Do I have to have a Public Insurance Adjuster?
Based on the terms and conditions of the insurance policy a formal request may 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 needs to be analyzed and approved. Then the funds can be released.
Policy holders have to submit a claim by way of a formal application to get their benefits. The insured person needs to 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 somebody on their behalf. This is what's called a premium payment. The monthly 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 in the event the insured has a financial catastrophe, 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 started by completing an online application or utilizing the toll free number and calling the insurance carrier. There are other authorities who may deal with the filing of claims too, including an attorney at law. Bear in mind, if the claim does not come under weather or "Act of God" then it can increase the premium amount.
As part of the evaluation process, the insurance carrier might have the damage evaluated by an adjuster. This will give them an assessment of both damage as well as repair cost. The adjustor will make sure the devastation was caused by what the claimant is saying and will check to make sure building 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 may be underpriced, or even disregarded, by the adjustor so you need somebody reviewing the procedure also.
Insurance claims are not always recognized by the company and there may be several reasons behind this. If the payments haven't been kept up they do not have to honor the claim. You might have "endorsements" on your policy that leave out particular things from being part of the claim. When filing it's important to bear in mind there are covered conditions listed on the insurance plan. 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 additionally prevent the claim from getting approved. The policy will list precisely what is covered and what is not and the benefits for the numerous areas of coverage. The pay-out is the final result 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 evaluate your claim and policy as often insurance firms do refuse legitimate claims.