Claim Adjusters Help You Settle Your Property Restoration Claims Faster!

Facing the complexities of the insurance claim process is nothing new In New York.  When any disaster hits your property, getting the proper insurance claim may be challenging. Many policy exclusions and technical requirements can leave you confused, but to help you out in this situation, you need a claim adjuster who is skilled to handle all the issues. They act as a bridge between the insurance company and the policyholder. Their role usually varies based on whose side they are on. So, let’s understand who the adjusters are and how they can assist you. 

What are the different types of claim adjusters?

When you have to deal with renters insurance claims water damage process, you would find different types of adjusters associated with it; there are three main types: 

• Insure adjuster 

They represent the company and are also referred to as staff adjusters. The insurance company employs them, and their job role is to work in the company’s best interest. They investigate the claim, understand the issue and liability, and negotiate the settlement.

• Independent adjuster 

Independent adjusters are not directly associated with any insurance company; rather, they work on a contractual basis for more than one company. They can also work for adjusting firms. Similar to insurance adjusters, their work profile includes assessing damages, investigating the claim, and settling the claim. 

• Public adjuster

Public adjusters are policyholders licensed to represent a policyholder in their best interest. They work exclusively for a policyholder and are not associated with any kind of insurance company. 

What are the responsibilities fulfilled by an adjuster?

They have to encompass three areas which are their prime responsibility:

• Investigating the claim

The experts gather information and evidence after reviewing the policy language. They help interpret the coverage and exclusion and contact the policyholder to meet the burden of proof for the property damages. They also carry out physical inspections, assess damage, and help in a fair settlement. 

• Evaluating the claim 

When the investigation is done, the experts start evaluating the demand made, which includes compiling and submitting the claim package to the insurer. Here, supportive evidence plays a vital role, along with estimated cost, occurrence data, photos, stories, policy language, and proof of loss. They help to argue and trigger coverage under the internal policy. They would also help to expose the insurer’s liability and put a question against wrongful denial of the property damage insurance claim. 

• Negotiating the settlement

The professional’s prime responsibility is to come to a fair and proper settlement. They would also help you proactively prepare and file complaints to the state Department of Insurance and remove objections and wrongful withholding associated with the coverage. They have a deep understanding of policy terms and submissions and are skilled in effectively dealing with the complexity. 

Summing it up

The role of the expert is to deal with fire and storm damage claims, support policyholders in submitting the documents, negotiate settlements, and get fair compensation. With the impact of a public adjuster, the settlement can be maximised and you can enquire does renters insurance cover water damage. Thus, there are a lot of benefits when you hire a public adjuster in terms of time-saving documentation and negotiating and mitigating damages in the future.