An accident or other mishap concerning your business is never an ideal situation; however, the reality is that inclement weather, system failures, and other incidents happen. In these moments, having someone to work on your behalf with the insurance company is especially important. A public adjuster can stand in and serve this need for you.
Analyze Damage
A public adjuster will analyze the level of damage you have sustained to your property, on a more detailed scale. From taking pictures of the damage to having a professional come out and detailed the loss, the adjuster ensures that all damage is reported and documented to ensure your claim is accurate. This step is critically important to ensure you aren't missing anything that will come back to haunt you later.
Create A Damage Estimate
Public adjusters can also perform damage estimates. No matter the extent of the damage or value of your policy, the insurance company will require that you have an estimate performed to highlight the extent of damage, as well as the cost to repair the damage. However, it's important to note that you don't have to rely on the adjuster for estimates. In addition to performing their own estimates, the adjuster can also review any estimates you obtain on your own.
Assess Your Financial Losses
After an accident, property damage is only the first layer of loss. Financial losses also occur, such as days of lost revenue from being forced to shut down to lost materials; a public adjuster will look at the damages and compare this information to your financial data sheets to determine how much of a financial loss you suffered as a result of the incident. This information will help ensure you're properly compensated for all your losses, not just those that you can see.
Submit Claim
It's often a challenge not just to deal with the damage, but to also file a claim with the insurance company. A public adjuster will also take over this task for you. The adjuster will collect all of this information to prepare and submit the claim on your behalf, and since the adjuster is a professional, you will have greater confidence that the claim is accurate. Public adjusters will also monitor the progress of your claim as you go forward and keep you abreast of any additional information you need to submit or any changes.
Make sure you have an advocate on your side in the form of a public adjuster to help you work with the insurance company and get the compensation you deserve. Contact a company like Concordia Claims Managers for more information and assistance.
Share26 February 2018
Like many new homeowners, when my husband and I purchased our first home, we were on a tight budget. We knew we needed a good home insurance policy, but we had a difficult time finding one that provided the coverage we needed in our flood prone area of the country at a price we could afford. We spoke to many insurance agents and finally found one that covered everything we needed at a reasonable price. We learned a lot about home insurance along the way, and we are eager to share what we have learned with other new homeowners who need the advice! We plan to post new home insurance tips and news often, so come back soon!