Palacios Texas Public Insurance Adjusters

If you’re looking for a licensed public adjuster in Palacios, Texas, then you’ve come to the right place. ClaimsMate is the leading public adjuster search service in Texas. Today, we continue to connect property owners in Palacios, TX with qualified public adjusters serving the local community.

ClaimsMate’s secret to success is our network of public insurance adjusters located across Texas. Our handpicked loss adjusters have a long and proven track record of providing superior service to clients. They have experience handling all types of insurance claims in Texas – from straightforward homeowner claims to the most complex commercial claims cases.

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ClaimsMate is available to customers across the town of Palacios and surrounding communities. Our public adjusters serve communities across southeastern Texas, including communities across Matagorda County. Whether you’re directly within Palacios, in a nearby seaside community, or anywhere else within Matagorda County, ClaimsMate can connect you with an experienced, licensed public adjuster serving your area.

ClaimsMate in Palacios Texas

Contact Public Adjusters in Palacios

281-231-9242

Working with a local public adjuster is important. Our local public adjusters often have firsthand experience managing insurance claims in Texas. They’ve dealt with water and flood damage claims before. They’ve dealt with hailstorm damage claims, hurricane claims, fire damages and similar cases. No matter what type of insurance claim you’re filing, we’re confident we can connect you with a skilled public adjuster to efficiently manage your case.

Why You Should Contact A Public Adjuster in Palacios Texas

There are all sorts of reasons to hire a public insurance adjuster for your claim in Palacios, Texas.

Some Palacios residents will hire a public adjuster to handle an insurance claim from beginning to end. Public adjusters can skillfully manage your claim at a time when you need it most. They can negotiate with the insurance company on your behalf while you focus on getting your life together after a disaster or incident. In this case, you may want to hire an adjuster before you file your claim.

In other cases, Palacios residents will hire a public adjuster after they’ve entered into a dispute with their insurance company. Your insurance company might have denied your claim, for example, or offered you a disappointingly low payout. In these situations, a public adjuster can help fight for your rights.

What Public Adjusters Do To Maximize Claim Settlements

No matter why you hire a public adjuster in Palacios, the goal remains the same: a public adjuster wants to ensure you, the policyholder, gets every penny legally owed to you according to the terms of your insurance contract.

To do that, a public adjuster will analyze the losses of your insurance claim, pore over the terms of your insurance contract, then come up with a fair amount of compensation for your claim. The goal of a public adjuster is to maximize the payout received from your insurance company. A public adjuster doesn’t want to take advantage of your insurance company. Instead, the public adjuster will fight to ensure you’re paid every penny legally owed to you based on the contract you signed with your insurance company.

Find a public adjuster in Palacios, Texas today using ClaimsMate. Our no-cost search service can connect you with a licensed, qualified public adjuster serving Palacios, TX in minutes. Schedule a free consultation and discover how a skilled public insurance adjuster can help manage your Palacios insurance claim.

Source Here: Palacios Texas Public Insurance Adjusters

The Week in a Minute, 6/28/18

The III’s Michael Barry briefs our membership every Wednesday on key insurance related stories. Here are the top stories this week: 

• Northern California’s Pawnee Fire began on Saturday, June 23, and is threatening hundreds of homes in Spring Valley (Lake County). Meanwhile, the Creek Fire started on Sunday, June 24, and prompted evacuations near Happy Valley and Igo (Shasta County).
• Florida’s Limerock Fire either destroyed or damaged dozens of homes in Eastpoint (Franklin County), with at least 175 residents displaced due to the Sunday, June 24, blaze.
• Americans are reaching retirement age in worse financial shape than the prior generation for the first time since the Truman administration, a front page Wall Street Journal...

[Read More ...]

Having a problem with an insurance damage claim? ClaimsMate.com

The Week in a Minute, 6/28/18 was originally posted by ClaimsMate.com Insurance Information Resources

Port Aransas Public Insurance Adjusters

Finding a licensed public insurance adjuster in Port Aransas, Texas is easy thanks to ClaimsMate. We’re a Texas-based company with a network of handpicked public adjusters across the state. Our adjusters have decades of experience lending their expertise to property owners across Texas. Today, we provide complete coverage to residents of Port Aransas, Texas and surrounding communities along the coast.

Whether you’re dealing with flooding, hurricane damage, storm damage, or any other type of insurance claim, you can depend on ClaimsMate to connect you with an honest public adjuster. We individually vet each insurance claims adjuster in our network. We work with public loss adjusters who have a proven track record of securing higher payouts for clients. In some cases, clients can get a payout up to 70% higher than the payout initially offered by their insurance company.

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What To Expect From A Public Adjuster in Port Aransas

A Port Aransas public adjuster’s goal is simple: to maximize insurance payouts on behalf of customers. A public adjuster will examine your claim, inspect the loss or damages, analyze your policy, then negotiate with your insurance company to ensure the client is receiving appropriate payment based on the terms of that policy. In many cases, insurance companies deliver a low initial payout offer because they assume the client will fight back. That’s why a growing number of home and business owners in Port Aransas, Texas are choosing to hire a public adjuster.

