Private Adjuster In NC Increases Business Claim Settlement By $136k 0

Private Adjuster Business Claims Help

Private Adjuster, NC:  A windstorm can bring about widespread damage. Unfortunately, one coastal hotel learned the hard way that their second issue would be dealing with their insurance company. The Best Western Hotel suffered extensive damage to the roof, from Northeastern windstorm. In addition to the roof, there were nine to twelve rooms inside the hotel that were affected. Breaches in the roof caused significant interior damages as well. It wasn’t long before the damage started affecting the business. The owners knew they had to get the hotel back in shape, quickly.

However, after the first meeting with the insurance company adjuster, the owners of the hotel quickly realized that they needed assistance. They felt they had no choice but to hire a professional Private Adjuster. The hotel owners were forced to deal with the short cummings of the insurance company. (Private Adjusters are legally known as Public Insurance Adjusters.)

The adjuster sent to the property by the insurance company was not very knowledgeable about the kinds of roofs available in the market. Nor, did he know the labor and material prices for the replacement of such a roof. He grossly underestimated both the exterior and interior damages and came to a final settlement amount just under $94,000.

Are Public Adjusters Worth It?Are Public Adjusters Worth It?

The Private Adjuster selected by the hotel owners had no choice but to prove through testing and evidence what the real value of the damages were. The Private Adjuster selected top engineers and contractors who also played the role of a construction consultants. Thermal imaging tests and core samples were also taken to support the claim. Moisture mapping was provided to properly estimate the actual damage to the building. The final estimate for both the exterior and interior damage by the Private Adjuster exceeded $230,000.

The efforts of the Private Adjuster and the Public Adjusting Firm resulted in a $136,000+ increase in the claim settlement. That is a whopping 144.68% increase over the original offer of $94,000 from the insurance company.

Benefits Of Hiring A Private Adjuster

In the end, the hotel owners finally received the full amount they were due from the insurance company. One owner stated, “We would have never been able to restore the building if it wasn’t for our Public Adjusters assistance. And, we could have never done this alone.”

It is not always simple to obtain a proper value of damages to buildings from windstorms. Materials come in different price ranges, and rebuilding a commercial structure takes a lot of financial resources. By conducting the appropriate testing and presenting proof that validated their claims, the Private Insurance Adjuster was able to secure a fair claim amount for their client.

If you suffer storm damage from wind, hail, hurricanes, or tornadoes consider speaking with a Private Adjuster to find out where you stand. Each policyholder and claim would require weighing the public adjuster pros and cons as each claim must stand on its own.

(C) For The Public Adjusters, Inc. is a North Carolina based Public Insurance Adjusting Firm. Feel free to contact us about any insurance claim issue you may be experiencing.We will answer all your claim question FREE of charge. NO Sales Pitch, No Pressure, Just Answers!
Call 919-400-6440 or request your No Cost, No Obligation Claim Review by filling out the FREE Consultation form.

For The Public Adjusters, Inc.
Serving NC, SC, VA
Ph: 919-400-6440
Fx: 919-578-5567
info@forthepublicadjusters.com

Benefits of Hiring a Public Insurance Adjuster 0

Public Insurance Adjusters

Property damage, large or small, has always been a stressful one for homeowners. In addition to the stress of the damage incurred, there is the trouble of with your insurance company adjuster, which can make the stress even more difficult. In most cases, especially with larger claims, it’s a good idea to consider the services of a public insurance adjuster.

Why Consider Hiring a Public Insurance Adjuster

A skilled public insurance adjuster makes sure that your property damage claim does not end up becoming critical or uncertain. Moreover, they also take the effort to provide a concise explanation of what your policy covers and what you truly deserve as compensation. They also use detailed research and documentation of the damage incurred to your property. This will help for a more accurate estimation of your damages. To get a fair settlement, you need to know your rights. A public insurance adjuster can help make sure of that. In case you don’t know what you need and how to ask for it, you may get overwhelmed by the sheer amount of information requested or provided and surrender what you are owed too easily.

Not even your public insurance adjuster knows the turnout of your claim settlement before the negotiations begin. No one can anticipate to what length either party will give into each other’s demands. Experience and knowledge usually become the negotiating power which results in a closed claim file. As the claim is investigated, the facts always rise to the surface. Claims negotiation should always be approached from a position of knowledge and strength which is exactly what a public insurance adjuster brings to the table. You can’t afford to negotiate from a position of weakness because you will lose before you even begin.

Your Public Insurance Adjuster Knows How To Deal With The Insurance Company Adjuster – It’s Your Public Adjuster vs Insurance Adjuster

Insurance company adjusters facing an experienced public insurance adjuster are held to a higher standard. It results in a more cooperative give or take. With this being the case, there is a strong probability that each party will go all-out to accomplish their common goals and achieve a fair settlement to all parties. The average homeowner ends up dealing with one claim at a time following an incident. The physical stress leaves most people in a state of confusion. Which means that they do not measure up under such circumstances.

