THE JULY ISSUE OF I.I.I.’S LATEST STUDIES DIGEST

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

In this issue:

• Marsh & McLennan on directors’ risk
• Lloyd’s of London’s 2018 City Index
• Zurich on resilience against big weather events
• Governors Highway Safety Association on drug impaired driving

And much more…..

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Having a problem with an insurance damage claim? Learn What ClaimsMate.com Can Do For You

THE JULY ISSUE OF I.I.I.’S LATEST STUDIES DIGEST was originally posted by ClaimsMate.com Insurance Information Resources

Public Adjusters in Brownsville Texas

Hiring a public adjuster in Brownsville, Texas could be one of the smartest decisions you ever make. Let’s face it: most home and business owners aren’t insurance policy experts. When you hire a public adjuster, you’re getting a bonafide insurance industry expert on your side. That expert will negotiate with the insurance company on your behalf to ensure you receive the highest possible payout on your claim.

In most cases, a public insurance adjuster can help you secure a payout that’s significantly higher than the payout initially offered by your insurance company. That means more money in your pocket at a time when you need it most.

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There’s also the convenience factor: hiring a public adjuster takes away much of the burden of dealing with an insurance claim and obtaining a fair settlement. After a major incident or disaster, the last thing you want to do is negotiate with a greedy insurance company. By hiring a public adjuster in Brownsville, you can relax while a certified professional represents your best interests and secures the highest possible payout.

ClaimsMate in Brownsville Texas

Find Public Adjusters in Brownsville

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How ClaimsMate Provides Public Adjusters To Help

When searching for a public adjuster in Brownsville, Texas, you can depend on ClaimsMate. At ClaimsMate, we maintain a network of public adjusters across the state of Texas. Our public adjusters serve small communities and big cities across the state. Today, we proudly serve customers in Brownsville, TX and all surrounding communities. Whether you’re located within Brownsville or in any surrounding community in Cameron County, we can connect you with a skilled and licensed public adjuster quickly.

When to Hire a Public Adjuster in Brownsville Texas

Hiring a public adjuster can lead to an insurance claim payout that is much higher than the payout initially offered by your insurance company. However, public adjusters aren’t used for all insurance claims.

Typically, you hire a public insurance adjuster when the losses from the claim total more than $10,000. This is because public adjusters work on a contingency basis: they get paid based on a percentage of the final payout. This fee is discussed upfront. It typically ranges from 5% to 10%. You don’t pay your public adjuster a penny until you accept the final offer from your insurance company.

Some Brownsville, TX home and business owners will hire a public adjuster at the beginning of their claim. If you recently experienced damages related to a fire, flood, hurricane, hailstorm, or any other event, then you may wish to hire a public adjuster immediately to handle your claim from beginning to end.

In other situations, Brownsville policyholders won’t hire a public adjuster until after they’re submitted a claim with their insurance company. If you claim has been denied or the settlement offer is much lower than you expected, for example, then you may hire a public adjuster to maximize your compensation.

The sooner you begin your insurance claim, the easier the claims process will be. Enter your details into the form on this page to speak with a qualified public adjuster in Brownsville, Texas. We’ll connect you with a licensed public adjuster serving your community.

See Full Article Here: Public Adjusters in Brownsville Texas

Alice Texas Public Claims Adjusters

Easily find a qualified, expert public insurance adjuster in Alice Texas to assist with an insurance claim. At ClaimsMate, we maintain a network of qualified public adjusters located across the state of Texas. Today, our coverage area officially includes all of Alice, TX and surrounding communities within Jim Wells County. Whether you’re filing a homeowner’s insurance claim, a commercial property insurance claim, or any other type of insurance claim, it may be in your best interests to hire a public adjuster in Alice, Texas.

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How ClaimsMate Helps With Local Public Adjusters

At ClaimsMate, we serve large cities and small communities across the state of Texas and provide a no-cost search service. You can enter your contact information on this page to get started. We’ll then help you get connected with a public adjuster that is the best match for your claim in Alice, TX. Schedule a free consultation with the public adjuster to discover how they can help your insurance claim. A public insurance adjuster can provide a payout that’s much higher than the one initially offered by your insurance company.

