claim.

To start, it’s crucial to establish your baselines. This includes identifying what you typically spend on groceries, utilities, and other household expenses before the loss. This information will help you anticipate what you’ll need to spend to maintain your standard of living in a temporary living situation.

When considering a temporary housing solution, you may want to consider corporate apartments. These can be a convenient and suitable option if you need a long-term solution.

To ensure that you maximize your ALE payment, consider the following tips:

  • Document how your temporary living expenses are an increase from your normal expenses.
  • Check with the insurance company and obtain written authorization for any special expenses to avoid misunderstandings.
  • Provide proof of your everyday expenses. This can be used as a reference point for the insurance company if your receipts are questioned.
  • Be ready to provide receipts for all your expenses.

Will Your Insurance Pay Out for Additional Living Expenses?

It’s important to understand what is covered by your insurance policy in the event of a covered loss that makes your property uninhabitable. Most standard property owners’ insurance policies include a provision for Additional Living Expenses (ALE). This coverage can help cover the costs of hotel stays, meals, and other expenses while your property is being repaired or rebuilt.

However, it’s essential to know that ALE coverage has limits and exclusions. To determine if you’re eligible for this coverage, you need to understand the specific terms and conditions of your policy. For example, ALE coverage is only available if the damage to your property is caused by a covered peril, such as a fire or natural disaster. If the damage is caused by a non-covered peril, such as a flood or earthquake, you may not be able to claim ALE.

It’s also important to note that most policies have a time limit for ALE coverage, usually around 12 months, after which you will be responsible for paying for your own living expenses. Additionally, the coverage may only pay for a property that is comparable in value to your own, and you may be responsible for any additional costs if you want to be in a property that is nicer or more expensive than your own.

If you’ve been displaced due to storm damage to your property, don’t hesitate to reach out to Bulldog Adjusters. We’re here to help you handle the hassle of your insurance company and make sure that you get the largest possible settlement. Contact us today to find out more!

Related: Top 4 Tips for Reaching Your Insurance Company

How Do I File A Property Insurance Claim?

Posted on by YLLA@admin

Every year, around one in every twenty property owners, file a  property damage claim. Damages range from fire due to incidents in the kitchen to roofs dealing with hurricane damage and issues from cast iron pipe leaks in older properties. Property damage is a normal part of owning a property, and so is filing a claim with your insurance company.

However, most people don’t know where to start when filing a claim with their insurance company, and that’s where a public adjuster comes in!

Let’s talk about the ins and outs of filing a property insurance claim for property damage and how having a public adjuster on your side can save you time and help you get the largest possible settlement on your claim.

The steps for filing a claim if you’re doing it on your own:

1. Locate the phone number of your insurance company’s claim department. This can be found on the declarations page of your policy. Most states actually require this, but if yours doesn’t… there’s always the internet!

2. Explain the cause of loss. Your policy only covers damage caused by a covered cause of loss. One example is in the case of water damage, where just telling your insurer that water is covering your floor from a leak isn’t enough. You have to also locate the actual source of the leak. Anything else may receive a denial outright.

3. Determine the date of when the loss occurred. Here’s where taking photo or video documentation comes in handy. Having the date is necessary because it shows whether or not your loss happened under your current policy year or the previous one. (And if you’ve switched insurance policies, you’d need to file the claim with your previous company.)

4. Your insurance company may ask you what you’ve done about your cause of loss. This becomes about your obligations under the insurance policy and can cost you your claim. If you had a leaking pipe, did you turn off your water? Did you call a plumber?

5. You’ll need to provide evidence of the problem and that it was fixed or managed in some way. This means receipts from a plumber or other contractors and/or the thing that was damaged.

6. Meet with an insurance adjuster – who may be assigned to you but ultimately works for the insurance company – for an inspection.

7. You’ll submit a list of damaged or destroyed items to your insurance company along with their value. You’ll also want to submit estimates about what has to be repaired.

8. You have to stay in regular contact with your insurance company as you wait to hear back on the results of your claim.

What happens after the claim is filed?

You may think that once you file a claim, the insurance company will take care of everything, and you’ll be back to normal in no time. Unfortunately, that’s often not the case. In fact, the process of dealing with an insurance company after filing a claim can be downright frustrating.

It can be nearly impossible to get in touch with someone from the insurance company. You may have to leave multiple voicemails, send multiple emails, and wait on hold for what feels like an eternity just to speak to someone. And when you do finally get through, you may find that the person you’re speaking with is less than helpful. They may ask for more information or documentation, which can take weeks or even months to gather. And even after you’ve provided everything they’ve asked for, they may still take a long time to make a decision on your claim.

When they do finally make a decision, it may not be in your favor. They may deny your claim outright, or they may offer you a settlement that is significantly less than what you need to cover the damage to your property. This can be incredibly frustrating and disheartening, especially when you’ve paid your insurance premiums for years.

How can a public adjuster help save you time and energy?

When filing a property damage claim, it can be overwhelming to navigate the process on your own. Hiring a public adjuster can save you both time and money in the long run.

A public adjuster is an expert in the field of property insurance claims.

They understand the ins and outs of the claims process and can help you navigate the often complex and confusing paperwork and documentation required. This can save you a significant amount of time and energy, allowing you to focus on other important aspects of your life.

