Insurance Claims Settlement Handled by Professional Public Adjusters and Why You Win
Insurance companies send their adjusters to handle your commercial or residential property loss, and that’s exactly why you need yours.
When it comes to insurance claims settlement, help from a professional adjuster and associated staff with a time tested organization behind them, is exactly what you need to come out on top. It goes without saying that the insurance companies operate with total bias. The process is rife with conflict of interest from the get go. The typical process starts with a phone call about a claim filing that leads to an event that has an adjuster, the insurance companies adjuster, assigned to your case. When that adjuster shows up, make no mistake about it, they work for the insurance company, that’s who pays them. Now it’s you on one side, and the insurance company and their adjuster on the other. The odds of favorable settlement just went in the wrong direction.
You need to put the odds in your favor. Just exactly how do you do that? You do that by hiring a qualified public adjuster who is working for you.
Remember the proof of damages in both residential and commercial claims, by contract and terms of the policy is on the policyholder. That’s why the adjuster who works for them is not bound to work for you. In order to properly settle your claim, you need to know several things that most policyholders just won’t know. In most, if not all cases, you will remain at a disadvantage throughout the entire claims process, thus resulting in a much lower claims settlement, one where you don’t recover in full for the loss incurred. That means out of pocket money down the road, or worse the inability to recover completely, in some cases this can be devastating to your business or life as usual.
How does this happen you may ask? It happens because policyholders are not lawyers, not contractors, not engineers, not CPA’s, and not nuanced in the finer details of insurance claim negotiations. In order to recover for full damages you need to know what those are. For starters there is the physical damage to your property. That can be very complex, in many cases there is damage that can’t be seen, such as water intrusion behind walls, corrosion to pipes and electrical, etc. You can often have foundation shift that is so small it is not detected by the naked eye and requires engineer’s inspections. Not knowing these “hidden” damages can be extremely costly in the long run and you can be left holding the bag on future expenses or property valuation issues.
Then there is the contracting component. We have all been through this before, get three bids and all three will be different. How will you know which one is the real one? Which one missed items? Which contractor is truly qualified to perform the work? Your insurance adjuster is hunting the lowest number, he or she will be happy with the lowest of your three, but what if that bid isn’t an accurate one, are you well versed enough to know? In most cases that’s a definitive no. In fact so much of the claims process comes down to the scope of work. You need someone on your side to ensure the scope of work is put forth appropriately so you recover for all damages under your policy.
Commercial and Business Insurance Claims
For business and commercial property owners this process is even more complex and filled with pitfalls. The damages are often in the millions and tens of millions of dollars, and the scope of work is often volumes of pages with everything from building repairs, to high tech equipment and machinery. But it doesn’t end there; there are business interruption costs, temporary working accommodations, and responsibilities on the part of the business owners that must be met to stay in compliance with the terms and conditions of the insurance policy.
Insurance Claims Settlement & The Art of Negotiation
Make no doubt about it this is a negotiation. Even if you were to get everything else right, there is still the inevitable truth that the insurance company is going to want to mitigate their loss. How do they do that? They do that by denying your claim or contesting the damage value. They use your lack of knowledge in the above areas, as well as a lack of understanding surrounding the rights you are given under your policy to negotiate you down. You need someone on your side that understands the law, the policy, and the damages, so they can negotiate your settlement to proper valuation under your policy.
Your insurance claim settlement is an intricate process that involves several complex steps in conjunction with a finely crafted negotiation with your insurance company’s representative. Put the odds of favorable settlement in your corner by hiring WorldClaim as your public adjuster. You will be glad you did.
Let WorldClaim, their nearly 4 decades of experience, and their team of dedicated insurance adjusters and support staff help you settle your insurance claim from start to finish and see the difference a professional public adjuster can make in your claim. With operations and company owned resources on 5 continents, serving all 50 states, North America including Canada and Mexico, as well as a myriad of countries abroad, you will have one of the largest global claims management companies on your side. This experience in handling so many claims over the decades ensures your representation will be second to none. Worldclaim has handled over 4 Billion USD in claims settlement, and includes in it’s client stable many fortune 500 brands, celebrities, professional athletes, country, state and local governments and municipalities, as well as every day people who just need help during very trying and challenging times. Whether you are a large multi-national company looking to ensure prompt and precise settlement to keep your business process in tact, a mall property management company looking to get it’s store owners up and running as soon as possible to limit business disruption, or a homeowner looking to ensure your mountain side retreat stays as just that, you can rest assured our public adjusters and supporting staff members will be 110% committed to servicing your claim, and getting what you deserve under the terms and language of your policy based on the damage at hand.
- Licensed Public Adjusters since 1979
- $4 Billion in Claims Handled
- Claims Operations on Five Continents
- Claims Operations in all 50 States
- State Supreme Court Victory
- 500+ references from satisfied clients
- Completely in-house team
- Sole Preferred Vendor for Major Brands
- Trusted Celebrity Division