It’s normal to see people in a state of confusion, shock, and helplessness after a large loss like fire damage. A professional and experienced public insurance adjuster is required not to be emotionally attached to this situation. They are used to going into the claims negotiation with a level head and maximum competency. Take comfort in the clear knowledge that a public insurance adjuster is there to protect your interest even if the unthinkable happens.

A public insurance adjuster is not a lawyer or an attorney, though an attorney can be a public insurance adjuster. The public insurance adjuster is a trained negotiator in how to estimate a property loss claim and insurance contract. However, since they are not lawyers, their fees are relatively lower.

Here are the Top Benefits of A Public Adjuster

Benefits Of Hiring A Public Insurance AdjusterWhy should you pay full attention to hiring a public insurance adjuster? The sole reason can only be identified by the fact that a public insurance adjuster works for you (the policyholder). Whereas, the insurance company adjuster “works” for the insurance company. Your selected adjuster makes sure that your interest is best represented. Public insurance adjusters also ensure that the insurance company gives a positive and fair settlement to the policyholder. Let’s take a quick look at the benefits of hiring a public insurance adjuster:

  1. Public Insurance Adjusters Are On Your Side: The insurance company will send insurance adjusters that work for them who have the company’s best interest at heart. Unlike the insurance adjuster, public insurance adjusters work with your interest in mind.
  2. Public Insurance Adjusters Save Time: By employing the skill of a licensed public insurance adjuster, policyholders can look forward to settling issues without any hassles. You won’t need to deal with the demands for information and documents from your insurance company. Your skilled public insurance adjuster will ensure that all that is taken care of, by organizing and managing your claim. In the process decreasing the time of handling claims issues.
  3. Public Insurance Adjusters Deliver Expert Claim Processing: Insurance policies can be difficult to comprehend, and without adequate knowledge, it can be easily misinterpreted, and in the process, you may give out the wrong information. However, with the help of a professional adjuster by your side the whole process of settling a claim becomes easier (for you at least). From professional supervision for processing your claim right to documenting all the information. Your adjuster will make sure it’s an easier ride for you.
  4. Public Insurance Adjusters Offer Prompt Claim Resolution: This is another top advantage of hiring a public insurance adjuster. From establishing your claim, processing the paperwork, to negotiating with your insurance company, an adjuster takes care of it all. Hence, paving the way for fast claim resolution. When it comes to settling claims, seeking the advice of a skilled public insurance adjuster is highly recommended. This ensures you won’t lose more than just your damaged property.
  5. Public Insurance Adjusters Protects Your Rights: Being a policyholder, you have some rights that should be preserved or protected. This is where it becomes paramount to employ the services of a public insurance adjuster. They can best value your claims by having the knowledge of what is expected of you by the insurance company. As a matter of fact, having professional help at your fingertips can help you protect the rights at best.
  6. Public Insurance Adjusters Ensure Fair Claims Value: In addition to all the benefits mentioned, a skilled public insurance adjuster will ensure a fair claim value. With all these benefits combined, you can acknowledge the importance of hiring not just any insurance adjuster, but a skilled public insurance adjuster. Hiring a public insurance adjuster, that solely represents your interests,  is seen to be a practical approach, as well as a good financial approach.

Many people ask, “Are public adjusters worth it?” See for yourself how this United States Marine from Jacksonville, NC had her fire damage claim increased by over 134% by using our public adjusting services.

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Benefits of Hiring a Public Insurance Adjuster

Also see:
Should I Use A Public Adjuster
Public Insurance Adjuster Reviews

(C) For The Public Adjusters, Inc. is a North Carolina based Public Insurance Adjusting Firm. Feel free to contact us about any insurance claim issue you may be experiencing.We will answer all your claim question FREE of charge. NO Sales Pitch, No Pressure, Just Answers!
Call 919-400-6440 or request your No Cost, No Obligation Claim Review by filling out the FREE Consultation form.

For The Public Adjusters, Inc.
Serving NC, SC, VA
Ph: 919-400-6440
Fx: 919-578-5567
info@forthepublicadjusters.com

Bad Faith Lawsuit Against Allstate Insurance Upheld 0

Insurance Bad Faith

Insurance Bad Faith: Yet another story about how insurance companies attempt to bully people and under pay claims.

The U.S. Court of Appeals for the Ninth Circuit has affirmed a decision by the U.S. District Court for the Central District of California denying Allstate Indemnity Company’s motion for judgment as a matter of law (JMOL) and motion for new trial after a jury found Allstate guilty of bad faith refusal to settle under California law and awarded Carlos Madrigal, Richard Tang, and Anna Tang approximately $14 million in damages — plus interest.

