What Is an Insurance Adjuster and Are There Alternatives? |
Posted: March 7, 2019 |
Damage from a fire or flood is going to be expensive. You need to repair your home, replace all of your contents damaged by the fire or flood, and find somewhere else to live while the repairs happen. The repairs alone can cost a significant amount of money. Eighteen inches of flood damage can cost over $25,000 to repair, plus additional living expenses and the cost of replacing personal contents. Fire and smoke damage can cost anywhere from a few hundred dollars to hundreds of thousands on a full rebuild depending on the severity of the fire. When you make a claim with your insurance company, you will have to talk to an insurance adjuster. They will review the damage to your home, your Schedule of Loss (a list of all the personal property lost to the fire or flood that’s covered in your insurance policy), and your additional living expenses (the cost of living away from your home while it’s being repaired).
What types of insurance adjusters are there?
You will have to deal with at least one adjuster while navigating your claim: either a company or independent adjuster; remember, either one works for the insurance company and acts in their best interest. Don’t forget that the insurance company wants to save money and may be offering compensation that’s less than fair. The only type of adjuster looking out for your best interests, if you choose to go that route, is a public insurance adjuster you hire. Where can you go to in regards toyour fire or flood insurance claim? A law firm specializing in fire and flood home insurance claims would be a helpful place to go. Unlike a public insurance adjuster, a home insurance lawyer cannot only handle mediations, but they can use their legal knowledge to navigate the informal negotiations in a smoother fashion with their skill and legal knowledge. A lawyer can handle the mediation portion of the claim and even a lawsuit if it comes to that, but this is a last resort; you’ll see that law firms that specialize in fire and flood insurance like Virani Law prefer negotiation. The power of having a lawyer on your side can also prompt insurance companies to provide a more generous offer in order to avoid mediation or litigation altogether. With a lawyer already at the table, insurance companies take your concerns seriously. There are not many firms that specialize in flood and fire insurance, but one Canadian example is Virani Law. They can help you through the process of filing your insurance claim and negotiating with the insurance company for a fair settlement. The sooner you call a lawyer for help, the less stressful navigating your claim will be. A law firm practicing insurance law can help you get a fair deal from your insurance company. Review your claim with a lawyer and negotiate a better deal.
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