A public adjuster will work on your behalf to ensure that you receive a fair and just settlement for your claim.

They will thoroughly review your policy and assess the damage to your property, working with experts such as engineers and contractors to estimate the cost of repairs. This means that you can have confidence that you are receiving the maximum payout possible for your claim.

A public adjuster will negotiate with the insurance company on your behalf.

They will advocate for you to ensure that your claim is handled in a timely and efficient manner. This can save you a lot of stress and frustration, as well as potentially increase the amount of your settlement.

A public adjuster will handle all the communication with the insurance company, so you don’t have to.

This can save you a significant amount of time and energy, as well as take the pressure off you during an already stressful time.

If you’ve recently experienced property damage and are filing a property insurance claim, it’s important to understand that insurance companies are in the business of making money. They are not necessarily on your side and may not have your best interests in mind.

Unlike insurance adjusters, who work for the insurance company, public adjusters are independent and have no vested interest in lowballing your claim. They will thoroughly review your policy and assess the damage to your property, working with experts such as engineers and contractors to estimate the cost of repairs.

When you notice that you have damage – or when you suspect that you have a property insurance claim in the making – give Your Large Loss Adjuster a call! 

Here’s where Your Large Loss Adjuster makes it easy for property owners

First, our adjuster will inspect your property and review your insurance policy. The goal of the initial inspection is to decide what kind of claim you have and how we can help. 

Once our adjuster determines if they can assist with the claim, they’ll then scope the property and provide our claims processing team with photographs and measurements of the damages. Our team will then file the claim on your behalf complete with full details regarding your damages.  

Imagine trying to call five different companies to get estimates for all of the damage on various parts of your property. If you don’t know exactly what damage you have, you might miss out on a specific type of damage and then, without an estimate, lose out on other areas that may be covered.

Our team will keep you informed, schedule any inspections with the insurance company’s adjuster according to your schedule, and make sure that communication with your insurance company is consistent and ongoing.

Reach out to Your Large Loss Adjuster at 800-806-3044, or contact us online! Our local and experienced adjusters will come out to do a RISK-FREE inspection and policy review so that you’ll know what the best option is for your claim.

We make sure that you know everything that you’ll need to keep your family organized and safe in the time before, during, and after a storm hits!

Related: Top 4 Tips for Reaching Your Insurance Company

Top 4 Tips for Reaching Your Insurance Company

Posted on by YLLA@admin

Insurance is meant to be a safety net, but for many property owners, reaching your insurance company can feel like a cruel game. From the never-ending phone calls to the overwhelming paperwork and frustrating delays, it can be disheartening to get your insurance company to acknowledge your claim.

But don’t lose hope! With a little bit of know-how, you can successfully navigate the insurance claims process and get the fair outcome you deserve. In this blog, we’ll shine a light on the common challenges faced while dealing with insurance companies and provide tips and tricks to streamline the process and get your claim paid promptly.

It’s frustrating when you feel like your insurance company isn’t taking you seriously. But don’t despair – there are ways to get their attention and secure a fair settlement.

Tip #1 – Be persistent

Don’t let them brush you off or give you the runaround. Keep calling and following up until you receive the answers you need. To keep everything organized, make sure to keep detailed records of all your communication.

Tip #2 – Keep a log of every phone call you make to your insurance company.

This way, you’ll have a record of the person’s name, phone number, date, and time of the call, and notes on the conversation. Having this information on hand will help you follow up if needed and remind the insurance company of the conversation you had.

Tip #3 – Be prepared.

Gather all the necessary documents and evidence, such as photos of the damage, receipts, and estimates. This will speed up the process and increase your chances of a fair settlement.

Tip #4 Hire a public adjuster.

These professionals specialize in representing policyholders in insurance claims and can help ensure that your rights are protected. With their expertise and experience, public adjusters can navigate the complex claims process and prevent common mistakes that could cost you money.

1. Expertise in Insurance Claims: Public adjusters have a thorough understanding of the claims process, and they specialize in insurance claims. They will help you navigate the complex process and ensure that your claim is handled correctly.

2. Maximum Compensation: Public adjusters know how to document and present your claim to the insurance company, ensuring that you receive the maximum compensation possible under your policy. They will help you avoid common mistakes, such as undervaluing damages, that property owners make when filing insurance claims.

3. Advocate for Your Rights: Public adjusters will negotiate with your insurance company on your behalf and advocate for your rights as a policyholder. They will ensure that you receive fair compensation for your losses.

4. Reduced Stress: Handling an insurance claim can be a time-consuming and stressful process, but with a public adjuster, you can sit back and relax. They will handle all the details of the claim process for you, saving you time and reducing stress.

Why does reaching your insurance company feel like an uphill battle?

Dealing with insurance companies can feel like walking through a labyrinth – you never know which way to turn or what to expect. These corporations often make it a challenge for property owners to get their claims approved and paid out. Let’s dive into some of the obstacles that insurance companies put in place:

Unavailable Customer Service

It can be a struggle to reach a live person at an insurance company. With limited operating hours and complex phone systems, it’s not uncommon to get stuck in a never-ending loop. Even if you finally get through to a representative, you may be put on hold for extended periods.

Overwhelming Paperwork

Filing a claim comes with a barrage of paperwork and documentation. Not only can this be mentally taxing, but it’s also easy to miss a form or make a mistake. This gives insurance companies an excuse to reject your claim.