Allstate had a “reasonable opportunity” to settle

The circuit court rejected Allstate’s contention that it was entitled to JMOL on the bad faith claim notwithstanding its rejection of Madrigal’s policy limits demand. The circuit court found that there was substantial evidence in the record from which a reasonable jury could have concluded that Madrigal’s demand presented Allstate with a reasonable opportunity to settle and that its rejection of the demand had not been compelled by a factor out of Allstate’s control, as the insurer had contended.

Next, the Eleventh Circuit rejected Allstate’s argument that it was entitled to JMOL because it could not have accepted Madrigal’s demand given that it had not expressly released Ms. Tang because of its obligation under California law to protect all of its insureds when settling claims.

The Texas Supreme Court has issued a decision setting forth five rules about statutory bad faith under the state’s Insurance.

Demand was reasonable – 5 rules of insurance bad faith, according to the Texas Supreme Court

The circuit court reasoned that a reasonable jury could have concluded that Madrigal’s demand was reasonable, triggering Allstate’s good faith duty to accept it, because the evidence did not permit “only one” reasonable conclusion that the phrase “appropriate release” in his demand impermissibly offered to only and exclusively release Mr. Tang.

In the circuit court’s opinion, a reasonable jury could have concluded that Madrigal’s demand (1) was directed to Mr. Tang (the known insured), but (2) incorporated a condition that Allstate provide an “appropriate release” that included other insureds (whether disclosed or not) whom Allstate may have deemed necessary for the resolution of the claim.

The circuit court decided that the district court’s decision had to be affirmed because it was “not ‘quite clear that the jury [ ] reached a seriously erroneous result’” regarding the meaning of “appropriate release” to find that Madrigal’s demand had been reasonable.

Insurance Bad FaithJury had “substantial evidence” of bad faith

In addition, the Eleventh Circuit was not persuaded by Allstate’s argument that it was entitled to JMOL on the bad faith claim because it had tendered the $100,000 policy limits twice to settle Madrigal’s demand in a reasonably timely fashion. The circuit court noted that whether an insurer had acted unreasonably, and thus in bad faith, in rejecting a settlement demand was “a question of fact for the jury.”

The court then added that the jury had substantial evidence from which it could reasonably have found that Allstate’s initial response — a rejection and counter-offer — had been unreasonable because, by that date, the most reasonable manner of disposing of the claim was by accepting the proposed settlement, given that Allstate’s claims adjuster had:

  1. (1) Found a previously-unidentified witness who had contradicted Mr. Tang’s version of events and who had placed responsibility for the accident on Mr. Tang;

  2. (2) Determined that Ms. Tang also could be liable under employer-employee liability;

  3. (3) Received medical bills and information about Madrigal’s uninsured status that led the adjuster and her colleagues to believe the Tangs’ exposure could be well above the policy limits and had advised the Tangs of the same; and

  4. (4) Declined to discuss or clarify potential compliance issues — even in writing as the demand letter allowed — with Madrigal’s attorney.

The Bad Faith Case

The case is Madrigal v. Allstate Indemnity Co., Nos. 16-55839, 16-55863 (9th Cir. June 15, 2017).

This story is originated from FC&&S Legal, the industry’s only comprehensive digital resource designed for insurance coverage law professionals. Visit their website to subscribe.

Steven A. Meyerowitz, Esq., is the director of FC&S Legal, the editor-in-chief of the Insurance Coverage Law Report, and the founder and president of Meyerowitz Communications Inc. Email him at smeyerowitz@meyerowitzcommunications.com.

Also see these related stories of insurance companies paying for their mistakes:

(C) For The Public Adjusters, Inc. is a North Carolina based Public Insurance Adjusting Firm. Feel free to contact us about any insurance claim issue you may be experiencing.We will answer all your claim question FREE of charge. NO Sales Pitch, No Pressure, Just Answers!
Call 919-400-6440 or request your No Cost, No Obligation Claim Review by filling out the FREE Consultation form.

For The Public Adjusters, Inc.
Serving NC, SC, VA
Ph: 919-400-6440
Fx: 919-578-5567
info@forthepublicadjusters.com

WEATHER CHANNEL: Severe Storm Threat 0

Weather Channel reports a severe storm threat for tonight and tomorrow in many Northern and Southern states.

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Severe Storm Threat For Northern & Southern States
(C) For The Public Adjusters, Inc. is a North Carolina based Public Insurance Adjusting Firm. Feel free to contact us about any insurance claim issue you may be experiencing.We will answer all your claim question FREE of charge. NO Sales Pitch, No Pressure, Just Answers!
Call 919-400-6440 or request your No Cost, No Obligation Claim Review by filling out the FREE Consultation form.

For The Public Adjusters, Inc.
Serving NC, SC, VA
Ph: 919-400-6440
Fx: 919-578-5567
info@forthepublicadjusters.com

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