What Happens After You Suffer A Loss?

After you suffer a loss, you’re left wondering, if insurance will not only cover the loss, but how much will they cover?!

When the adjuster (who represents the insurance company, NOT YOU) first views the damage, they must file a report, called a “reserve" which is a ballpark figure for what they feel the loss is worth, so the carrier can reserve those funds to pay your loss. The reality is that most of the time, the reserve is too LOW, and by the time you get the offer (The burden of proof is actually on YOU, THE INSURED) you are now fighting an uphill battle.

When you let the adjuster from the insurance company (who is paid to represent the insurance company, NOT YOU) handle your loss without having representation from a public adjuster, it is like asking the IRS to do your taxes, which wouldn't be a very prudent move!

What Should YOU Do After a Loss?

Do NOT wait for the insurance company to make you an offer! While it may seem appropriate to wait, making the first move will always garner better returns on your policy.

What Are The
Requirements of the
Policy Holder After a Loss?

Per your insurance policy,
the following are YOUR requirements:

• YOU must notify the company (agent) of the loss. Written notification is preferred, but phone, fax, and email are also accepted.

• YOU must separate the damaged, from the undamaged goods, showing in detail (quantities, replacement cost, actual cash value, etc.) and provide a sufficient breakdown for the insurance company to evaluate.

• At the request of the insurance company, YOU must submit to an examination under oath while not in the presence of any other insured.

• At the request of the insurance company, YOU must submit to US a sworn statement and Proof of Loss within 60 days.

• If you look above, the task ahead of you is absolutely daunting. Keep in mind The Adjuster from the Insurance Company, represents THE INSURANCE COMPANY, NOT YOU!