Glacially Slow Response Times

Even if your claim is submitted correctly, insurance companies can take an eternity to respond. This delay can be especially frustrating in emergency situations like natural disasters.

Vague Claims Process

Insurance companies can be unclear and unhelpful when it comes to explaining the status of your claim or the reason for a denial. It’s difficult for property owners to understand what’s going on, making the process even more stressful.

Denied or Partially Denied Claims

Unfortunately, insurance companies will often deny or partially deny claims even if property owners have done everything right. This is a tactic used to keep their profits high and avoid paying out on claims.

Insurance companies have a reputation for making the claims process difficult and unresponsive to their policyholders. It’s crucial for property owners to understand their rights and advocate for themselves when dealing with these corporations. With the right knowledge and persistence, it’s possible to overcome these obstacles and get the support you need.

Seek help from Your Large Loss Adjuster

Navigating the insurance claims process after a natural disaster can be overwhelming, but Your Large Loss Adjuster is here to make it easy for you. Our experienced team of adjusters are dedicated to working tirelessly on your claim every day, ensuring that your needs are a top priority.

With our expertise in handling insurance claims after natural disasters, we have a proven track record of success. In the aftermath of Hurricane Ian in 2022, our adjusters traveled all over Florida to assist property owners in need. Our commitment to our clients is what drives us to help them rebuild their lives and properties.

Need help organizing and keeping your family safe during a storm? Our adjusters are always available to answer your questions and provide guidance. Trust us to guide you through the complex insurance claims process with ease. Contact us today, and let us help you get the attention your insurance company deserves.

Related: What is Alternative Dispute Resolution (ADR)?

3 Biggest Insurance Company Tricks to Watch Out For After Property Damage

Posted on by YLLA@admin

After Hurricane Ian in 2022, property owners in Florida were devasted by property damage. Roof leaks, flooded properties, missing shingles, and water damage caused calls to property insurance companies to surge. In fact, the wait time for insurance adjusters (not to be confused with public adjusters) are up to 4 weeks. Are you willing to wait 4 weeks while your roof is leaking in order for your insurance adjuster to come out and inspect your damage? Insurance company tricks are abundant, but that doesn’t stop you from needing a fair settlement.

Your large Loss Adjuster, in a nutshell, holds the insurance company accountable. That’s our job. If you feel that your insurance company isn’t returning your calls or that your insurance company isn’t returning your phone calls, make your next phone call to You Large Loss Adjuster.

What are some insurance company tricks to watch out for after experiencing property damage? In Florida, here are some of the biggest tricks that you can read about.

#1 Insurance Company Tricks: Property Damage Is Less Than Your Deductible

When an insurance company tells you that your property damage came to less than the cost of your deductible, you need a second opinion. Just like anything else like a doctor who diagnoses a serious illness, getting an opinion from a second doctor will let you know what steps you should take next. Property damage is the same scenario.

When your insurance adjuster, a property damage adjuster who is sent by your insurance company to check your damage and give you a property damage estimate for repairs, tells you how much repairs should cost you, your next step should be to call Your Large Loss Adjuster. Your Large Loss Adjuster is the best local public adjuster in Florida. For all cities in Florida, Your Large Loss Adjuster has local, friendly, knowledgeable adjusters who are ready and willing to give you an estimate that the maximum, obtainable amount for your damages.

Property damage is the same scenario. When your insurance adjuster, a property damage adjuster who is sent by your insurance company to check your damage and give you a property damage estimate for repairs, tells you how much repairs should cost you, your next step should be to call Your Large Loss Adjuster. Your Large Loss Adjuster is the best local public adjuster in Florida. For all cities in Florida, Your Large Loss Adjuster has local, friendly, knowledgeable adjusters who are ready and willing to give you an estimate that the maximum, obtainable amount for your damages.

Calling an adjuster is simple. Press the button below to be taken to a simple contact page. Fill it out from your smartphone and an adjuster will contact you within a few minutes.

#2 Insurance Company Tricks: Property Damage Is Not Covered

Many insurance companies will attempt to tell you that your property damage isn’t covered by your policy. In many cases, you are actually covered but how the coverage in the policy is phrased can be interpreted in a way that excludes you from gaining coverage. One of the ways to combat this is by presenting proof of your damage and negotiating the terms of your claim with your insurance company.

Many property owners fall through the cracks with their insurance companies and do not get coverage for major damage either because they don’t know that they can argue their policy terms and coverage with their insurance policyholders or because they simply do not have the time. It can be stressful to negotiate and argue with your policyholder and many property owners don’t want to sit on hold for hours. That’s where Your Large Loss Adjuster comes in. With Your Large Loss Adjuster, you have a team of experienced public adjusters on your side.

This means that you’re going to get the highest possible settlement offer from your insurance company. This settlement will be a fair representation of your property damage repair costs in order to restore your property to how it was prior to your property damage.

#3 Insurance Company Tricks: The Lowball Initial Offer

When you receive your initial claims offer, it’s typically much lower than you’d hope. Your insurance company is attempting to pay the least amount in order to save as much money as possible.How can you get more money from your insurance company? One good way is to hire a public adjuster like Your Large Loss Adjuster.