Now, finding a public adjuster in Alice that can properly handle adjusting your claim doesn’t have to be difficult. Our handpicked, licensed adjusters have a proven track record of helping Texans manage their insurance claims. We strive to connect searchers with public adjusters who are qualified in their unique claims – whether it’s a hailstorm claim, flooding, fire damage, windstorm damages, or any other incident. No matter what type of insurance claim you’re dealing with, you can depend on ClaimsMate to find the perfect public adjuster for your situation.

ClaimsMate in Alice Texas

Hire A Public Adjuster in Alice Texas

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When to Hire a Public Adjuster in Alice Texas

Public adjusters can help home and business owners maximize payouts from their insurance company. However, public adjusters can’t be expected to work for free. Public adjusters charge on a contingency basis, which means they don’t get paid until after you accept the final settlement from your insurance company. At this point, the public adjuster charges a pre-arranged agreed upon fee, that is typically a small percentage of the total settlement. In most cases, this is the only fee charged by the public adjuster.

Because public adjusters work on a contingency fee basis, many adjusters only accept cases where losses total more than $10,000. Typically, you only hire a public adjuster for larger insurance claims – like cases where you’ve experienced major property damage.

Some Alice, TX home and business owners hire a public adjuster after there is a dispute with their insurance company. The company might be refusing to honor your claim, for example, or they might be dragging their feet on certain parts of your insurance policy or showing signs of acting in bad faith. In these situations, a public adjuster can help to negotiate with your insurance company to maximize your payout.

Alternatively, some public adjusters can manage your claim from beginning to end. They can take over all aspects of your insurance claim. You can gain a huge sense of relief while depending on a skilled professional to handle the intricacies of the insurance claim process and maximize your insurance settlement.

If you’re ready to get a fair insurance settlement or just need help with handling an insurance claim, then fill out the form on this page. We’ll connect you with a licensed public adjuster in Alice, TX motivated to tackle your insurance claim.

Learn More Here: Alice Texas Public Claims Adjusters

Public Adjusters in Harlingen Texas

Hiring a qualified public insurance adjuster in Harlingen, Texas to help with your claim doesn’t have to be difficult. ClaimsMate is here to help. We provide home and business owners with handpicked public loss adjusters serving communities across the state of Texas. Today, our coverage area officially includes residents of Harlingen, Texas and all surrounding communities. If you need a licensed public adjuster in Harlingen, TX, then you can depend on ClaimsMate to find the qualified professional you need.

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To connect with a public adjuster in your local area, simply enter your information and a few details about your claim into the form on this page. We can connect you with a licensed adjuster within minutes. Schedule a free consultation and discover how a public adjuster can help manage your insurance claim and maximize compensation. Our coverage area officially includes the entire city of Harlingen, TX as well as all surrounding communities within Cameron County and other nearby areas.

ClaimsMate in Harlingen Texas

Find A Public Adjuster in Harlingen

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Is Finding A Harlingen Public Adjuster Right For Me?

A good public adjuster will help you maximize compensation from your insurance company. In fact, a public adjuster can help you receive a payout up to 70% higher than what was initially offered by your insurance company. Many Harlingen home and business owners choose to hire a public adjuster after they notice their insurance company dragging their feet on a claim. Others hire a public adjuster immediately after experiencing a disaster – like a fire, flood, storm, tornado, hurricane or water damages.

Whatever the reason for your insurance claim may be, a public insurance adjuster in Harlingen, TX is a certified professional that can help relieve some of the burden while maximizing your payout for loss and damages. We work exclusively with public adjusters who have local experience and a proven track record. We want to connect searchers – at no cost – with public adjusters capable of maximizing insurance payouts.

