In the News - Updated Daily
Week of May 12
Property insurance increases in the cards for local governments
Local governments are seeing sharp increases to premiums for property insurance, some as high as 20 percent. A combination of a premium holiday in 2010 necessitated by the Great Recession, followed by an unprecedented level of claims the next year, has depleted reserves of the Local Government Property Insurance Fund administered by the state’s Office of the Commissioner of Insurance.
Why Hire a Public Adjuster?
Public Adjuster Claim Services number one goal is to achieve the highest recovery for our clients' insurance claims. Whether you have experienced a flood, fire, hurricane, or other calamity our professionalism, expertise, and dedication to service will assist you through your time of crisis.
Let Us Help You!
Most consumers only experience with the insurance industry is through contact with their insurance agent. When a claim occurs most individuals reach out to their agent to help them through the claim process. Unfortunately insurance agents are merely salespeople for their insurance companies and do not handle claims. Insurance claims are handled by insurance adjusters. All insurance companies maintain claims departments with very knowledgeable highly skilled claims adjusters whose primary responsibility is to settle claims. These adjusters are usually career employees who have been trained by their respective companies to adjust claims in the light most favorable to their companies. Bottom line: Their job is to attempt to save their company money in the settling of YOUR CLAIM!
The law in most states requires insurance companies to pay claims promptly. However insurance companies have the right to investigate claims and frequently invoke certain provisions of your insurance policy that delay the claim process. During the claim process the insurance company has the right to demand certain documents from you and may require a sworn statement from you before addressing whether or not they will honor your claim. Failure to provide certain documentation and to appear at the statement requested by your insurance company may severely jeopardize your claim. Many times the insurance company adjuster will request for you to provide an examination under oath at their attorneys’ office. Without proper representation seemingly innocuous questions have implications and may elicit responses that will jeopardize the value of your claim. A prolonged investigation can delay your claim at a crucial time when you need to get your business back on track.
Most states have laws that require insurance policies (contracts) to be written in plain, direct and simple language. However, the reality is that these policies are contracts drafted by the insurance companies lawyers and are very complex and confusing to individuals who are not familiar with them. The insurance adjuster has been trained to read and interpret these insurance policies. An insurance adjuster will resolve all policy interpretations in favor of the insurance company. This is true even when state laws require that all policy interpretations be resolved in favor of coverage for the insured, YOU!
Like every vocation there will be honest adjusters and there will be unscrupulous adjusters. Which one will you get?
It is so important to retain an expert that works for you and fights for your interests. Hire a licensed Public Adjuster as your advocate in the claims process.
At Public Adjuster Claim Services we represent the interests of the policy holder, YOU! Not the insurance company. We can advise you on all issues of your policy including its interpretation and coverages. We will properly document your claim and help you submit all the required documents to your carrier. With our knowledge and experience of the claims process, we will negotiate directly with the insurance company to provide you the highest possible recovery for your loss.
DISCLAIMER: Although the principals of PAC are licensed attorneys. PAC does not provide legal advice or representation to it's clients.