Your Large Loss Adjuster gives you a free inspection. We maximize your claim by issuing an estimate to your insurance company that represents the true cost of restoration. Meaning that the same quality of the paint will be used to repaint a room with water damage to the walls. This is an honest representation of your repairs. You need someone on your side, and that’s where Your Large Loss Adjuster comes in.

It’s not too late to hire an adjuster. We’re waiting to file your claim now so that you can get your settlement fast. Be sure to read here about how to avoid some of the scams that are targeting property owners after Hurricane Irma.

Your Large Loss Adjuster can help

Your Large Loss Adjuster is your Fort Myers public adjuster, your Key West public adjuster, your Tampa public adjuster, your Jacksonville public adjuster, your Orlando public adjuster, and your Miami public adjuster. For the Best Florida public adjuster, contact us. That means we work for you, not your insurance company. It’s not too late to hire an adjuster for your property damage. Call us today. We cover all of Florida.

If you find yourself wondering, “What exactly does my policy cover?” Call us. Is your insurance policy taking a long time? Is your settlement too low? Have you filed your claim with your property owner’s insurance but still haven’t heard back from your insurance company? It’s not too late to hire an adjuster for your property damage. Let us make your claim for you.

A claims adjuster in every part of Florida is what you need to ensure that wherever you live, you’ve got a team that has your back. Your Large Loss Adjuster takes the headache of waiting on hold with your insurance company off your shoulders. From Marco Island to the tip of Jacksonville, from Marathon Key to Tallahassee, we’re all over the place in the state of Florida. It’s not too late to hire an adjuster. How can we earn your business?

Settlement too low? Call (954) 280-2536. Remember, it’s not too late to hire an adjuster for your property damage.

Related: What is Alternative Dispute Resolution (ADR)?

What is Alternative Dispute Resolution (ADR)?

Posted on by YLLA@admin

Alternative Dispute Resolution (ADR) is a process that allows property owners and their insurance companies to resolve disputes outside of the traditional courtroom setting. These alternative resolutions include Meditation, Appraisal, and Litigation.

One of the main benefits of ADR is that it can be a faster and less costly option for resolving disputes compared to going to court. Additionally, it often allows for more flexibility and control over the outcome for both parties.

In this blog, we’ll be diving deeper into the specifics of ADR and the different methods available, as well as the pros and cons of each. We’ll also discuss how a public adjuster can assist property owners in navigating the ADR process and ensuring that their rights and interests are protected.

Mediation

Mediation is an ADR process in which an impartial third party, known as a mediator, helps two or more parties in a dispute to reach a mutually agreed upon resolution. In the context of property insurance claims, mediation may be used to resolve disputes between the policyholder (the person making a claim) and the insurance company. It is a confidential and voluntary process in which a neutral third party, known as a mediator, facilitates a conversation between your PA and the insurance company to reach a mutually acceptable resolution.

Mediations result in an agreed settlement about 50% of the time.

Why Mediation?

The goal of mediation is to reach a settlement that is acceptable to all parties without the need for further legal action. The mediator’s role is to facilitate communication between the parties and help them identify areas of agreement and disagreement. They may also provide information and guidance to help the parties understand their rights and obligations under the insurance policy.

Is there a cost?

Mediation is a free service that is offered to policyholders as a means of resolving disputes and reaching a settlement with their insurance company.

How long does it take?

On average, mediations are scheduled 21-45 days after the application is submitted. However, this can vary on a case-by-case basis.

Where does it take place?

Mediations have mostly been conducted virtually over the last few years. This means that instead of meeting in person at an office or library, the mediation is conducted over a video conferencing platform such as Zoom or Skype. This allows all parties involved to participate from the comfort and safety of their own properties, without having to travel. However, it is important to note that if a virtual mediation is not possible or preferred, it can still take place in an office or library not more than 15 miles from your property.

What happens if we can’t reach an agreement in mediation?

It’s important to understand that mediation is a voluntary process, so if a resolution cannot be reached, it doesn’t necessarily mean that the dispute will go unresolved. One option is to continue with the mediation process and schedule additional sessions, giving both parties more time to work towards a compromise. Another option is to head into an appraisal or litigation.

Will I be able to appeal the mediation decision if I disagree with it?

Some insurance policies may provide for an appeals process if you disagree with the outcome of a mediation, while others may not. In some cases, you may have the right to take legal action if you are not satisfied with the decision reached in mediation.

Appraisal

Appraisal is an ADR process that is binding and will result in your claim being settled. We will hire an appraiser to represent you during the appraisal process if you choose to move forward. The appraiser will negotiate your claim during the process. This is binding and final, there are no further negotiations after appraisal. If an agreement cannot be made, then the Appraisers will more forward with an Umpire who is responsible for finalizing the settlement.

Why Appraisal?

An Appraisal is often used as a means of resolving disputes over the value of property or damage that are covered by an insurance policy. This may be necessary if there is a disagreement between the policyholder and the insurance company over the value of a damaged or destroyed item.

What is an umpire?

An umpire is a neutral third party appointed by both appraisers involved in an insurance coverage dispute to evaluate and make a final decision regarding the dispute. The umpire is responsible for reviewing all relevant documentation, including the policy language, claim documentation, and any expert reports or testimony presented by the parties. 

Is there a cost?

