The allowance company has always marketed itself to describe their company as an honest, 'charity' organizations are ready to assist you in case of any danger. Though they help in protecting assets, they are still a business. That means their primary goal is to make a profit and stay in business. The only way they can do this is to ensure that the pay outs are much lower than the overall premium paid.
One of the tricks the insurance companies use to do that introduce loopholes to help them avoid some compensation for their clients when Benefit claims submitted. No Benefit Fortunately for them, most people do not pay absorption to 'fine print before signing the insurance papers. Therefore they are willing to commit to a contract of insurance without a absolute compassionate of the requirements and candidates
So, what happens when you make a claim and you are surprised to find out that you can not be compensated because of certain loopholes? That's where public adjusters in. They challenge the insurance companies on the gap to negotiate fair compensation. Some common loopholes they deal with include:
Some people lose their property through a double tragedy. For example, your home may be affected by the storm and are still carried away by the flood. In such cases, some insurance companies can only compensate you if the two tragedies are covered regardless of the order in which the tragedy occurred. Therefore, if you are covered for the storm but did not flood, your claim may be rejected. Public Adjuster however, can negotiate your claim to help you avoid falling victim to the gap.
Many insurance companies will not compensate you if you make a claim for a condition that existed above-mentioned to the insured. For example, a cancer patient can not benefit from health insurance if the allowance company discovered that he had been diagnosed before applying for insurance. Many times the insurance company adjuster erroneously associate the new damage to the pre-existing condition, when they are completely unrelated. In added words, homeowners may have their claims denied under any pre-existing conditions. Public adjuster is actual helpful especially in cases where the victim has no ability of existing conditions, and how the damage is evaluated.
The best way to avoid falling victim to these gaps in a comprehensive reading on the awning of the insurance policy, respectively. Do not sign anything without understanding the terms and conditions. Additionally, if you think you are cerebration of making an allowance claim, contact a public adjuster.