ClaimsMate in Port Aransas

Find Public Adjusters in Port A

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When to Hire a Public Adjuster in Port Aransas, Texas

Are you wondering if you should hire a public insurance adjuster in Port Aransas, Texas? Public adjusters are ideal for some claims – but not all claims. Typically, you hire a public adjuster when you’re dealing with an insurance claim with losses totaling over $10,000. You would not typically hire a public adjuster for claims smaller than $10,000. That’s why many public adjusters focus on major home damage claims and homeowner’s insurance cases.

Public adjusters typically work on a contingency basis, which means they only get paid when you accept your insurance company’s final offer. A pre-arranged fee will be discussed upfront, and you pay the public adjuster a small percentage – like 5% or 10% – of the final settled amount.

Public adjusters in Port Aransas, Texas can manage your insurance claim from beginning to end. Some homeowners hire a public adjuster immediately after their home is severely damaged by a storm, hurricane, flooding, water damage, wind damage, or fire, for example. In other cases, a homeowner only hires a public adjuster when they’ve entered a dispute with their insurance company – say, if the insurance company is refusing to cover certain damages or is denying the claim entirely.

At ClaimsMate, we specialize in connecting our customers with licensed, qualified public adjusters serving Port Aransas and surrounding areas. Whether you’re directly in Port A or in a nearby community on Mustang Island or other parts of the coast, you can complete the contact form on this page to get connected with a qualified public adjuster in your area.

Source Here: Port Aransas Public Insurance Adjusters

Rockport Texas Public Adjusters

ClaimsMate is the premier public adjuster search service in Rockport, Texas. Today, our coverage area includes the entire city of Rockport and all surrounding communities within Aransas County. Wherever you’re located in Rockport-Fulton or the Texas Riviera, we’re confident we have the perfect public insurance adjuster to help with your insurance claim and unique situation.

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Our secret to success is simple: we maintain a network of handpicked claims adjusters serving large and small communities across the state of Texas. Our public adjusters are individually vetted. We work exclusively with adjusters who have a proven track record. We want public adjusters capable of efficiently processing insurance claims for clients while securing the highest possible payouts.

ClaimsMate in Rockport Texas

Rockport Public Adjusters

281-231-9242

When to Hire a Public Adjuster in Rockport, Texas

There are no rules about when to hire a public adjuster or private loss adjuster in Rockport, Texas. However, generally speaking, public adjusters are interested in cases where losses total $10,000 or more. Public adjusters get paid based on a pre-arranged fee taken from the final payout. Typically, this is the only fee charged by the public adjuster. Public adjusters work on a contingency fee basis, which means they don’t get paid until you accept your insurance company’s payout. It also means the public adjuster has a greater incentive to push for a higher settlement. You get more money for your insurance claim, your public adjuster gets paid, and your insurance company is forced to honor the terms of the contract they signed with you.

Rockport home and business owners often hire a public adjuster the moment they experience significant property damage. A public adjuster will deal with your insurance company while you focus on the rebuilding efforts.

In other cases, however, Rockport home and business owners only hire a public adjuster after receiving a disappointing offer from their insurance company. Your insurance company might have denied your claim or offered a disappointingly low payout, for example. In this situation, a Rockport public adjuster can negotiate with the insurance company on your behalf, analyze your claim, and examine your contract to ensure you get the maximum possible amount of compensation.

Why You Should Have A Rockport Public Adjuster Help With Your Insurance Claim

Hiring a public adjuster in Rockport, TX can put more money in your pocket at a time when you need it most. In fact, a good public adjuster can secure a settlement that’s up to 70% higher than the payout initially offered by your insurance company. That means less stress during a tough time. It also means more money to restore your property to its pre-loss condition.

Whenever possible, ClaimsMate tries to connect searchers with a public adjuster experienced in their unique type of claim. If you’ve suffered flood damage in Rockport, for example, then we’ll try to connect you with a local public adjuster experienced in managing flood and water damage claims.Whether you’re dealing with hurricane damage, fire damage, storm damage, or any other type of claim, we’re confident we can give your loss claim the best chance of success.

Don’t let your insurance company take advantage of you. Schedule a free consultation with a Rockport public adjuster today by entering your contact information at the bottom of this page. ClaimsMate public adjusters in Rockport are standing by to help manage your insurance claim and maximize your payout.

See More Here: Rockport Texas Public Adjusters

What is Recoverable Depreciation on an Insurance Claim?

Recoverable depreciation is an important concept in the insurance industry. If you’re in the process of making an insurance claim, then it’s important you understand how recoverable depreciation works.

You may already know about depreciation. Depreciation is the method of allocating the cost of an asset over the course of its useful lifetime. When you sign an insurance policy, your insurance company is likely agreeing to cover the replacement cost of the covered item – like your house.

When your insurance policy covers replacement costs, it means that some or all of your depreciation can be claimed. This is known as recoverable depreciation.

How Does Depreciation Work?

A homeowners insurance policy is a contract that agrees to provide coverage for your house and the contents of your house. That insurance policy coverage will need to assign a value to everything covered under the policy in the event of a claim.