The cost of an appraisal for insurance disputes can vary depending on the state and the specific circumstances of the case. Some factors that can affect the cost include the type of damage being appraised, the complexity of the dispute, and the qualifications of the appraiser.

How long does it take?

An Appraisal will take 30-90 days based on the complexity of the case and the size of the property.

Can I choose my own appraiser?

It depends on the specific terms of the dispute and the agreement or contract in place. In some cases, both parties may agree to choose their own Appraiser and present their findings to a neutral third party for a final decision.

Can I appeal the Appraisal decision?

Yes, it is possible to appeal the appraisal decision when settling a property damage dispute. If you disagree with the appraisal decision, you can request a re-appraisal or file a dispute with your insurance company.

Litigation

Litigation is the last ADR process used mainly for denied claims. This happens when a public adjuster or another third-party insurance adjuster cannot settle the claim. Litigation is available in all states; however, the cost varies by state, and attorneys will not accept all claims for continuation.

Why litigation?

This typically occurs when the public adjuster and the insurance company are unable to come to a satisfactory agreement on the amount of compensation for a claim. Your public adjuster may feel that the insurance company’s offer is not fair or adequate and therefore chooses to take the matter to court to seek a more favorable outcome.

Is there a cost?

Going to litigation can be a costly process. The case will be heard by a judge or a jury, who will decide based on the evidence presented. Costs are different per state, but usually, attorneys work on contingency, and fees can be upwards of around 30% of the settlement.

How long does it take?

Generally, the process begins with the filing of a complaint, which outlines the specific details of the damage and the parties involved. The defendant then has a certain amount of time, typically 30 days, to respond to the complaint. 

The trial itself can take several weeks or even months, depending on the complexity of the case and the number of witnesses that need to be called. After the trial, the judge will issue a ruling, and if either party is unhappy with the ruling, they have the right to appeal the decision.

Will my insurance company respond negatively?

Generally speaking, insurance companies do not want to be involved in litigation and will often try to resolve disputes outside of court. For the most part, an insurance company will only respond negatively if the parameters of the litigation do not hold weight. 

For example, an insurance company would respond negatively if the policyholder makes a claim not covered under their policy. 

What are the potential outcomes of the litigation?

If the policyholder wins the case, they will receive a settlement that is deemed fair by the court. However, if they lose the case, they will not receive any additional compensation. You will not be able to appeal the decision if you disagree with it.

Are you feeling overwhelmed by the insurance claim process? Look no further than Your Large Loss Adjuster. Our team of expert adjusters will guide you every step of the way, ensuring that you receive the compensation you deserve.

Whether you need help navigating the paperwork or need to go to Appraisal, we are here to support you. With Your Large Loss Adjuster, you can rest easy knowing that your claim is in good hands. Don’t let the stress of an insurance claim consume you – let us be your advocate.

Contact Your Large Loss Adjuster today for a stress-free claims experience.

Loss of Use Coverage: How Can it Help My Property Insurance Claim?

Posted on by YLLA@admin

It is essential to understand the different types of coverage available to protect your property in the event of damage or loss. One such coverage is Loss of Use coverage, an often overlooked but crucial component of property insurance.

Loss of Use coverage, is also known as Additional Living Expenses (ALE) coverage. It is designed to cover the cost of living expenses if your property becomes uninhabitable due to damage or loss. This can include things like temporary housing, food, and other expenses related to relocating while your property is being repaired or rebuilt.

The purpose of this blog is to explain what Loss of Use coverage is, how it works, and how it can help property owners in the event of a property damage claim. Whether you’re a first-time property owner or have been a property owner for years, understanding Loss of Use coverage is crucial to protecting yourself and your property.

In the event of a hurricane, natural disaster, or other covered events, Loss of Use coverage can provide peace of mind knowing that your living expenses will be covered while your property is being repaired or rebuilt. Without this coverage, property owners may be left to bear the burden of these costs on their own.

What is Loss of Use Coverage and how does it work?

Loss of Use coverage is also known as Additional Living Expenses (ALE) coverage. It is a type of insurance that covers the additional expenses incurred when a person is unable to live in their property due to a covered loss. This type of coverage is typically included in property insurance policies and covers expenses such as temporary housing, meals, and other necessary living expenses.

It is important to understand the scope of ALE coverage so that you are not caught off guard.

Some of the costs that may be covered under ALE include:

  • Laundry expenses at a laundromat if you don’t have access to a washer and dryer.
  • Credit check fees charged by the management of your temporary rental property.
  • Furniture rental for an unfurnished apartment or condo.
  • Rental costs for items you are used to having in your property.
  • Storage fees for large items that would be subject to damage if left at property during repairs.
  • Meals incurred while driving back and forth for rebuild-related business.
  • Insurance for contents in a temporary rental house.
  • Moving or displacement costs.
  • Reconnection fees for setting up services at the rebuilt property.
  • Pet boarding.
  • Sewer fees.
  • Internet, utility, and cable connection setup fees.
  • Mailing expenses and photocopies related to your claim.
  • Mileage to and from a rental property and to and from all locations visited for rebuild-related business.

It is worth noting that while ALE can help cover these costs, they will be evaluated against your normal living expenses. The goal of ALE is to pay the difference between your normal expenses and the expenses incurred during displacement.

