Dealing with a property or casualty loss in your home or business is very stressful. Not only are you ill-prepared and caught off guard when a natural disaster or accident happens, but matters are made worse due to the anxiety of not knowing what to do.
Though recovery is never easy, knowing what to do provides a peace of mind. After hearing your questions and concerns after facing a loss / claim, we made you this list of frequently asked questions.
Why do I need a Public Insurance Adjuster to obtain what I’m rightfully owed?
Insurance policies are legal contracts filled with provisions and stipulations that are consistently being revised and updated. Most likely your current policy has additional terms and documents, called endorsements, that were not included in the original policy you purchased. The revision of said insurance agreement is either to include or exclude certain policy coverages. Understanding the often complex language, jargon and statues are critical to interpret these endorsements so you can obtain the maximum entitlements of your policy.
Secondly, your policy requires certain policy conditions met when you file a claim. Your public adjuster will interpret and advise what measures are required to honor your policy. Failure to satisfy policy conditions can reduce your settlement, or in some cases, result in your claim being denied.
Another critical reason your adjuster is invaluable is when an insurance company makes a statement or decision concerning your loss, you most likely accept it without challenge. There are cases when an insurance company misinterprets their own policy or forgets Georgia statues and case law that overrule their policy. Having your public adjuster available to refute the insurance company’s adjuster and advocate on your behalf can drastically affect the size of your settlement.
How long do I have to report a loss or file a claim?
In the state of Georgia, in most cases, you can report a claim anytime within the policy period. Every company has provisions in their agreements regarding late reporting of claims, and naturally the insurance may make the filing of a claim that happened six or more months ago more cumbersome, but never impossible.
How long will it take the Insurance to pay my claim?
According to law, all insurance companies are required to pay or otherwise deny claims within 60 days.
I previously reported a claim, can you help re-open and get a fair settlement?
If you have reason to feel a previous loss claim was underpaid, we will assist in re-opening and work to get you a more fair settlement.
See www.insurancepublicadjustersofgeorgia.com/questions/ for more info on the public adjusting and insurance filing process. And we welcome your call if you have questions about your case or want a second opinion regarding how your insurance company is handling your property loss case.