The value of your home and the contents within your home decline over time. Some items – like your home – decline in value due to normal wear and tear. A 5-year old home with brand new everything is generally worth more than a 25-year old home that needs a new roof. This is the same with your personal property contents within your home.

The amount that is lost each year in value from your home and the items inside is called depreciation. Depreciation might sound complicated, but it’s a surprisingly basic formula.

Let’s say you purchased a new oven for $2,000, and the expected lifespan of that oven is 10 years. The insurance company will establish that this oven has a useful life of 10 years. Based on this information, the annual depreciation allowed per year is the total cost divided by the total expected lifespan (useful life), which works out to:

$2,000 (the initial cost and value of the oven when brand new) divided by 10 years (the expected useful lifespan of the oven) = depreciation of $200 per year

How Insurance Companies Calculate Actual Cash Value (ACV)

Depending on your policy, when filing an insurance claim your insurance company will often pay you the actual cash value (ACV) of the personal property that was damaged or destroyed. ACV is a measure of the cash value of the asset at the time it was damaged or destroyed.

To determine the ACV of an asset, the insurance company will calculate the replacement cost of the item (what it would cost to replace the item), then subtract the depreciation of that item from the replacement cost.

In the example above with the oven, here’s how the insurance company would calculate ACV if the oven was destroyed after 3 years:

Oven ACV = $2,000 – ($200 x 3) = $1400

In this case, your insurance company would reimburse you $1400. On an actual cash value basis you’re not going to receive the full replacement value of the oven or the price you paid at retail because the oven wasn’t worth that much at the time of its loss. The oven depreciated in value over the 3 years of usage, and your insurance company will reimburse you for the actual cash value – or ACV – of that asset.

Insurance Policies Can Have Recoverable Depreciation Clauses

Now that you know how depreciation works, it’s time to talk about recoverable depreciation.

You can have a recoverable depreciation clause in your insurance policy. A recoverable depreciation clause allows the homeowners to claim the depreciation of certain assets along with their actual cash value.

In the example above, then you may be able to claim the depreciation of the oven – or $600. This is the amount of value depreciated from the oven over a 3 year period.

Rules and Restrictions of a Recoverable Depreciation Clause

A recoverable depreciation clause might seem like a good idea – after all, it’s more money in your pocket in the event of a loss. However, most recoverable depreciation clauses come with rules and restrictions.

First, many recoverable depreciation clauses come with rules requiring certain repairs or replacements to be completed within a certain deadline. If you failed to make these repairs or replacements prior to the loss of that item, then your recoverable depreciation clause may be void.

It’s also important to note that home insurance plans have a deductible. Recoverable depreciation can make a significant impact when it comes to calculating whether or not it’s worth it to file a claim.

As a simplified example, let’s say you have a $1,500 deductible, and your insurance company is offering you $1400 for your 3 year old oven (actual cash value). At this point, it’s not worth it to file an insurance claim because your deductible is more than the amount of compensation you’d receive. However, if you had a recoverable depreciation clause in your insurance policy, then your insurance company would reimburse you $2,000 total ($1400 ACV plus the $600 in depreciated value over 3 years). This means you’re at a net positive of $500 for your insurance claim.

Conclusion

Recoverable depreciation can add a significant amount of value to your compensation. In many cases, your covered asset has depreciated by 50% or more in value since you purchased it. That means your insurance company might offer a settlement that’s twice as much as what you would receive without recoverable depreciation.

Sometimes, there are rules and restrictions that make it hard to claim recoverable depreciation. In other cases, it’s extra money you should be aware of that may be available on top of your existing insurance claim.

Ultimately, talk to your insurance company or check your insurance policy to determine if you have a recoverable depreciation clause.

Originally Published Here: What is Recoverable Depreciation on an Insurance Claim?

Sports-related injuries

Summer is here, and it’s time for both kids and adults to be more active. Unfortunately sports related injuries can also increase during the summer months. Our interactive chart shows that playing basketball led to the most hospital treated injuries, followed by biking and football, according to the latest available data from the National Safety Council (NSC).

Concern is growing about the risks of sports-related concussions as lawsuits filed by injured professional football players have generated national headlines. The problem also affects thousands of young people who engage in a variety of sports.

Among the sports shown in the chart below, ice hockey injuries had the highest percentage of concussion as the primary diagnosis, at...

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Having a problem with a fire claim? ClaimsMate.com

Sports-related injuries was originally posted by ClaimsMate.com Insurance Information Resources

Bay City Texas Public Adjusters

Hire a public adjuster in Bay City, Texas today and get a settlement offer up to 70% higher than the one initially offered by your insurance company.

As a Texas-based public adjuster search service, ClaimsMate connects customers with highly-qualified licensed adjusters across the state. Today, we continue to serve clients in Bay City, Texas and all surrounding communities. Whether you’re located directly in Bay City or anywhere else in Matagorda County, we can help you find the ideal public adjuster for your unique needs.