It is important to note that ALE does not cover damage to your property or belongings. This is where the property owner’s insurance comes in. The dwelling coverage in a property owner’s insurance policy can help cover repairs caused by a covered peril, like a hurricane. Personal property coverage can help cover the cost of replacing or repairing belongings that were damaged.

It is crucial to regularly review your property owner’s policy to ensure that you have the right amount of coverage. Even basic property improvements can add value, which may require you to increase your coverage.

What are examples in which I can use Loss of Use coverage?

This type of coverage can help you in a number of ways, including covering additional living expenses such as temporary housing and food expenses.

For example, if your property is damaged by a hurricane and you are unable to live in it while repairs are being made, Loss of Use coverage can help. It can cover the cost of a temporary rental property or hotel stay. Additionally, it can also cover the cost of meals and other expenses incurred while you are temporarily displaced from your property. This can help alleviate the financial burden that often comes with unexpected property damage and help you get back to your normal routine as quickly as possible.

Some examples of what may make a property uninhabitable include:

  • Flooding, which can cause severe structural damage and make the property unsafe to live in.
  • Unsafe electrical wiring, which can make a property uninhabitable until repairs are made.
  • Tree damage, which can make a property uninhabitable if the damage is severe enough.
  • Power outages, which can make it impossible to maintain a safe temperature, cook food, and access running water.
  • Roof damage, which can make the property unsafe to live in and also cause water damage to the interior.
  • Mold growth, which can make a property uninhabitable due to the health risks associated with exposure.
  • Gas leaks, which can be dangerous and make a property uninhabitable.

Loss of Use coverage can also help property owners with the cost of storing their belongings while repairs are being made. This can be especially beneficial for those with valuable collections or items that are difficult to replace. By covering these expenses, Loss of Use coverage can help people avoid additional financial stress.

Hiring Your Large Loss Adjuster to Help with Your Claim

Your Large Loss Adjuster is the go-to company for all your property damage claims and Loss of Use coverage needs.

Our team of experienced adjusters are dedicated to providing you with the best possible outcome for your claim. We understand that dealing with property damage can be stressful and overwhelming. So, we work quickly and efficiently to get you the help you need. Whether you need temporary housing or help navigating the claims process, Your Large Loss Adjuster is here to assist you every step of the way.

Don’t let property damage ruin your peace of mind, trust Your Large Loss Adjuster to handle it all. Contact us today to learn more!

Related: The 3 Best Strategies for Connecting with Your Insurance Company

The 3 Best Strategies for Connecting with Your Insurance Company

Posted on by YLLA@admin

As a property owner, it can be incredibly frustrating to try and connect with your insurance company. Whether you’re trying to file a claim, ask a question, or simply update your policy information, it can feel like an impossible task to get in touch with a real person who can help you. But don’t give up just yet! In this blog post, we’ll share the three best strategies for connecting with your insurance company. That way, you can get the help you need when you need it. From understanding the best time to call to find the correct contact information, we’ve got you covered. So, read on to learn how to make the most of your insurance coverage and get the customer service you deserve.

Know the right contact information

Experiencing property damage can be a stressful and overwhelming experience. Whether it’s a natural disaster, a fire, or a break-in, the last thing you want to worry about is settling the claims process with your insurance company. One of the most important things you can do in the aftermath of an incident is to connect with your insurance company as quickly as possible. But, to do that, you must first have the right contact information.

Unfortunately, many property owners don’t have the contact information for their insurance company readily available. They may have to dig through old paperwork or search online. All to find the right phone number or email address! This can add even more stress and frustration to an already difficult situation.

But having the correct contact information can make all the difference. When you know how to reach your insurance company, you can file a claim and start the process as soon as possible. This can help ensure that your claim is settled sooner rather than later.

One of the best ways to ensure that you have the right contact information is to take the time to review your insurance policy. Make sure you know the name of your insurance company, the policy number, and the contact information for their customer service department. You should also be aware of any online portals or apps that your company offers for easy access to your policy information and claims.

Another tip is to keep a copy of your insurance policy in a safe place. This can be a fireproof safe or a digital document storage app. This way, you’ll always have the information you need on hand, even in the event of a disaster.

Be prepared with your policy information and be specific about your needs

Being prepared with your policy information and being specific about your needs when communicating with your insurance company can make a huge difference in the outcome of your claim. This can save you a lot of time and hassle in the long run. One of the biggest reasons for this is that you won’t need to call the insurance company back and repeat the process of waiting on hold.

The last thing you want to do is spend hours on hold with your insurance company to get the help you need. By being prepared with your policy information and specific about your needs, you can make the process much smoother and more efficient.

For example, if you have a property owner’s policy that covers damage from a storm, you’ll want to make sure you have all the details of the storm. This includes the date and time it occurred and the type of damage sustained. It also includes any estimates for repairs. This will help your insurance company process your claim more quickly and get you the help you need.

Additionally, it’s important to be specific about your needs when communicating with your insurance company. This means telling them exactly what you need; by being specific, you can ensure that your insurance company is aware of all of your needs and can take the necessary steps to help you.

Remember to keep a call log

From filing the initial claim to following up on its progress, keeping track of every interaction you have with the insurance company is important. One simple yet effective way to do this is by keeping a log of every phone call you make to the insurance company.

