To be on the safe side in case your property gets damaged, purchasing insurance packages is definitely a good idea. Your insurance packages should work in your favor and compensate for the losses when your property gets damaged due to accidents, but that might not always be the case. Insurance companies are independent businesses, and they profit from not providing you with large sums of compensation money. More often than not, insurance companies try to find loopholes in your claims so that they can avoid paying you a lot. That’s why you need help from a public adjuster.
Here are the top reasons why you should hire a public adjuster to get you the best deal out of your property insurance settlement:
Your Interest First
Your insurance company is supposed to work on your behalf, right? Not true. Insurance companies have a vested interest in depriving you of the money which you actually deserve. In fact, they also hire adjusters to make sure you receive less than what they’ve promised earlier. More often than not, you will end up losing money for not being able to file the claim properly. After all, you are not a professional who makes a living by filing insurance claims. For your lack of experience, insurance companies might take advantage of you.
This is where a public adjuster comes in handy. As you are paying the adjuster for putting your interest before the insurance company, their incentive is helping you only, not the insurance company. Moreover, if they can get what you want, you are more likely to refer them to more clients and give them a positive review. So, they have every reason to put you first before anyone else.
Settlement Maximization
Look, professional public adjusters are specifically trained to deal with issues like yours. If you hire an experienced one, it is very much possible that they have filed exact same claims like yours. For example, if your property gets damaged due to an accident like a fire outbreak, a public adjuster who has dealt with fire outbreak damage claims in the past will know exactly what to put in your claim. They understand the real worth of the damage that has been caused to your property. In addition, a lot of your small out of pocket expenses will be avoided with an adjuster’s suggestions. This might save you a whole lot of money.
Rational Decisions
One of the main reasons why property owners file insurance claims full of loopholes because of their emotions. It is understandable that owners develop emotional attachments to their property over time, and feel really devastated when property damage happens. The emotional side of things can lead to taking wrong decisions. There are instances where property owners agreed to settle for way less than the actual value of their damaged property, just because they wanted to get it over with as soon as possible. If a public adjuster is hired, chances of losing out on money for emotional reasons are very slim. An adjuster will keep emotions aside, and file such a claim which will ensure the maximum output.
Ease Legal Complications
You might not know the legal boundaries of insurance claims very well. This is understandable, as you did study or work for it. Adjusters, on the other hand, have decided to make a living out of insurance claims, and they are supposed to know the ins and outs of local insurance laws. This is extremely important, because for your lack of knowledge you might put something in your claim which is not supported by your local insurance laws. The insurance company will definitely try to take advantage of such mistakes in your claim, and strip you off the amount you deserve. With the help of an adjuster, you will be able to file a claim which has a solid base and no legal complications. You should seriously consider this, because such mistakes might cause you to lose more money in the form of fines.
No Advance Payment
While some adjusters prefer getting paid a lump sum of money regardless of the size of the insurance claim, most of them prefer getting paid only after the settlement has been made. This means, you can hire an adjuster on a contingency basis, and decide to pay after the settlement. In deals like this, the adjuster will get paid a certain percentage of the total money you receive from your insurance company. This means, the more you get, the more they make. This is why your adjuster will try their best to give you a great deal.
Some property owners believe hiring a public adjuster is a waste of money because their insurance company is enough to cover insured property damage. This is clearly not the case. Hiring a public adjuster significantly increases your chances of getting a fair amount for property damage.