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A good public adjuster provides incredible peace of mind. Public adjusters are skilled professionals with a long track record of helping clients achieve higher settlements. Our network consists exclusively of handpicked, Texas-based public adjusters. Instead of working with a faceless nationwide firm, you can relax knowing you’re in the hands of a skilled, locally-based professional who understands Bay City like a local.

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Public Insurance Adjusters in Bay City TX

281-231-9242

The Benefits Of Hiring An Adjuster For Bay City Residents

Residents of Bay City frequently deal with insurance claims related to severe weather – including everything from hailstorms to hurricanes. When you experience a disaster, you depend on your insurance company to protect you. Unfortunately, as many Bay City homeowners have discovered, your insurance company is more concerned with protecting its bottom line than providing fair compensation to homeowners. Some homeowners receive an embarrassingly low compensation offer from their insurance company. Others have their claims completely denied.

If you’re disappointed with the offer from your insurance company, then it may be in your best interests to hire a Bay City public adjuster. A public adjuster works on your behalf against the insurance company. The adjuster analyzes your claim, pores over your policy, then negotiates with your insurance company for the maximum possible amount of compensation. At the end of the day, a good public adjuster can negotiate a settlement with your insurance company that’s up to 70% higher than the initial offer.

How ClaimsMate Can Help

ClaimsMate is simply a no-cost public adjuster search service available to residents of Bay City, TX and surrounding communities. Enter your basic contact information into the form on this page or give us a call. Then, we’ll connect you with a licensed public adjuster in Bay City to start helping with your insurance claim right away.

Since Bay City is a small community, many public adjusters are based in surrounding cities in the greater Houston area. However, all public adjusters have experience skillfully managing claims in Texas, and all our adjusters have been individually vetted to ensure they offer proven results and the best customer service.

After hiring a public adjuster, that adjuster will negotiate with your insurance company to achieve the highest possible settlement. After a series of negotiations, you can choose to accept the insurance company’s settlement. At this point, the public adjuster will typically charge a fee of 5% to 10% of the final settled amount. This is the only fee charged by most public adjusters.

To hire a public adjuster in Bay City, Texas, fill out the form at the bottom of this page. We’ll quickly connect you with a skilled public adjuster serving Bay City and surrounding communities.

Article Here: Bay City Texas Public Adjusters

Buying a Tankless Water Heater? What You Need to Know

Are you in the market for a new water heater? If you’re looking to replace your conventional storage water heater with something a little more energy efficient, you might want to learn more about tankless, or demand-type, water heaters.

According to Energy.gov, if you and your family use less than 41 gallons of hot water per day, switching to a tankless water heater may save 24 to 34 percent more energy than a conventional storage water heater. If you’re looking to learn more about these demand-type water heaters, watch as home maintenance experts The Handyguys explain the pros and cons of tankless water heaters.

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Having a problem with a denied claim? ClaimsMate.com/

Buying a Tankless Water Heater? What You Need to Know was originally posted by ClaimsMate.com Insurance Information Resources

Public Adjusters In Freeport Texas

Get a licensed public adjuster to help with your claim in Freeport, Texas by requesting a quote through ClaimsMate today. We’re Texas’s leading public adjuster search service. Within minutes, you can get in touch with a qualified public adjuster serving Freeport, Texas.

ClaimsMate was founded with a simple goal: we wanted to help policyholders in Texas get connected with qualified, licensed public adjusters. Today, we maintain a network of public adjusters across the state, including in big cities like Houston and small towns like Freeport.

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Many Texans – particularly in the southeast part of the state – know the pain of dealing with insurance companies. From hurricanes to tornadoes to hailstorms, Texas storms can leave a trail of destruction. You depend on your insurance company to protect you when things go wrong. Unfortunately, that’s not always the case.

ClaimsMate in Freeport Texas

Find Local Freeport Public Adjusters

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How Public Loss Adjusters in Freeport Can Help

Our Freeport, TX public adjusters are highly-qualified professionals with a proven track record of maximizing compensation for clients. These professionals have an intimate understanding of insurance contracts. They understand how insurance companies work – including the tricks they pull to reduce claim payouts. Many of our Freeport public adjusters used to work for insurance companies before switching over and representing the public.

Public adjusters will negotiate with the insurance company on your behalf. They’re professional negotiators who fight tooth-and-nail for a higher settlement offer. Public loss adjusters don’t charge fees upfront; instead, you only pay after you accept the final settlement from your insurance company. At this point, a public adjuster will typically charge a fee of 5% to 10% of the final compensation.

Some Freeport, TX policyholders hire a public adjuster when they encounter a conflict with their insurance company. Other policyholders hire a public adjuster immediately after a loss. A public adjuster will manage all aspects of your insurance claim regardless of whether there’s a conflict with your insurance company. They provide incredible peace of mind while taking a load off your back.

Why You May Need A Freeport Public Adjuster

Ultimately, all of these advantages lead to one big benefit: public adjusters in Freeport, Texas can increase your claim by up to 70% higher than the initial offer from your insurance company. That means more money in your pocket at a time when you need it most. Locate a Freeport, TX public adjuster today with ClaimsMate by filling out our easy online form.

