Fine Art to one policyholder may not be the same for another. Questions always arise how are my collectibles, fine arts treated in my insurance claim. Below please find an analysis by The National Underwriter Company regarding this issue.
Once it is determined whether an object is a fine art, it must be determined how the property should be insured. There are sixteen named perils, and if one of those does not damage the property, there is no coverage.
There are special limits, most do not apply to true fine arts. Coins have a special limit, as does silverware, gold ware, platinum ware including tea sets, gold silver and platinum, although some may not actually be fine arts.
The best option is to schedule the property into the homeowners policy with the Scheduled Personal Property Endorsement.
Daily responsibilities include contacting Insurance Companies on our clients behalf. Our involvement ensures our client receives all monies they are entitled to.
People have busy lives and spending the day trying to deal with an Insurance Company after a property loss, is not high on peoples wish lists.
AJR with our experience of over 30 years, knows how to speak with, negotiate and manage our clients claims with top notch results.
We are proud to be recognized in October 2018 by YELP as the #1 Best Public Adjuster for the Phoenix Arizona region.
AJR holds a license in Arizona and is able to represent policyholders with property claims throughout the state. With your next claim give us a call first. Like our clients here, let us take the stress off your shoulders and settle your claim with the high standards we have set.
It is that time of year here in Arizona, monsoon season is in full swing. Natural disasters are a normal occurrence over the summertime and consumers should be on their toes.
Here is an recent article dated July 12, 2018, released by the Idaho Department of Insurance, making the public aware of unlicensed individuals who are acting as public insurance adjusters for losses from hail storms. Different state, same issue. Public needs to be aware of individuals they hire to represent them with insurance claims.
This article points out an interesting situation that everyone should be aware of.
“Public adjusters often have mutual relationships with contractors, and may even be compensated by contractors who are performing work in conjunction with damages caused by the insured loss; however, any compensation or financial interest must be disclosed by the public adjuster in writing to you as the policyholder”.
AJR has NO “kick-back” relationship with any contractor, roofer, plumber. We do not accept any money from others working on your job. Our number one goal is to maximize your settlement for you, then get paid our percentage from the policyholder. No settlement money is exchanged elsewhere regarding your claim.
It is always best to research anyone you plan to hire for representation with a covered insurance claim. Some good sites that help with research to locate licensed, reputable firms are the Better Business Bureau, The National Association of Public Insurance Adjusters, NAPIA and the Arizona Department of Insurance.
Over the years we have encountered future clients who state, “Oh the contractor said they will assist with my claim. They will talk to the Insurance Company and negotiate figures”
This is deemed as the UPPA — Unauthorized Practice of Public Adjusting and a ruling was upheld in Texas pertaining to this act. Read further a blog presented by NAPIA, (National Association of Public Insurance Adjusters), specifically spelling out how this ruling was reached and the ramifications of such practice.
Policyholders always want to be informed by the individuals representing them, what their representation involves. Always remember, only licensed Public Insurance Adjusters and lawyers are able to represent you with insurance property claims.
Recently we have received many phone calls from insureds who have suffered property claims but are experiencing a situation that is occurring more and more.
Today a call came in and the man mentioned:
He lived in an area where a weather disaster struck months ago. A sales person representing an”adjuster’ rang his doorbell and said he could help him with his roof problem.
He was told that the adjuster would contact him
The adjuster would bring in his “sister” company to write the estimate.
It is recommended the insured use the sister company
This adjuster was going to charge an inflated fee for the services, and also made it known that this fee (25%) was due whether the insured used his contractor or not. When these sister companies complete repair for the property basically this may be considered double dipping, or kickback payments.
You always want to make sure:
The Public Adjuster you hire has a current license in the State.
The Public Adjuster, their firm, has solid real reviews. (Not just Joe Smith “they did a good job”)
The Public Adjuster is charging a fair fee for their services. Typical percentages range from 10 – 15%.
The Public Adjuster may disclose their relationship with other companies they plan to bring in to submit your claim, you may want to use caution when you are made aware of this.
AJR Public Adjusters is an Arizona Licensed Public Insurance Adjuster with over 30+ years representing policyholders with insurance claims.
AJR is proud to announce another client wanted to share their outstanding experience with our representation. Click on link to read Kevin Ross’s @BBBArizona testimonial. Below are pictures from right after the fire and repaired photos. AJR assisted Kevin in maximizing his recovery to enable him to repair his garage in a timely fashion.
As they say in life, “anything you say can and will be used against you.” To ensure you are properly represented with an adjuster who has over 30+ years experience, with your next insurance claim, contact AJR Public Adjusters first to ensure maximum recovery for your claim.
Once again AJR has assisted and helped a policyholder with an insurance claim to maximize their recovery. There is no greater compliment than having clients wanting to let others know about their great experience. We thank you. Happy Holidays.