Reviewing your commercial insurance policies | Global Patriot Adjusters LLC

Reviewing your commercial insurance policies

After dealing with hundreds of millions of dollars in claims Global Patriot Adjusters LLC finds that commercial claims are among the most problematic in the industry. More often than not we find the commercial policies are lacking in some capacity to fully cover a potential loss for the business.

Marc Lancaric, Public Adjuster & President of Global Patriot Adjusters LLC noted; "We recently dealt with a manufactured house that did not have adequate coverage on half of the buildings on the properties. The manufacturing group had to spend over $400,000 that could have been covered by insurance for an additional $6000 per year. Worse still, the management of this manufacturing group thought that they had coverage on all of their buildings."

We offer a service to commercial clients to review their policies and find where there are holes in their coverage that we can take up or help them take up with their insurance agents.

We encourage everyone to look over the policies from time to time, but in the commercial sector it can be the difference between sustaining a business and having to shutter the doors forever.

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

Loss of Use / Additional Living Expense Coverage

Imagine that you had a problem at your home and did not think to have insurance to cover your costs while you have to be away during repairs. For many without this type of coverage, this is a truly harsh day.

We encourage all homeowners to carry loss of use coverage on their homeowners policies. These policies provide you a place to live while away from your home, and cover many additional cost for food outside of the home, along with needed items that are critical for day-to-day continuance of your lifestyle.

When you have this coverage your need for the services of Global Patriot Adjusters comes into quick focus. It is necessary, to avoid loss of monies you may spend, we negotiate what your expenses will be so there will be no surprises or non payment.

We were recently called in on a claim where these additional living expenses were being accrued very quickly by the insured. The insured had spent over $20,000 living away from the home while waiting on the insurance company to settle their claim. The insurance carrier had not provided any checks for additional living expenses prior to the time we were enlisted on the claim.

The carrier was denying their responsibility for roughly $7000 of this totals leaving the homeowners holding the financial bag. Worse still, the homeowners were living in a one room hotel room instead of having housing that was similar to the house they could not use presently.

Because we were enlisted latest on this claim, we had to do some very quick and harsh work on it getting the monies paid back to the homeowners while also dealing with moving them to better housing and paying the majority of all their expenses.

Your insurance company will typically call these expenses ALE expenses. The customer items that are paid for quite literally additional living expenses that are incurred due to the inability to use your home. These will generally include housing that is similar to the housing that you must leave temporarily and food that you must purchase while being away and not having access to a kitchen.

If you were able to quickly get into a condominium or house with a full kitchen, you would not have additional living expenses as it related to the food that you would normally prepare. You would however have additional living expenses for maintaining this rental property and these additional expenses would be paid by the carrier under normal terms for this type of coverage.

There are many occasions where loss of use coverage is claimed and used with no trouble whatsoever. However, there are many times when loss of use claims can be as difficult are more difficult for a homeowner to settle then a typical house damage claim. When faced with this occurrence we encourage homeowners to contact us for our assistance immediately.

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.

You likely should not trust your Insurance Carrier's Adjuster

This may seem like a startling thing to say, but most of the time however well intentioned, your insurance adjuster may be his or her loyalties rarely align with your needs and rights. It is very likely that your insurance adjuster sent by your carrier will not fully understand your policy through the exhaustive review the Global Public Adjusters would do. This fact alone will cause the scope of damages to before less than allowable under the policy you purchased to protect your property.

While we, as public adjusters, we can help you at any time during your claim. It is good to contact us as early as possible. Early access to your adjuster sets the relationship with your insurance carrier in a much better posture for a positive outcome to your claim.

We say that your insurance carriers adjuster is not your friend, because there is no guarantee he or she has your best interest at heart. You will find this to be an even more exhaustive problem when there is a large event causing thousands of properties to have damage.

Sometimes it is not the intent of your carrier or adjusters to not give you an equitable claim, it is a reality that they do not have the attention span necessary to settle it properly.

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.

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.