Stating the obvious: insurance only matters when you need it.
๐ผ๏ธ The big picture: The process of filing a claim lacks clarity and certainty, often leaving the insured in a weak position.
- Not knowing what to do or where to turn for resolution.
๐ฌ Zoom in: For this example, weโre focusing on homeownerโs property insurance.
- The 2 foundational elements of every claim are:
๐ Prove the loss โ> Was there a singular event that caused coverable damage?
- If a tree knocked your fence down on Friday and hail damaged your roof on Sunday, those are 2 events โฆ meaning 2 separate claims.
๐ Define the scope โ> What materials and labor are required to return your home to pre-loss condition?
- Even if a tree only damaged the left slope of your roof, your roof is a system and insurance will often pay for the whole roof to be replaced
๐ฅ Reality check: Results vary widely.
- From one insurance carrier to another.
- AND from one adjuster to another working for the same carrier.
โ For your Smart Homeowner list
- Itโs critical to work with a contractor who knows how to interact with your insurance carrier WITHOUT crossing the line into the practice of โpublic adjusting.โ
- In complex situations, youโre best resource is a licensed public adjuster (PA) who can legally review and advise you based on your policy.
- A PA can either work on your behalf (typically on contingency) or can point you in the right direction โฆ appraisal, legal, etc.
Best,
Travis
๐ฆ Pro Spotlight
Chris Patterson is a licensed public adjuster, consultant and estimator Iโve worked with for the past 5 years. His knowledge, expertise, passion, and follow through put him in elite company.
Whether youโre in the middle of a claim or just want to know how you would be covered in the event of a claim, reach out to Chris for a consultation โ> 972-741-4851 or shgestimating@gmail.com.