When to Hire A Public Insurance Adjuster

Public adjusters are typically hired for insurance claims involving more than $10,000 in total losses. That’s because public adjusters get paid on a contingency basis: they charge a fee based on the final settlement offered by your insurance company. In many cases, your public adjuster won’t charge a penny until you accept the final offer from your insurance company. At this point, they’ll charge a pre-arranged fee of your final settlement. You can receive a higher insurance payout, your public adjuster gets paid fair compensation, and your insurance company is forced to abide by the terms of its contract. Everybody wins!

Public adjusters in Harlingen, TX can help manage all aspects of your insurance claim from beginning to end. You might hire an adjuster immediately after you experience a major disaster or loss. Or, in other cases, Harlingen, TX policyholders wait until their insurance company has denied all or part of their claim before they hire a public loss adjuster.

During a dispute, your insurance company might hire its own independent adjusters to analyze your claim. By hiring your own public adjuster, you can defend yourself against a greedy insurance company. Some insurance companies deliberately offer you a low settlement because they assume you’ll fight back or hire a public adjuster and negotiate, or simply accept their initial offer. That’s why many Harlingen, TX home and business owners are choosing to hire public adjusters.

Fill out the quick form on this page to connect with a licensed public adjuster in Harlingen, Texas in minutes!

See More Here: Public Adjusters in Harlingen Texas

Revised 2018 Hurricane Season Forecast

By Phil Klotzbach, lead author of the Colorado State University (CSU) hurricane forecasting team, and I.I.I. non-resident scholar. 

Colorado State University (CSU) released its updated outlook for the 2018 Atlantic hurricane season today, and they are now calling for a below-normal season with a total of 11 named storms (including Alberto which formed in May), four hurricanes and one major hurricane (maximum sustained winds of 111 miles per hour or greater; Category 3-5 on the Saffir-Simpson Wind Scale) (Figure 1).  This prediction is a considerable reduction from their June outlook which called for 14 named storms, six hurricanes and two major hurricanes.  Accumulated Cyclone Energy (ACE) and Net Tropical Cyclone (NTC) activity are...

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Having a problem with an insurance claim? Read More About How ClaimsMate Can Help

Revised 2018 Hurricane Season Forecast was originally posted by ClaimsMate.com Insurance Information Resources

Public Invited to Get Its Kicks on Route 66 with Campaign to Secure Federal Historic Designation

Today, the National Trust for Historic Preservation named Route 66 to its National Treasures portfolio and announced plans to pursue National Historic Trail status for one of “America’s 11 Most Endangered Historic Places.” The centerpiece of the campaign will be a month-long road trip to help preserve the “Main Street of America.” During the road trip, the organization will share the stories of historic sites along Route 66 and build support for the National Historic Trail designation.

“Driving Route 66 is the quintessential American road trip,” said Amy Webb, senior field director of the National Trust for Historic Preservation. “It is the most iconic, culturally-celebrated, and internationally-recognized stretch of...

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

Public Invited to Get Its Kicks on Route 66 with Campaign to Secure Federal Historic Designation was originally posted by ClaimsMate.com Insurance Information Resources

Homeowners Insurance Claim – Can I Do the Work Myself and Pocket the Difference?

If you recently received a payout from your homeowner’s insurance company, then you may be wondering if you need to use a third party repair company.

Are you allowed to complete home repairs yourself? Can you charge the insurance company for your own labor? Are you allowed to pocket extra money left over from your claim? Is it legal to profit from an insurance claim?

These are all good questions commonly asked by homeowners across the United States. Keep reading to discover the answers.

You’re Typically Allowed to Complete Your Own Repairs

In most cases, your homeowner’s insurance company will calculate the cost of completing work on your home. The goal is to pay you the exact amount it will cost to restore your home to its pre-loss condition.

Once these calculations are complete, your homeowner’s insurance company will send you a check for this exact amount. At this point, you can hire a contractor to complete repairs on your home. Or, you can complete the repairs yourself, hire a cheaper contractor, pay a skilled friend, or just leave your home as-is.

In other words: yes, you can profit from the insurance claim, fix your own home, and make the most out of your payout.

In fact, you can leave your home half-destroyed and take a vacation with the money, if that’s what you want to do.