Our coverage area includes all residents within the city of Freeport and surrounding communities in Brazoria County. Whether you’re directly in Freeport or in nearby towns like Quintana, Surfside Beach, or Oyster Creek, we’re confident we can connect you with a qualified public adjuster in your area.

Article Here: Public Adjusters In Freeport Texas

Big nasty claims in the casualty sector

On June 12, Advisen held a webinar entitled “Big nasty claims. What are the large loss trends in the casualty sector?” To qualify as big and nasty, the casualty claims stem from injury and/or property damage resulting from incidents such as train derailments, chemical spills and food contamination, frequently involving multiple parties, and costing $100 million or more each.

Advisen’s large loss dataset yielded some interesting insights into trends in this area, and Jim Blinn, Advisen’s moderator, was joined by two Allied World claims experts, James Minniti and Paul DeGiulio.

Advisen’s dataset reveals that pharmaceutical and medicine manufacturing, transportation equipment manufacturing, and machinery and electronics...

[Read More ...]

Having a problem with a flood claim? ClaimsMate.com

Big nasty claims in the casualty sector was originally posted by ClaimsMate.com Insurance Information Resources

Galveston Texas Public Adjusters

Hiring a public adjuster in Galveston, Texas is easy thanks to the team at ClaimsMate. We maintain a handpicked network of public adjusters serving policyholders across the city of Galveston and surrounding communities.

No matter what type of insurance claim you’re dealing with, you can depend on a public insurance adjuster, also known as private adjusters, to represent you against your insurance company. Some Galveston policyholders hire a public adjuster when they get into a dispute with their insurance company. Other policyholders hire a public adjuster immediately after experiencing a loss.

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A public adjuster can solve a specific dispute. Or, the adjuster can manage all aspects of your claim from beginning to end, regardless of whether there’s a major dispute with your insurer.

ClaimsMate in Galveston Texas

Find A Galveston Texas Public Adjuster

281-231-9242

Why Galveston Residents Hire A Public Adjuster

The reason is simple: with help from a public adjuster, a policyholder can earn compensation up to 70% higher than the amount initially offered by your insurance company. That could mean tens of thousands more dollars in your pocket at a time when you need it most.

Galveston homeowners rely on public adjusters to achieve the highest possible compensation. A public adjuster doesn’t try to take advantage of your insurance company. Instead, a public adjuster’s goal is to get the maximum amount of compensation you’re legally owed according to the terms of your contract.

Without a public adjuster, many Galveston homeowners get taken advantage of. An insurance company knows many policyholders are naïve. They might use stipulations like “wind-driven rain” to argue against your flooding or water damage claim, for example.

Whether your claim has been denied or you just experienced a loss, it’s in your best interest to hire a public adjuster. When you need to hire a public adjuster in Galveston, TX, look no further than ClaimsMate.

How ClaimsMate Helps With Insurance Claims

ClaimsMate is Texas’s leading public adjuster search service. We maintain presence in all major cities in Texas. Whether you’re located directly in Galveston or in any surrounding community, we have a handpicked selection of public adjusters ready to handle your claims. Our public adjusters were chosen for their proven experience handling client claims. Our adjusters have a long track record of helping clients maximize insurance company settlements.

Many of the independent public adjusters in our network have been chosen for their local experience. We prefer working with public adjusters who have a long history of representing Galveston homeowners, for example. These public adjusters have a proven track record of helping Galveston homeowners maximize compensation on flooding claims, hurricane claims, storm damage claims, fire, smoke and other cases.

No matter what type of claim you’re dealing with, our customers agree on one thing: after hiring a public adjuster, it feels like an enormous weight has been taken off your back. A public adjuster works for you against your insurance company, which means you can focus on the cleanup project while a skilled professional deals with your insurance company.

Fill out our online form or give us a call to get more information or hire a qualified public adjuster in Galveston, TX.

Post Source Here: Galveston Texas Public Adjusters

Secrets Revealed: Things Your Insurance Company Doesn’t Want You to Know

The average insurance policyholder has limited experience dealing with insurance companies. Most policyholders, for example, have never had to make a major claim.

Insurance companies often take advantage of this fact. They do things that don’t catch the attention of a naïve policyholder.

Today, we’re revealing some of the biggest secrets your insurance company doesn’t want you to know.

Insurance Companies Don’t Want You to Hire a Public Adjuster or an Attorney

First, let’s start with something obvious: the last thing an insurance company wants is for you to hire a public adjuster. A public adjuster negotiates with the insurance company on your behalf, fighting for a higher settlement and pushing for more money.

It’s in the insurance company’s best interests to close your claim as quickly as possible while paying the lowest amount they’re legally required to pay – they don’t want you to hire a public adjuster or attorney.

Independent Adjusters Are Not your Friend

There are three types of adjusters who might work on your case:

Company Adjuster: This is the adjuster employed by your insurance company to handle claims.

Independent Adjuster: An independent adjuster is hired by your insurance company for specific cases – say, when there’s a dispute. The independent adjuster is paid by your insurance company on a per-claim basis. They’re not full-time employees.

