Do I need to have a Insurance Public Adjuster?
Depending on the terms and conditions of the insurance policy a formal request might be made to an insurance carrier requesting financial benefits. This is known as filing a claim. Before any insurance claim can be paid out to the insured party the claim must be analyzed and approved. Then the funds can be released.
Policy holders have to submit a claim by means of a formal application to obtain their benefits. The insured person must file a claim as the first step towards obtaining benefits. If there are third parties making a claim on behalf of the insured this will not be addressed until the claim has been filed and approved by the insurance carrier.
The insurance carrier that issues the policy will be paid monthly by the insured person, or a person on their behalf. This is whats called a premium payment. The insurance premiums paid are not held in account for the insured. They are actively used to settle other claims and to build up equity in the company. It is furthermore used whenever the insured has a financial accident, such as a pipe bursting. An insurance claim can be filed for approval when any of this happens to the insured party.
The claims are usually initiated by submitting an online application or making use of the toll free number and calling the insurance carrier. There are other authorities who may take care of the filing of claims also, including an attorney at law. Remember, if the claim does not come under weather or "Act of God" then it can increase the premium amount.
As part of the assessment process, the insurance carrier could have the damage evaluated by an adjuster. This will supply them with an assessment of both damage and also repair cost. The adjustor will make sure the problem was caused by what the claimant is saying and will check to make sure general contractors are not inflating their prices. If you are filing a claim you need to understand the adjustor works for the insurance carrier. They are usually going to accept whatever he says. Sometimes things might be underpriced, or even disregarded, by the adjustor so you need a person reviewing the method also.
Insurance claims are not always recognized by the company and there might be several reasons behind this. If the payments weren't kept up they do not have to honor the claim. You might have "endorsements" on your policy that don't include specific things from being part of the claim. When filing you must remember there are covered conditions listed on the insurance policy. Things not listed may not be covered. If the reason for the claim is recklessness then the claim may not be approved. Acts of God may in addition prevent the claim from getting approved. The policy will list precisely what is covered and what is not and the benefits for the different areas of coverage. The pay-out is the outcome of a claim. And until the claim has been analyzed and approved benefits are withheld. If you are rejected a claim you may not be in the wrong. Have a skilled person take a look at claim and policy as often insurance firms do reject legitimate claims.