What Damaged OR Destroyed Your Home OR Business...
Fire, Flood, Hurricane, Earthquake?
Do you feel Uncertain, Confused, Lost, Overwhelmed, Frustrated, or just plain Worn Out trying to deal with:
- The Claim Representative or Adjuster
- Understanding your Policy
- Why Appreciating Assets are Depreciated
- Definitions from the Policy
- Interpreting and Understanding Endorsments and Exclusions
- Recognizing your Claim as a Business Negotiation
- Preparing: your Claim, the values, 4 Inventories, and/or "Proof of Loss" forms
- Being "Under-Insured" after the Agent told you that you were fully covered
- Accepting or Rejecting the insurance company Settlement (probably a "low-ball") Offer... is it fair or not, and how do you possibly know?
Remember: A "Settlement" is just an offer, not an agreement - unless you accept it.
Has it has been too easy dealing with, and maybe even settling, your property claim? If it has, then consider: Have you ever sold something so quickly and easily that you knew you had significantly under-priced it? This can easily happen to you. Then the insurance company wins BUT you lose! Remember: Settled and Closed claims may be re-opened!
Be sure to have a complete Professional review of your claim and situation, once you have received at least your Dwelling, Other Structures, and Trees/ Shrubs/Plants Settlement Offers... before your sign a "Proof of Loss."
That Professional opinion (whether or not you are being paid fairly for your loss) is critical to your rebuilding and finances, and that's most important to know.
"Under-Insurance" (for total losses) and "Insulating Glass" Units-dual pane windows & doors (for partial losses) are THE 2 LARGEST PROBLEMS for the property owners within the "CSFD's Fire Zone" in Mountain Shadows.
For Partial losses:
The major dual pane window and door manufacturers ("Andersen", "Pella", "IGW", and "Cardinal") ALL AGREE THAT:
These units almost certainly have imperceptable damage to: hardware, glass, seals, weather-stripping, frame, sliding mechanisms, flanges, etc., which most likely results in failures within several years since being exposed to heat over 160 degrees F, such as in a fire, and therefore Should Be Replaced. Also, their Warrantee is no longer valid or in force for any "heat related" damages.
For Total losses:
"Under-Insurance" is commonly known by the insurance industry to cause about:
2/3 of US Homeowners' homes to be "Under-Insured" by 50% or more, and
3/4 of US Homeowners' contents to be "Under-Insured" by 50% or more.
Think about that for a moment or two:
If you and 2 neighbors/friends have TOTAL losses, then 2 of you probably are "Under-Insured" on 50% (or more) for your homes AND your contents.
There may well be a solution, which has been quite successful... without a lawsuit in most claims. Just how hard do or did you work to obtain a net, after tax, $100,000. or $250,000. or more?
Probably pretty hard. Don't let money that you should've been paid just walk away while hearing: "Its too bad that you're so Under-Insured." In almost all situations, an Agent said: "You are fully covered by your Replacement policy."
So... why do you find out now that you aren't "fully covered"? Isn't that a brokenpromise?
If this is your situation, or becomes your situation...
USE THIS SITE OFTEN: BECOME BETTER EQUIPED TO DEAL WITH MANY THESE UNFORTUNATE SITUATIONS, LEARN HOW TO PREPARE, PRESENT & NEGOTIATE YOUR CLAIM FOR YOUR LOSS AND DAMAGE... BETTER THAN YOU'D THOUGHT POSSIBLE. AND IF NOT, WHAT HAVE YOU LOST?