Some Public Adjusting Terminology

Public Adjusting Terminology

If you’ve suffered damage to your home, business, investment property, HOA, or Condo Association,  a public insurance adjuster can help you get the most out of your policy as you work to recover. However, be an informed consumer and be certain to familiarize yourself with key terminology before beginning the process.

Actual Cash Value – Actual cash value refers to the monetary value of an item that has been lost or damaged. It takes into consideration depreciation and wear.

Replacement Cost – The actual cost to replace a damaged item. This does not take into account depreciation or damage. Your independent licensed public adjuster can help calculate these figures.

Flood Insurance – Flood insurance must be purchased separately from traditional homeowners insurance, and only covers limited property damage.

Period of Interruption – Whether it’s from an earthquake or fire, the period of interruption refers to the amount of time it takes to get your home or business back in previously working order.

Exclusion – An exclusion refers to items or causes that are not covered by insurance. There are often exclusions for flood and fire, since they are covered by separate insurance.

 

Public adjusters are state licensed insurance adjusters that assist policy holders with claims regarding property.

These experts can be found in most parts of the United States. Most people need a public adjuster to aid them when a disaster happens, such as a fire an earthquake or flood, that has caused damage to their home or business.

The adjuster can assist the policy holder by helping them get the right sum of money that is due to them.

This money comes from the insurance company with which the individual or family has a policy.

There is a certain process involved when people try to settle with an insurance company after a home fire or other property loss.  Steps need to be taken in a certain order and information needs to be conveyed in a clear and concise way with the insurance carrier.

When the public adjuster or professional firm works to prepare your case, it is important to give all the details regarding personal loss, the coverage you have in place, and the cost of repairing or replacing lost possessions.

Policy holders do have certain civil rights and protection from insurance associations. There are files put in place to keep records of your insurance policy.

This way the licensed public adjuster can make certain each policy holder gets the insurance money they deserve for their claimed damages.  Public Adjusters are contracted to maximize the recovery from insurance companies for all property losses.

By speaking with a public adjuster in your area, you can get further information on insurance plans and policies for home coverage. It is always smart to take care of this ahead of time so that you do not have to worry when something occurs.

 AJR is available to speak with you for any questions– http://www.betterclaimresults.com   855-454-0247

A Property Loss has occurred NOW WHAT?

Your property has suffered an insurance loss due to fire, a water pipe burst, hail damage or something else.  NOW WHAT?

Don’t let one disaster out of your control lead to others.

Should an event occur that requires filing an insurance claim, the responsibility of preparing the claims fall completely on the insured not the insurance company.  If you don’t seek professional help, critical information may be missed that can negatively impact the final settlement you will receive.  AJR is serious about examining your policy for the “fine print” to make sure you take advantage of all your coverages.

For over a quarter of a century AJR has been in this field representing a variety of companies and individuals with their insurance claims.  Our clients’ claims have been settled to their satisfaction as you can see by the testimonials we have received.  http://ajrpa.com

Our modest contingency fee is calculated on the settlement you receive , never higher than 10%. We are paid after we have assisted and helped you maximize your recovery from the insurance company.

The next time you find yourself in a situation to file a property claim, don’t think twice.  Immediately contact AJR to help assist navigating the insurance process to maximize your recovery.  When the dust settles you’ll be glad you called us.

602-795-5227

http://www.betterclaimresults.com

Why You Need A Public Adjuster

Most people who have a claim have no idea how to prepare and adjust it. They more or less rely on their “insurance adjuster” to do that for them. BIG MISTAKE! What you must understand is, it is the “insurance adjusters” job to make company inspired settlements with policyholders, most of whom lack the fundamental information and adjusting skills to be on a level playing field with the adjuster. A NAPIA (National Association of Public Insurance Adjusters) Adjuster can help you level the field.

Knowledge is leverage. The more you know, the more power you have, and insurance adjusters are well trained to cut corners and save their company money and, more and more, look for ways to avoid paying claims. You need someone as well trained in your corner looking out for your interests. The objective in adjusting should be to get as good a result as possible, as quickly as possible, as trouble free as possible. Most policyholders will continue their fate of dealing ineffectively due to the fact that they lack ability, information, and understanding.