Public Adjuster: A public adjuster is hired by the policyholder. A public adjuster represents the policyholder’s best interests.

If you talk to your insurance company, they might describe the independent adjuster as being “on your side” or being “your friend”.

In reality, the independent adjuster is a paid contractor hired by your insurance company. Their primary interest is to protect the bottom line of your insurance company. Don’t be fooled into thinking the independent adjuster is on your side. See also Public Adjusters Vs Independent Adjusters.

Insurance Companies May Try to Trap You By Asking for Recorded Statements and Medical Authorizations

Your insurance company might request things like recorded statements and signed medical authorizations. You, the naïve policyholder, might think these are straightforward things to request.

However, your insurance company wants these documents for two main reasons.

First, they want you to make a statement like, “It was partly my fault” or “I wasn’t that badly hurt.”

Second, they want to get access to your medical records. After gaining access to your medical records, the insurance company can use your medical records against you.

In either situation, you’ll get paid significantly less on your claim.

Independent Adjusters Are Some of the Best Negotiators on the Planet

Your insurance company’s adjusters – including company adjusters and independent adjusters – are professional negotiators. Like a good poker player, these adjusters will bluff their way to the lowest possible settlement.

You might hear your adjuster say things like, “That’s the best offer I can make,” or, “If you don’t accept this offer in 48 hours, then it’s going away.”

The adjuster might also try to take your side and place the blame on the insurance company. The adjuster might say something like, “Personally, if I were you, I’d take this offer; these guys aren’t going to budge.”

You can trust a public adjuster to represent you in a professional way. The adjusters hired by your insurance company, however, will use proven negotiation tactics to achieve the lowest possible settlement.

Insurance Companies Don’t Want Cases to Go to Court

An insurance company, like any good negotiator, will demonstrate a willingness to go to court. If there’s a dispute, then the insurance company might appear willing to take the case to court.

In reality, the last thing an insurance company wants to do is go to court. It’s always in the insurance company’s best interests to push for a settlement.

Don’t be fooled into thinking your insurance company is eager to go to court. Like many other strategies used by your insurance company, this is a negotiation tactic.

Insurance Companies Generate Enormous Profits Every Year

Don’t be fooled into thinking your insurance company is some mom-and-pop business fighting to keep the lights on every month.

Most insurance companies in the United States are multibillion dollar corporations. They make billions of dollars per year. Your claim is just one small segment out of millions of insurance company portfolios.

Remember: you signed a legal contract with your insurance company to receive compensation after a disaster. It’s quite literally your insurance company’s job to provide compensation according to the terms of that contract.

Insurance Companies Spend Millions of Dollars on Lobbying and Politicians

Nobody likes getting sued – even your insurance company. That’s why insurance companies have spent millions of dollars on lobbyists and politicians. The goal is to limit the right of policyholders to sue insurance companies that act in bad faith.

With that in mind, certain states have laws preventing policyholders from suing insurance companies. That means even if your insurance company acts in bad faith, you have limited recourse. Your insurance company knows this – and they’ll often take advantage of you.

Conclusion: Your Insurance Company Hates When You Hire a Public Adjuster & Push Back

Hire a public adjuster today with help from ClaimsMate, your local public adjuster search specialist.

The last thing your insurance company wants is for you to hire a public adjuster. Your insurance company wants you to accept the first offer and close the case. By hiring a your own private adjuster, you’re standing up for your rights. You’re holding your insurance company accountable for every penny owed to you under the terms of your policy – and that’s something your insurance company absolutely doesn’t want you to know.

See Full Article Here: Secrets Revealed: Things Your Insurance Company Doesn’t Want You to Know

Public Adjusters in Lake Jackson Texas

Find a public adjuster in Lake Jackson, Texas today with ClaimsMate. Our Texas-based public adjusters are fully-licensed and certified. Our network includes independent, skilled professionals with a proven track record of winning higher claims for clients. You don’t pay until you accept the final settlement offer, at which point the public adjuster will charge a pre-arranged fee – typically 5% to 10% of the final settlement.

At ClaimsMate, we’ve built a handpicked network of public adjusters across the state of Texas. Our network covers big cities and small towns across our state – including the entire community of Lake Jackson and surrounding areas. Whether you’re in Lake Jackson, Richwood, Clute, or any other nearby community, we’re confident we can connect you with a qualified, locally-based public adjuster.

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Whenever possible, we try to connect our customers with public adjusters experienced in their specific case. Many homeowners in Lake Jackson deal with flooding and storm damage, for example, which is why you want a public adjuster experienced in similar disputes.

Why Hire A Public Adjuster For Your Lake Jackson Insurance Claim?

Public adjusters are hired to represent homeowners in all types of claims situations. Some Lake Jackson homeowners choose to hire a public adjuster the moment they decide to make a claim. In this situation, a public adjuster can competently handle all aspects of your claim while you focus on recovering from the disaster.

In other situations, Lake Jackson homeowners only hire a public adjuster when they experience a dispute with their insurance company. A local insurance company may have denied your claim, for example, or made a low offer. In these situations, a public adjuster can represent you and make sure you’re awarded the maximum compensation owed to you according to the terms of your policy.