However, there are a number of restrictions and things you need to know before you start messing with your policy like this.

If You’re Still Making Mortgage Payments, then Your Bank Can Require You to Fix Your Home

First, many people don’t totally own their own home. If your bank owns or partially owns your home, then your bank can decide to fix it.

If you’re still making payments on your home (or if you have taken out a second mortgage), then you’re not technically the full owner of your home. This is the same rule that applies to cars: you’re required to make car repairs when you’re still paying off your car loan because you don’t fully own your vehicle.

The lienholder – the bank or whoever actually owns your home – will likely require you to fix your home to its pre-loss condition condition.

The reason is simple: your home is the collateral for your loan. When that collateral is damaged, its value drops, and the value of the loan is threatened. Ultimately, if you’re still making mortgage (or second mortgage) payments, then your bank has the right to require work to be performed – and they may pick a certain person or company to complete the repairs.

Home Repairs May Be More Complex Than You Think

There have been plenty of homeowners who overestimated their home repair skills. You might have experienced a small problem with your home. You get a $10,000 check from your insurance company. You laugh and think that all you need is a trip to Home Depot and a few weekends of your own time to fix the problem.

The next thing you know, you’ve made the problem significantly worse and are spending more than $10,000 for a team of real professionals to repair the issue.

The fact is: home repairs are more complex than many people realize. Many homeowners undervalue the work required to restore their home to pre-loss condition.

If you underestimate the amount of work that needs to be completed on your home, then your insurance company might provide a smaller check than you need or deserve. That’s why it’s always a good idea to get an independent assessment after significant losses or damages on your own home.

If You Don’t Fix your Home Today, You Could Sacrifice Future Claims

There’s one final thing to note about pocketing the difference on homeowner’s insurance claims: if you don’t fix the problem correctly today, then you could be sacrificing future claims on your insurance policy.

After all, your insurance company provided you with the funds needed to restore your home to its pre-loss condition. After they provide these funds, they assume your home will be restored to its pre-loss condition.

If you suddenly experience another incident and need to make another claim on your insurance policy, then your insurance company might avoid covering these future damages.

Let’s say you suffered a small fire in your home. The fire damaged electrical wiring throughout your home. Instead of paying a professional, licensed electrician to do it, you hired your brother-in-law Dave to complete the repairs. Dave patched everything up and it all looked good. Then, a few weeks later, your home suffers an electrical fire due to Dave’s shoddy work. Your home burns down and you lose everything. In this case, your insurance company might not provide compensation because you didn’t restore your home to its pre-loss condition.

You Will Receive a Check for the Items in your Home, But You Can Decide How to Spend that Check

Your homeowner’s insurance policy might also cover the items inside your home. If your items are damaged, then your insurance company is required to send you a check for the value of those items.

However, the insurance company doesn’t require you to purchase those exact same items again. Instead, they’ll just send you a check covering the actual cash value (ACV) of those items. You’re free to spend that check however you like. You might choose to buy cheaper furniture, for example, and pocket the difference.

Conclusion

Ultimately, the insurance company is required to pay the exact amount of money required to make your property whole again. Your insurance company will give you a check to cover the costs of restoring your home to its pre-loss condition.

If your bank owns your home (like if you’re still making payments on your mortgage or second mortgage), then your bank may require you to make certain repairs from a certain contractor.

If you own your home outright, however, then you’re free to repair your home however you like. You can choose a cheaper contractor, for example, or repair your home on your own. You can even take the money and spend it on a vacation and avoid repairing your home.

However, if your DIY repair job or cheap contractor does a shoddy job, then you may not be able to file a future claim on your insurance policy. If you don’t restore your home to its pre-loss condition, then your insurance company might not cover future claims.

Ultimately, as long as you understand the rules and restrictions, you’re free to spend your homeowners insurance policy claim settlement however you wish. In most cases, however, your best option is to pay an experienced professional to repair your property to its pre-loss condition.

Article Here: Homeowners Insurance Claim – Can I Do the Work Myself and Pocket the Difference?