To adjust is to negotiate. An adjuster is a negotiator. Usually, only the person representing the insurance company is considered the adjuster, and the policyholder receives his/her adjustment, as previously stated, from a company inspired adjuster. In order to arrive at an adjusted settlement, each side has its own needs to satisfy. The less you know, the more likely you are to be forced to meet the needs of the insurance company. You must know your needs! You must know your rights!

A Public Adjuster can help you with both of these. If you don’t know what to expect and how to get it, you may become overwhelmed and give in too easily.

No one knows the outcome of an adjustment beforehand. Therefore, it is impossible to anticipate to what extent either party will give in to the needs of the other. Bargaining power becomes the main ingredient in adjusting. It usually comes about naturally as facts come to the surface. Adjusting is a matter of give and take, and unless you are dealing from a position of strength and knowledge like a Public Adjuster can offer, you may be forced to give too much.

Insurance adjusters facing a knowledgeable public adjuster usually enter on a more cooperative basis, and there is a strong likelihood that each will strive for common goals.

Usually a policyholder has to deal with a claim at a time following a disaster. Psychologically, most people are not up to the task under these circumstances. It is very common to see people in a state of shock, confusion and helplessness. A professional public adjuster will be emotionally level and competent.

The time of a personal disaster is not the time to be thinking about all of this for the first time. Think about it now and take comfort in the knowledge that a Public Adjuster can be there to protect your interest if indeed the unthinkable happens to you.

AJR Public Adjusters 1-855-454-0247  

http://www.betterclaimresults.com

If your home or business are damaged will you be able to rebuild?

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Will you be able to rebuild if your home or business is damaged or destroyed by fire?  How long will it take you to bounce back if you are wiped out by flood or hammered by a haboob?  Will you recover quickly from the losses you suffer from vandalism or theft?

You might be unpleasantly surprised more than once if tragedy strikes where you live or work –first by the brutal force of Mother Nature and later by the realization that you are unprepared to do anything but accept whatever compensation your insurance company offers. You can avoid this problem by hiring a public insurance adjuster, a person with knowledge and experience to help you obtain the most favorable settlement possible – someone who represents you and not your insurance company.

“We serve as the advocate for the policyholder, but it’s important to remember the policyholder controls the settlement. We advise and assist,” says Bruce Horowitz, president of AJR Public Adjusters, who has over 1/4 century experience in this field

In addition to estimating how much damage has been done, AJR also helps file the paperwork to complete the claim and negotiates with the insurance company. AJR charges its clients a percentage of the settlement, typically around 10 percent.

To find out more about how AJR Public Adjusters can help you recover from a natural disaster or other property loss by helping you obtain and maximize your settlement from your insurance company, call (602) 795-5227, email Bruce@ajrpa.com or visit http://www.betterclaimresults.com

Help and Tips to avoid Homeowners Insurance Claims in the Winter Months

As the colder weather approaches this week, it is time to think about the damage that it can cause to your home. Reducing the chance for damage reduces the chance of needing to file a homeowners insurance claim.  A few simple, routine home maintenance activities will go a long way toward helping you avoid costly problems.

MAXIMIZE ENERGY SAVINGS

  • Check windows and doors for leaks that may compromise heating efficiency.
  • Look closely at window and door frames for cracks or feel for cool air coming in.
  • Seal leaks or cracks with caulk, weather stripping or door sweeps.
  • If necessary, purchase a plastic sheeting kit and place plastic around the windows to keep heat from escaping.
  • Install a programmable thermostat if you don’t already have one.
  • Inspect heating ducts and vents, and dust off or clear away anything that may have gotten into them over the summer months.
  • If your windows or doors are aged and in bad shape, consider installing newer models designed to maximize energy efficiency.

PREPARE YOUR HEATING SYSTEM

Heating and cooling account for 47% of all energy costs in the home. You need to make sure your furnace and insulation are working as efficiently as possible.

  • Have a professional tune your furnace in order to reduce temperature variations, improve air quality and protect against dangerous carbon monoxide levels.
  • Change the air filter in your furnace every month during the winter.
  • Have your chimney checked by a professional chimney sweep who can evaluate the condition of your chimney and clean it if necessary.
  • Be sure the fireplace damper closes tightly, to prevent drafts.
  • Clean and clear your fireplace before lighting the first fire of the season.

INSPECT YOUR ROOF

Cracked, broken or missing roof shingles leave your home exposed to the elements and can cause a great deal of damage, especially during the winter months.

  • Check for signs of sagging or shingles that have curled.
  • Replace any damaged or missing shingles.