Hiring a Public Adjuster Right After Damage Occurs! Why?

“The biggest mistake a homeowner or commercial property owner makes is not hiring a public adjuster right after the damage occurs.”

— Marc Lancaric, Public Adjuster and President of Global Patriot Adjusters

Hiring us right away will: 

1. Avoid the Pitfalls of going it alone.
2. Generally get you a better Settlement
3. Reduce the headache and stress of dealing with the insurance carrier. 

We are only paid our percentage of the claim for the dollars we collect for the property owner/insured.

When we review your claim, we will be able to find every aspect of your policy that can be accessed for your claim.  Your insurance adjuster will generally not look at your claim the way  we look at a claim as your Public Adjuster.

“You faithfully paid your premiums, and we will faithfully remind your carrier that you should be treated with the same commitment.”

— Marc Lancaric, President of Global Patriot Adjuster

Contact us 24/7 for quick action on your claim 800-654-3041.

Overhead & Profit — Getting What You Deserve

Overhead and Profit is justified on any claim that shows the need for “Coordination and Oversight”.

Overhead and profit are used by every general contractor. It is part of the business practices of all general contractors and many subcontractors. It is the cost of doing business and the designated profit for doing the business.

Your insurance carrier will often assert that your claim does not merit this payment.

Overhead is generally set at 10%, profit is generally set at 10%

We recently had a client in Massachusetts that received a $240,000 settlement for a commercial claim. To repair the damage to the properties required a well-qualified general contractor who agreed to do the repairs for the amount the insurance company was offering. The base costs was just over $240,000. The overhead and profit added another $48,000 to this total and would be the total responsibility of the owner.

This project more than qualified for overhead and profit based on the need for coordination and oversight.

We brought careful insight to this claim and settle the claim for the full amount needed to pay the contractor. We at Global Patriot Adjusters are proud of our capacity to bring truth to power.

“We will never go quietly in the face of facts which our clients need to receive full payout on their insurance settlements.”

— Marc Lancaric, President, Global Patriot Adjusters

Contact Us for quick action on your claim 800-654-3041.

What Is Bad Faith by Your Insurance Carrier?

What Is Bad Faith by Your Insurance Carrier? Bad faith is a legal term which simply means operating in and unfaithful manner to the contract which is possessed between two parties. It is important to understand this aspect which is present on many insurance claims where Global Patriot Adjusters LLC has been called in to take over a claim.

Here are a few examples of bad faith claims Global Patriot Adjusters LLC won across the United States:

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On a client's home in New York who carried $550,000 worth of homeowners insurance, a large tree struct the east end of the home. The owners filed a claim with their insurance. The insurance company sent an adjuster to the home and assessed the damage at $22,000.

Global Patriot Adjusters LLC was called in and assessed the claim at $132,000. A factual review of the property, which included open wall inspections not conducted by the carrier, showed structural damage as much as 76 feet away from the impact point. We called in and engineer to review our findings.

Amount Differential ($)

We negotiated 6 times the amount offered by the insurance company on behalf of the insured.

Global Patriot Adjusters was able to settle the claim and quash the bad faith assessment provided by the insurance carrier. Bad faith is often nothing more than failing to properly scope damage to the insured property.

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On a home in Connecticut that received a 49 inch flood, Global Patriot Adjusters was called in to deal with bad faith on the part of the insurance carrier. The crawlspace on the home had been totally inundated with water. The water had come all the way up to the sub floor of the home causing water to reach into the home through the sub floor and through all the facing floors and the home. The insurance carrier offered $3,000 to replace the insulation underneath the house and do some minor cleaning in the crawlspace. The insurance carrier failed to address any interior damages whatsoever.

Global Patriot Adjusters was able to provide proof of the extensive damage to the interior of the home. We were able to settle the claim for $46,212. As the public adjuster with hundreds of millions in claims successfully settled, we have a broad number of tools at our disposal born out of years of toil in the insurance industry.