By keeping a log, you’ll have a record of the person’s name, phone number, and the date and time when your phone call took place. This information will come in handy if you need to follow up with the insurance company later on. By having the phone number on hand, you can quickly and easily reach out to the person you spoke with previously. And by referring to your notes on the date and time of the call, you can remind them of the conversation you had and any important details discussed.

Creating a log is easy and can be done with a simple notebook or spreadsheet. Simply write down the following information for each phone call:

  • Person’s name
  • Phone number
  • Date of the call
  • Time of the call
  • Notes on the conversation (what was discussed, any important details, etc.)

Seek help from a public adjuster

As a property owner, dealing with property damage can be a stressful and overwhelming experience. You don’t only have to deal with the physical damage to your property but also the financial burden that comes with it. One of the most important steps you can take in this process is to seek help from a public adjuster.

A public adjuster is a professional who works on behalf of the policyholder. This is to ensure they receive a fair settlement from their insurance company. They have the knowledge and expertise to navigate the complex claims process and help you get the compensation you deserve.

Here are some key reasons why you should consider hiring a public adjuster to help with your insurance claim:

  • A public adjuster is a professional who specializes in insurance claims and has a thorough understanding of the claims process. They can help guide you through the process and ensure that your claim is handled correctly and efficiently.
  • A public adjuster can help you to get the most out of your insurance policy. They know how to properly document and present your claim to the insurance company. This can help to ensure that you receive the maximum amount of compensation possible.
  • A public adjuster can help you to avoid common mistakes that property owners often make when filing insurance claims. For example, they can help you to avoid undervaluing your damages. This can sometimes result in a lower settlement.
  • A public adjuster can help you to negotiate with your insurance company. They are experienced in dealing with insurance companies and know how to advocate for your rights as a policyholder.
  • A public adjuster can help save you time and stress. Filing an insurance claim can be a time-consuming and stressful process. However, a public adjuster can handle all the details for you. This allows you to focus on other important matters.

Get help from Your Large Loss Adjuster on your insurance claim

Are you a property owner dealing with property damage from a recent disaster? The process of filing an insurance claim and navigating the reimbursement process can be overwhelming and confusing. This is where Your Large Loss Adjuster comes in.

Your Large Loss Adjuster is a team of experienced public adjusters. We are dedicated to helping property owners like you get the compensation they deserve for their property damage. Our team understands the importance of getting your property back to normal as quickly as possible, and we will work with you every step of the way to ensure your claim is handled efficiently and effectively.

We document all damages and use that information to negotiate with your insurance company to get you the maximum settlement possible. Our team has the knowledge and expertise to ensure that no detail is overlooked and that you are not taken advantage of by the insurance company.

Don’t let the insurance company dictate the outcome of your claim. Trust the experts at Your Large Loss Adjuster to help you get the compensation you deserve. Contact us today to schedule a free consultation. Call us to learn more about how we can help you navigate the claims process and get your property back to normal. Don’t wait any longer, take action now and let Your Large Loss Adjuster help you get the most out of your insurance claim.

Related: I’m Dissatisfied With The Insurance Company’s Initial Payout: What Now?

What is a Right To Repair Clause? Does Your Policy Have One?

Posted on by YLLA@admin

It is inevitable that at some point during your time as a property owner, you will need to repair or replace something in your property. The most common and significant property repairs often include repairs to the foundation, electrical systems, and wiring, roof, water heater, pipes, septic systems, heating and cooling units, etc. In most of these cases, replacement is often the ideal solution, but this can be hindered by the right-to-repair clauses that exist in many property owners’ policies.

When you experience damage to your property and then turn in a claim to your insurance company, don’t be surprised if the insurance company elects to exercise the right-to-repair clause. This clause is often missed or misunderstood by property owners when they review their initial policy. However, this clause is critical to understand as it means that the insurance company can elect to repair the problem instead of offering a replacement. When this occurs, it likely means that the insurance company will require the use of their contractors to come in and do the work. This can also mean that repairs may be incomplete, take an exorbitant amount of time, or not be performed to industry standards.

Know what your property owner’s insurance policy includes

When the time comes to purchase a property, it is only natural to spend a considerable amount of time determining the design, décor, and various property features. From carpeting to the color of the walls and the finish of the kitchen cabinets, there are a lot of decisions. But oftentimes, property owners select property owner’s insurance policies with less than the same diligence. These insurance policies are considered more of a checking of the box than anything.

Not all property owner’s insurance policies are the same, however. And you should never blindly accept the first policy that you are quoted. Your property owner’s insurance is intended to protect your largest investment, and therefore, you need to do your homework. Be sure to collect at least three quotes from different insurance agencies. Conduct a coverage comparison, and also be sure to read all of the fine print. A professional and experienced insurance agent will have no issues spending time with you and answering all of your questions.

What you need to know about the right to repair clause in your property owner’s insurance policy

The right-to-repair clause, also commonly referred to as the option-to-repair provision, is relatively common in the state of Florida. Though the clause is not frequently invoked, you must understand what the clause means and how it may impact your ability to repair or replace something in your property.

1. Always review your policy and all of the fine print before you sign. Your insurance company can only exercise the clause if it is called out in the policy. Therefore, make sure that you know what you are signing up for so that you completely understand your rights and responsibilities as an insured property owner.