ClaimsMate in Lake Jackson Texas

Find A Lake Jackson Public Adjuster

281-231-9242

Who are public adjusters in Lake Jackson?

Public adjusters are skilled, licensed professionals with a proven track record of achieving higher claims for clients. Many public adjusters in our network used to work for Texas-based or nationwide insurance companies before switching to “the other side”. Our public adjusters have years of experience representing Lake Jackson homeowners like you after all types of disasters – from hailstorms to hurricanes, fires, floods, and more.

To connect with a licensed public adjuster in Lake Jackson, Texas, give us a call or fill out our quick online form. We’ll help you get in touch with a skilled public insurance adjuster right away. The sooner the public adjuster starts working on your claim, the sooner you can start fighting for compensation.

ClaimsMate Is Here To Help Lake Jackson Residents

There’s one thing all ClaimsMate customers agree on: after hiring a public adjuster, it feels like an enormous weight has been removed from your back. Public adjusters give you peace of mind at a time when you sorely need relief. Our Lake Jackson public adjusters can help you earn a settlement that’s up to 70% higher than the initial offer from your insurance company.

To discover what a Lake Jackson public adjuster can do for you, fill out the form with a few details about your claim. We’ll connect you with a licensed public adjuster in Lake Jackson, Texas.

Article Here: Public Adjusters in Lake Jackson Texas

Lloyd’s City Risk Index: $546 billion at risk from 22 threats

As the world’s population becomes increasingly concentrated in cities, they become more vulnerable to risk events. To understand the risk, Lloyd’s compiled a City Risk Index, detailing the threat landscape for the world’s leading 279 cities.

The index estimates how much economic output (GDP@Risk) a city could potentially lose due to 22 different threats ranging from stock market crash to solar storm.

Here are some highlights from the report:

• Across all 279 cities, $546.50 billion is at risk from all 22 threats.

• Man-made threats account for 59 percent of the total GDP@Risk – with market crash the largest single threat, with cities exposed to losses of $103.33 billion on an annual basis.

• The 10 cities with the highest...

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Having a problem with a flood claim? Click Here To Learn More

Lloyd’s City Risk Index: $546 billion at risk from 22 threats was originally posted by ClaimsMate.com Insurance Information Resources

The June Issue Of I.I.I.’s Latest Studies Digest

The June issue of I.I.I.’s Latest Studies digest is now available.

In this issue:

• GreatInsuranceJobs on the industry’s employment and hiring outlook
• Accenture on the value of AI in insurance
• Conning on distribution and services mergers and acquisitions
• JLT Re on the future of terrorism insurance

And much more…..

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Having a problem with an insurance storm claim? Click Here To Learn More

The June Issue Of I.I.I.’s Latest Studies Digest was originally posted by ClaimsMate.com Insurance Information Resources

Breaking Barriers with Backpacks

New to a college campus and excitedly learning the surroundings, University of Georgia student Zack Leitz couldn’t help but notice something that didn’t quite fit among the lush green campus setting. He saw handmade signs asking for money. He noticed hungry eyes hopefully searching passersby. He noticed piles of belongings on the street.

The cities of Athens and Atlanta have a noticeable homelessness issue, and Zack knew he needed to do something about it. As a result, The Backpack Project was born, and quickly morphed from a weekend project to fill and distribute 20 backpacks to a nonprofit that has distributed 3,200 backpacks to the homeless since 2015.

Nick Futrell, executive director of The Backpack Project, was recruited...

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Having a problem with a denied claim? ClaimsMate can help

Breaking Barriers with Backpacks was originally posted by ClaimsMate.com Insurance Information Resources

Breaking Barriers with Backpacks

New to a college campus and excitedly learning the surroundings, University of Georgia student Zack Leitz couldn’t help but notice something that didn’t quite fit among the lush green campus setting. He saw handmade signs asking for money. He noticed hungry eyes hopefully searching passersby. He noticed piles of belongings on the street.

The cities of Athens and Atlanta have a noticeable homelessness issue, and Zack knew he needed to do something about it. As a result, The Backpack Project was born, and quickly morphed from a weekend project to fill and distribute 20 backpacks to a nonprofit that has distributed 3,200 backpacks to the homeless since 2015.

Nick Futrell, executive director of The Backpack Project, was recruited...

[Read More ...]

Having a problem with a hail claim? ClaimsMate.com/

Breaking Barriers with Backpacks was originally posted by ClaimsMate.com Insurance Information Resources

Discover “How Insurance Drives Economic Growth”

By Sean M. Kevelighan,
CEO, Insurance Information Institute

Most people understand insurance as their first line of defense against financial losses. However, the insurance industry’s commitment to a strong economy goes much deeper.

Insurers and reinsurers in many ways are the very foundation of growth and progress for the modern economy. For individuals and businesses of all sizes faced with managing risk amid increasingly complex challenges, insurance is there to ease uncertainties. It’s the safety net that lets families, businesses, and communities plan for future success, confident that they will be able to bounce back no matter what lies ahead.

