Blog Articles

9 Tips… How To Deal With Insurance Adjuster After A House Fire

Learn how to deal with insurance adjuster after a house fire is overwhelming for policyowners. The process involving countless meeting,  lots of paperwork and boatload of unknowns. Will explain more below.

Your First Meeting with Company Adjuster

During your first meeting with your insurance adjuster. It’s normal they ask several question regarding the fire. Some of the questions you may have answered when you submitted claim. It’s very important to keep your answers short sweet and consistent. From the first conversation til the last.

Always Be Honest No False Statements

One of the conditions of your policy says something like this State Farm policy. Concealment or Fraud This policy is void as to you and any other insured, if you or any other insured under this policy has intentionally concealed or misrepresented any material fact or circumstance relating to this insurance whether before or after a loss. This applies to both residential and commercial policies.

If You Don’t Know Say You Don’t Know

It is common for adjusters to ask technical questions regarding the circumstances of the fire. Don’t guess. If you don’t know say you don’t know. Refer them to the police or fire report for such detailed questions.

What To Do When Insurer Want to Investigate The Claim

It’s not unusual for the insurer to investigate the damages. They basically want to determine if any foul play was involved. Just be patience, hopefully things go smoothly.

Learn Important Insurance Terms

The best way to learn how to deal with insurance adjuster after a house fire is to study the policy learn some insurance terms. Here are some common terms to help communicate with the adjuster.

  • Peril – Refers to property insurance that insures against loss to covered property from all causes except those that are specifically excluded.
  • Declaration Page – The front page (or pages) of a policy that shows the named insured, address, policy period, location of premises, policy limits, and other policy information.
  • Actual Cash Value – (ACV) – In property and auto physical damage insurance, one of several possible methods of establishing the value of insured property to determine the amount the insurer will pay in the event of loss.
  • Replacement Cost – A property insurance term that refers to one of the two primary valuation methods for establishing the value insured property for purposes of determining the amount the insurer will pay in the event of loss.
  • Limits – The total amount of losses to be paid under an insurance policy or reinsurance agreement, expressed either on a per occurrence basis (e.g., per accident or event) or on an aggregate basis (e.g., all losses under a single policy, or for all policies during an underwriting period).
  • Deductible – An amount the insurer will deduct from the loss before paying up to its policy limits.

The above definitions was obtained from www.irmi.com

Why your Insurance Company want to replace your Pottery Barn items with Kmart stuff

The values of particular items are often disputed in home insurance claims. If you’ve bought expensive items, your insurance company may say it can replace them with very similar items from Kmart or Walmart.

The insured is entitled to be paid for what he/she had — like kind like quality items.

In this articles from Merlin Law Group, you’ll see the common denominator in the Missouri Law of like kind like quality and equivalent.

Don’t Get Discouraged and Settle for Less than the Total Amount Owed

Near the end of a complicated claim, homeowners just want the process to be over. Even if you have replacement cost policy. The initially check will be actual cash value. Then, later, when you replace the items, you need to submit your receipts to get the remainder due.

Don’t Sign a Release on Your Home Insurance Claim

This takes the home insurer off the hook for any future payments on your claim. When the insurance companies ask you to sign a release. More times than not normally they see a problem or big dispute coming. The home insurance policy does not require you to execute a release to receive settlement. 

Final Tip on How to Deal with Insurance Adjuster After a House Fire

Our final tip is hire a Public Adjuster. Based on the above information there are alot of circumstances that can either alter or deny your claim.

When you hire a public insurance adjuster or public adjuster you level the playing field. The ball is no longer in their court. Now we have control!

How to Deal with Insurance Adjuster After a House Fire

Public Adjusters — work exclusively for policyholders. We take the bull by the horns and work the claim until we get gainful results. We complete all the necessary paperwork, meet the adjuster/s and put your claim together for maximum settlement.