2. Your insurance company may become in control of repairs. Suppose your policy does include the right-to-repair clause. In that case, it means that instead of paying you a settlement, your insurance company can elect to hire contractors to repair your property instead. Or, the contractors will be able to replace destroyed or significantly damaged items instead of replacing them.

3. When the clause is exercised, your insurance company will become the guarantor. Thus, if something goes wrong with the repair or the problem is not corrected appropriately, the insurance company becomes financially responsible for resolving the situation. This can put a burden on the insurance company, however, so property owners must understand that it is the insurance company that is responsible for guaranteeing the work and not the contractor that did the repairs.

4. The right-to-repair clause can become a negotiation point for the insurance company. Though insurance companies are becoming less and less likely to invoke the right-to-repair clause due to the amount of work and burden it can put on them, they do often leverage the clause as a way to pay out a less-than-fair settlement to property owners. As such, property owners need to understand that they should never accept a settlement that is anything less than fair.

Keep This In Mind If You Have A Right-to-Repair Insurance Policy

Here are some of the issues that can come up as a result of a “Right-to-Repair” clause in your property owner property insurance.

1.Second-Rate Repairs – When the contractor that an insurance company chooses for the repairs cuts corners or uses substandard equipment and materials, you wind up with a second-rate repair
Partial repairs – Your insurance company can decide that you don’t need a full repair. For example, instead of replacing damaged material, they can have their chosen contractor resurface the material.

2. Lack of control – with a “Right to Repair” clause in your property owner property insurance, the insurance company holds lots of power. This means that they can tell the contractor to completely ignore your needs and do whatever they (the insurance company) feel is necessary.

3. Illegal/Permit-Free Repairs – This one is a rare one, but every so often, you’ll get an insurance contractor that performs unlawful repairs and works without permits.

4. Lost Time – Many times, policyholders won’t feel comfortable leaving their property in the hands of a contractor that they don’t know. When it comes to a contractor hired by the insurance company? That sense of distrust can go up even higher. If a policyholder can’t feel as though they can trust their contractor, then they have to stay at property to monitor the insurance company’s repairs.

The challenges with the right to repair clause

In recent years, the right-to-repair or option-to-repair clause has become a hot topic in the state of Florida, as some insurance companies operate under this provision. Though there can be benefits to the clause, providing full control to the insurance company related to damages to your property is not always the best situation.

The clause was designed to protect the best interests of the insurer and not the insured. As insurance agencies are in the business of making money, they tend to be very protective of the funds that they pay out for claims. This isn’t always the best situation for the property owner. Repairs need to be done by a professional that is properly skilled, and that will leverage the appropriate high-quality materials.

When the insurance company exercises the right-to-repair clause, the property owner has little to no involvement in the repair work or in what happens next. The insurance company not only pays the contractor but hires the contractor too. Thus, the contractor is under no obligation whatsoever to communicate with the property owner. Even property owner questions need to be routed to the insurance company instead of the contractor, that will be far more familiar with the work being done. Further, as the insurance company is looking to complete the repairs at the lowest investment possible, you could end up with work that is less than stellar.

The right-to-repair clause also removes the ability for the property owner to dispute an insurance settlement. When your insurance company decides to invoke its right to repair, the law in Florida indicates that the insurer becomes the legal guarantor of the repairs. This allows the insurer to force property owners into accepting a settlement offer through the threat of control of the repairs, and their own contractors, even though the property owners might not agree.

Understanding property owner rights

Though invoking the right to repair provides the insurer with full control over the repairs and construction, it does not mean that the property owner is left without rights. Property owners absolutely have the right to ensure that work is done properly and with materials of high quality. According to the state law in Florida, property owners can rightfully demand a full plan of the repairs. This plan should include the project scope of the work, a list of the materials being used, and confirmation that the repairs meet relevant building codes.

As such, though the property owner may not be able to control who does the repairs specifically, they can be guaranteed that the work will be done properly. Unfortunately, getting the insurance company to cooperate and get to the repairs promptly can be a bit more complicated. This is where public adjusters can come into play and work to support the property owner with their rights and in processing the claim, provided that a public adjuster is contacted early on in the process.

Public adjusters will review the property owner’s insurance policy to help the property owner better understand how the right-to-repair clause will affect the overall repair process. Public adjusters can further assist by working with the insurance company on behalf of the property owner so that the property owner isn’t subject to unwarranted tactics that may lead to a claim being paid for less than what it is worth.

Insurance companies are known to use various tactics that can get them out of paying full value on a claim. But when a public adjuster is brought in, the property owner can be assured that the adjuster will be their advocate and get them the claim reimbursement that they are due.

When in doubt about the property insurance process, going with a public adjuster is the most definite way to get a higher settlement on your property insurance claim instead of gambling with the insurance company’s adjuster. 

Your Large Loss Adjuster has decades of experience in the field. Our adjusters are property owners as well, people who know what it’s like to deal with insurance companies over property damage. We’re practiced in making sure that property owners get the largest possible settlement from their insurance companies. If you have property damage and loss as a result of a natural disaster or other incident and you’ve received a lowballed claim settlement by your insurance company, reach out today to find out how we can help you!

Related: I’m Dissatisfied With The Insurance Company’s Initial Payout: What Now?