In a new research study from the Insurance Information Institute (I.I.I.), “How...

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Having a problem with a flood claim? Click Here To Learn More

Discover “How Insurance Drives Economic Growth” was originally posted by ClaimsMate.com Insurance Information Resources

Everything You Need to Know About Overhead & Profit (O&P) in a Property Insurance Claim

Overhead and profit, or O&P, is an insurance term typically seen in property insurance claim cases.

But what is overhead and profit? How does it relate to your claim? Today, we’re explaining everything you need to know about overhead and profit as it pertains to your property insurance claim.

What is Overhead and Profit?

If you’ve experienced a loss, then your insurance company will typically reimburse you based on something called ACV – or actual cash value. They’ll look at the loss you experienced, then send you a check for the actual cash value of that loss.

There’s always a debate over what goes into actual cash value. Does ACV include parts, labor, and materials? Or does it just include parts – and the homeowner is expected to pay for repairs out of pocket?

Some insurance policies fail to accurately define repair cost or replacement cost. This leads to a debate over whether or not parts and service is included in your compensation.

There’s also another debate over what’s included in your compensation: is general contractor overhead and profit (GCO&P) included in your compensation? Or are these costs expected to be bundled into the ACV? That’s where the O&P debate comes in.

Examples of Overhead Expenses

Your general contractor organizes your project. He or she will ensure the work gets completed on-time. The contractor arranges service providers – like an electrician, construction crew, and tile-setter – to ensure your project is finished according to specifications, a budget, and a schedule.

Contractors, understandably, do not work for free. They’re expected to take a certain profit from their projects. Contractors also have overhead expenses. That’s why we call it “overhead and profit”.

Some examples of overhead expenses include:

• General and administrative expenses
• Office rent and utilities
• Office supplies
• Salaries and benefits for office personnel
• Depreciation on office equipment licenses
• Advertising

All contractors are entitled to a profit. They’re also entitled to have their overhead expenses covered.

How Do Insurance Companies Calculate Overhead & Profit?

The ultimate point of overhead and profit is that there’s a certain chunk of money that doesn’t fit into the “actual cash value” of your home. Your insurance policy covers the cash value of your losses – but it might not clearly define how much profit a contractor can earn, nor does it cover the contractor’s overhead expenses.

Most property insurance companies provide coverage for replacement costs. However, few insurance companies are contractually obligated to pay more than the actual cash value at the time of the loss. For more in depth information also see Actual Cash Value Vs Recoverable Cash Value.

The big debate boils down to this:

Should a contractor’s overhead expenses and profit (O&P) be included in the actual cash value (ACV) of your loss during an insurance claim? Should your insurance be required to pay O&P? Or are you expected to pay O&P out of pocket?

To answer that question, insurance companies, public adjusters, and policyholders have turned to the courts.

How Does the Law Measure Actual Cash Value?

The central debate of this issue is whether or not the law includes O&P in ACV. To answer this question, courts have developed three primary ways to measure ACV:

Market Value Rule: If the court measures ACV under the market value rule, then ACV will be calculated as the difference between the market value of a property before and after a loss. In other words, it’s the difference between what a buyer would be willing to pay for the property before the loss and after the loss, assuming the buyer has cash in a free and open market.

Broad Evidence Rule: Some courts use the broad evidence rule to calculate ACV. With this rule, consideration is given to every fact and circumstance that defines the value of a given property. The court takes “broad evidence” into account. Some of the items that may be assessed under ACV include the property’s original cost, replacement or reproduction cost, market value, income derived from use of the property, the obsolescence of the property (both structural and functional), depreciation and deterioration, and the opinion provided by qualified expert valuation witnesses.

Replacement Cost Minus Depreciation: Some courts reject both of the rules listed above. These courts calculate ACV based on replacement cost less depreciation. Under this rule, depreciation is deducted from the estimated cost to repair or to replace the damaged or destroyed property. After depreciation is subtracted from the repair or replacement cost, you get ACV.

Most Courts Require Insurance Companies to Pay O&P

The end result of everything above is simple: most courts in the United States have concluded that the insurance company is required to pay GCO&P “in cases where the use of a general contractor is reasonably likely in repairing or replacing a covered loss”– regardless of whether or not the homeowner intends to use a general contractor.

However, some policyholders have to fight for additional compensation. Sometimes, an insurance company will refuse to pay GCO&P.

How to Proceed If Your Insurance Company Isn’t Paying O&P

In some cases, your insurance company might refuse to pay overhead and profit.

In this situation, you may wish to hire a public adjuster. A public adjuster works on your behalf to negotiate with the insurance company. These qualified, certified experts have a proven track record of winning higher claims for clients.

If the insurance company continues to refuse your O&P claim, then you may wish to hire an attorney.

Ultimately, not all insurance companies will pay overhead and profit on your property damage claim. However, with a good public adjuster or attorney, you can fight for every penny you’re owed according to the terms of your insurance contract.

Contact a qualified public adjuster through ClaimsMate today by filling out our free online form.

Original Post Here: Everything You Need to Know About Overhead & Profit (O&P) in a Property Insurance Claim