Overhead & Profit — Getting What You Deserve

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

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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.

Advance: Getting a Good Advance on Your Insurance Claim

What is an advance? An advance is an early release of funds before the claim is fully settled.  

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When Global Patriot Adjusters takes on your claim, the first thing we do is looking to getting you an advance on the cost of putting your property back together.

We have many tools in our trade that allow us to make sure monies for your claim come in more quickly.

 
We will first look to getting an advance for part of the cost of repairs on your claim. At the same time we will look to file your contents claim for any damaged contents right away. We like to see both of these checks arrived for you within the first 30 days of working with you.
— Marc Lancaric, Public Adjuster & President, Global Patriot Adjusters
 

Getting an advance on your insurance claim is very important to getting things moving quickly. There often issues that slightly delay the finalization of a scope. With advances we can mitigate this problem and keep the process moving forward.

When you're faced with a loss that affects the quality and consistency of your life, we know you just want to be made whole as soon as possible. This is the very reason Global Patriot Adjusters asks for an advance as a public adjuster. We seek to get you every dollar allowable under your insurance policy.

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

Those trees and your insurance claim !

There's a fairly good chance if you live around trees one will eventually get you involved with your insurance company. There are 100 different ways your insurance company may look at such a claim for a tree falling on your home. The Global Patriot Adjusters we find that a great many of these tree claims result in major structural damage to your home.

We also noticed that many insurance companies try to minimize these damages to nearly 10 or 15% of what it actually cost to repair the damage.

We employ a staff a very experienced estimators to uncover every aspect of the damage to a building. We also call in engineers when needed to validate the claim with third-party evidence. We enjoy the ability to place the insurance carrier into an evidence-based argument that cannot be pushed away due to the preponderance of evidence.

If you have a claim resulting from a tree falling on your home it is important to stop and take exhausted photographic evidence of every aspect of the damage. Even before we come to assess a claim, we always advise insured individuals and companies to take many pictures so that we can show the time and date of when the damage occurred and what it look like on a certain date and time.

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With these types of claims we encourage owners to act very quickly because of the need to stop the damage to the home while adequately documenting all damage to the home during this process.

They well-documented claim can be closed completely with in 30 days if properly documented and advocated bar services. A claim that is not well-documented can often lasts up to six months before resolution is fully realized.

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