Amount Differential ($)

We negotiated 15 times the amount offered by the insurance company on behalf of the insured.

It is important to realize that no matter how logical your claim may be in your mind, it may be denied based on a technicality that you do not have the years of experience to overcome on your own.

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One of our clients in Florida went on a 2 week vacation. While they were away at their vacation in O-ring failed on their icemaker and caused 10,000 gallons of water to flood their home and cause very toxic mold over every room in their one level home. The insurance carrier assessed the cost of repairs at $111,215. Global Patriot Adjusters assessed the repairs reasonably close, at $115,428.

The insurance carrier issued a denial of the entire claim based on the erroneous assertion that our client had been away from the house for 30 days and not had anyone look in on the home. As stated before, the owners were only gone for 2 weeks and were not in violation of their insurance policy.

We were able to settle this claim over the next 45 days by creating a provable case in undeniable insurance terms brought to the carrier. Without using this level of due diligence improving the claim, the owners would if only been able to litigate the claim on the basis of bad faith performance by the carrier. Litigation can often last 2 years or more. While we can never say that we avoid litigation at every turn, it is our practice to bring about settlement of claims without lengthy delays.

Contact Us for quick action on your claim 800-654-3041.

Insurance Companies Stacking The Deck Against You - Public Adjuster

The Power of using a Public Adjuster

If you were being sued the opposing attorney would love to know that you were representing yourself. Chances are good,  your insurance company feels the same way.

Your insurance company uses professional adjusters to protect their interests – you should have the same or better on your side.  As a Public Adjuster, Global Patriot Adjusters, LLC. only represents your interests in collecting a fair amount for the damage of your property.

Your insurance company hires an Independent Adjuster (IA)

The IA represents the insurance carrier only by reporting the size of your claim.  This Adjuster is generally paid by the size of your claim. He/She will tell you, there is no reason for the Insurance Adjuster to limit the amount of your claim, especially since his/her income derives from this amount.  On the face, this seems logical.

When you dig a bit deeper, you have to understand that the IA works over and over for the same insurance company.  This recurring relationship forces the IA to work more closely with the will of the insurance carrier than their own, quite literally to make certain the insurance company keeps giving him/her business.

This week we worked to maximize claims, as usual.  When we advocate for clients as a Public Adjuster, we simply have the carrier work under the provisions of the insurance policy.  We give them no out.  We do this, by proving our case for damage repair. Here are just some of the things we had to work out this week as our client's Public Adjuster.

Milford, NH Insurance Claim

The Insurance Carrier did not want to pay for the owner's granite countertop that was broken while being removed by the contractor who was repairing damage from pipe break claim.

We answered this denied portion of the claim with care and turned the denial into an approval for $6,200

Lowell, MA Insurance Claim

The IA for the Insurance carrier claimed the damage from a Vandal was $31,500. He was holding fast to the number. We were able to get a 3rd opinion, and back it up our assessment with more proof. We moved the approval up to $79,000

Bridgton, ME Insurance Claim

The Insurance Adjuster claimed the owner of a restaurant was not allowed, under the policy, to receive payment for damages to equipment that were hurt when a tuck hit the back of the building. By going directly to the carrier and working this out with respect and skill, we were able to get the denied claim reversed.

As the Public Adjuster, we were able to turn this around in a way that also helped the owner to get temporary heating and ventilation paid. This meant the restaurant could replace equipment, fix the building, and keep running all but one day. This is what the insurance policy said they should get, and as their public adjuster, we made certain full coverage is what they got!

We could go on about the negotiations we did this week. This should give you a good idea about what it means to have a Public Adjuster on your side.  Simply Said:

Your insurance company uses professional adjusters to protect their interests – you should have the same or better on your side.  As a Public Adjuster, Global Patriot Adjusters, LLC. only represents your interests in collecting a fair amount for the damage of your property.

Call us for a free no obligation consultation or for advice on how to proceed: 800-654-3041.