Effective Insurance Settlement Negotiation Tips

Being a property owner of a residential or commercial property should make you feel proud. Whether you have spent thousands or millions of dollars building your dream home or building, seeing it destroyed due to water damage is heartbreaking.  Water never stays stationary and if not noticed quickly, can travel into other areas of your property causing significant damage. It can also cause mold and if left undetected, can also cause dry rot. When you discover damage to your property, call a public adjuster in Broward County right away. 

Property damage can be extremely frustrating to deal with, including the paperwork needed to and required to submit to your insurance company. To get everything you are entitled to get compensated for your damage, we have compiled some tips that are guaranteed to help ease your stress. 

Helpful Insurance Settlement Negotiation Tips 

#1 The Insurance Company Is Not Your Friend 

One common mistake some property owners make is treating their insurance company as if they were their friend.  While insurance companies are there to help you in times of need, they are in the business of making money and their ultimate goal is to save as much money as they can.  This can lead to an underpaid or denied insurance claim. 

#2 Promptly Report Your Claim 

The moment you discover damage, it is important to read your insurance policy to see if the cause of your damage is covered.  Sometimes you may have a high deductible so reviewing your deductible and assessing the damage is important to understanding if you should file a claim.  If the damage is covered and exceeds your deductible, then you should file your claim. 

Reading insurance policies can be daunting and confusing. Speaking with an experienced and knowledgeable Public Adjuster can help you understand your coverages and exclusions. 
A Public Adjuster represents you, not the insurance company and will fully document your claim, prepare and submit the required documentation on your behalf and work diligently to get you properly compensated for your damage. 

#3 Accurately Reporting Your Damage 

When you file an insurance claim, it is important to understand what caused the damage and what is damaged. If your claim is reported incorrectly or the wrong terminology is used, the insurance company can deny your claim.   
Regardless of what happened, if you are unsure if the damages are covered or what is causing the damage, ask your public adjuster to inspect your damage and review your policy.  

#4 Avoid Speculations 

When you experience damage to your property it is only normal to feel stressed. However, stress can sometimes lead to speculation rather than facts. Don’t speculate and stick to the facts of your claim. Sometimes insurance companies can misunderstand what you mean and that can also result in a denial of your claim. 

#5 Estimating Your Claim 

Before you settle your insurance claim it is important to get an idea of what your damages are and how much it will cost to repair. Never assume that what the insurance company is offering to settle your claim is enough to make your repairs. 

Hiring a public adjuster can prevent the insurance company from undervaluing and underpaying your damages. 

Do You Need a Public Adjuster in Broward County? 

If you recently experienced property damage and don’t know what to do, hire a Public Adjuster. 

At Reliant Insurance Adjusters, we offer affordable and honest service and never stop working on your claim until you are satisfied with the settlement of claim. Our adjusters have the knowledge and experience to assist you throughout the entire process. Give us a call to learn more.