What do public adjusters do?
Public adjusters are actually a great resource. You use them to go in, quantify your claim, and take measurements of the damage and package it to present to the insurance company.
What information do I need to report my homeowners’ insurance claim?
You should know a basic description of what occurred, the damage you sustained and when it occurred. Relay this information to your agent or directly to your insurance company and try to give them as accurate a description as you can when they ask you about the loss.
What is the duty of cooperation?
The duty of cooperation is a duty that every insured, or policy holder, has under their policy, and it obligates the policy holder to reasonably cooperate with their insurance company when the insurance company is investigating a claim. Even though you have this duty, if you have any questions about what the insurance company… Read More »
Who can I call with questions about my homeowners’ insurance claim?
If you have a claim under your home owner’s insurance policy, you may contact your insurance company directly, you may contact your insurance agent, or you may contact a professional such as a public adjuster or a qualified attorney who can answer your questions regarding your claim.
What does business interruption insurance really cover?
Business interruption insurance is designed to cover for the risk of financial loss that a business sustains after its property has been damaged and it can not be used for its purpose.
What information will I need when I meet with my claims adjuster?
When you meet with your claims adjuster, you’re going to need to know information about the claim: when it happened, what occurred, and what areas were affected. Your adjuster will inspect the damage and may request certain documents or photographs. If you have them, provide them.
What is the insurance company required to do if I notify it that I have a claim?
The first duty your insurance company has is to investigate your claim and determine what you’re entitled to under your policy. It also has a duty to communicate and act within a reasonable time.
Who is an insured under the policy?
You’re going to want to look to your policy to determine what and who in fact meets the definition of a named insured. Generally speaking, though, the named insured is going to be the owner of the property, their spouse, as well as any close relatives that reside at the home.
What does it mean to bind insurance?
Binding insurance is when the insurance company becomes obligated to you, pursuant to your insurance contract. It doesn’t necessarily mean that you have executed a contract, but you have gotten a representation in some form from the insurance company that insurance is in effect.
What is a bad faith claim?
A bad faith claim is a claim for damages that are not covered under your insurance policy. Bad faith damages arise when an insurance company has not treated its insured fairly.