Wondering what a public adjuster can do? The short answer is that they can help individuals, families, and organizations receive the insurance settlement they deserve. If a vehicle has been damaged in a car accident, or home was damaged by a storm (among other things), insurance policy owners will typically turn to their insurance provider to recoup damages.
How much will the policyholder get? That depends on a variety of factors, including the details of your insurance plan, what’s covered, and what deductibles you might need to pay. Additionally, the value of both the property and the damage will have a big impact on the payout.
Unfortunately, sometimes insurance companies will try to underpay their clients, offering them only a fraction of what they deserve. Ultimately, insurance companies want to make as much profit as possible. Quite simply, they’ll try to maximize how much money they bring in through premiums and the like while minimizing how much they pay out.
In some cases, insurance policyholders end up getting shortchanged, being paid only a fraction of what they’re owed. Fortunately, a public claims adjuster can help ensure that you get the full payment you deserve.
Further, honest mistakes happen, and an insurance company may simply underestimate how much a repair will cost or how much something was worth. The company might be relying on old data, for example, that underestimates repair costs. Fortunately, public adjusters are often apprised of current market conditions, including how much a repair might cost and how much a property is worth.
Understand the Insurance Process
We’ll get into specifics in a moment, but in general, public claims adjusters can help their clients understand the entire insurance process. Some people may get through life without having to file an insurance claim. Those who do have to file may it overwhelming.
You can contact MAXOUT for a risk-free consultation with a public claims adjuster. We’ll be happy to answer your questions and provide assistance.
Public Claim Adjusters Can Advocate on Your Behalf
Negotiations can be quite stressful. For one, a lot of money may be at stake. Indeed, your entire livelihood could hang in the balance, especially if your business or important professional equipment has been damaged or stolen. For many families, their home is also their most valuable investment.
Given the high stakes, even relatively straightforward negotiations could become quite stressful. A public claims adjuster can negotiate with insurance companies on your behalf. Not only will this reduce emotional stress, but great public adjusters won’t cave to pressure and pushy tactics.
As a result, clients often enjoy a better insurance payout. This way, you’ll get more money to pay for repairs and damages.
Extensive Documentation Mitigates Risks
Evidence is very important not just in the court of law but also when settling with insurance companies. The more evidence, and thus the more documentation you have, the better. A public adjuster knows the ins and outs of documenting damages.
Most likely, you won’t end up in court with an insurance company. However, you’ll still want to gather the needed documentation and evidence to win a court case. Once insurance companies see the documentation and evidence, they’ll be more likely to settle and to settle on your terms.
Find the Right Contractors Quickly and Easily
If your home, business, or other property has been damaged, you’ll likely need to find contractors who can perform the necessary repairs. A public adjuster will often have preestablished relationships with contractors who they know will do a good job and charge a fair price.
Often, public adjusters will bring in contractors to get exact repair quotes. This way, they’ll have a firm number and professional opinion when it comes time to negotiate with insurance. Once a settlement has been reached, you can then use the money to hire a contractor, potentially including the one who provided the initial quote.
This will save you the time and stress of finding a contractor. You’ll also have an easier time finding someone who can get the job done within budget.
Contact MAXOUT to get the insurance settlement you deserve. We provide no-obligation consultations.
