General Contractors and Your Insurance Claim?

Many homeowners try to save money after an insurance claim by operating as their own general contractor, or hiring a great many unlicensed trades. This decision is often well-intentioned but accidentally a costly mistake.

Your insurance carrier is going to request documents which prove you conducted the repairs which were approved and negotiated by your public adjuster. When you do not have the needed paperwork to prove out the proper use of the insurance funds for the scope that was approved, the insurance company will often not supply more money or provide final money for the rebuild.

At Global Patriot Adjusters we can work with you and your contractor to assure the proper scope is addressed in a way that your insurance company will not give us a hassle and getting you paid. This will also assist in allowing us to collect additional funds for additional needs that show up during the rebuild project.

We have seen countless examples over the years of well-intentioned property owners who have found themselves in a true trick bag when their insurance company demands paperwork that never was produced. The moral of this story, don't be afraid to higher it licensed contractor to work the exact scope we provide you that will be paid by the insurance carrier.

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

Understanding the Air Conditioning and Flood Coverage | Global Patriot Adjusters LLC

In the last $50 million in homeowner claims we have produced, more than 70% of those homes with outside air conditioning equipment, are faced with a special risk for additional loss.

You have two parts of your HVAC system, Outside Condenser Unit and Interior Air Handler.

The Condenser will be covered by your flood claim. It usually sits on the ground, and thus, it is covered.  The air handler (inside), however, is generally not covered.   This is the problem; your condenser and your air handler are the same age, the same technology, the same coolant.  If you go to replace the condenser in a flood claim, you will likely find the entire system must be replaced by code, or by necessity of compatibility.

The homeowner is usually left with $2,000 – $4,000 in cost for HVAC over and above the insurance covered amount.  For this reason, we suggest you take the lead from many we worked with during the aftermath of Hurricane Katrina. Instruct your contractors to install your outside HVAC unit above the 100 Year flood level.

You will never again have to deal with the need for flood coverage for this vital piece of equipment.

Contact us at Global Patriot Adjusters LLC for help with getting your claim moving fast with the right Public Adjuster on your side.

Contact Us for quick action on your claim, call 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.

Understanding ACV & RCV - Marc Lancaric - Public Adjuster

Two of the most misunderstood insurance terms are Actual Cash Value and Replacement Cost Value.

Understanding the basics of these terms will help you understand some of your insurance paperwork. Generally speaking the ACV is smaller than the RCV number.  In most policies you get paid "recoverable depreciation" after you do the work or replace the damage items. This is generally the difference between RCV & ACV . (RCV-ACV=Recoverable Depreciation)

Understanding ACV & RCV

Actual Cash Value (ACV) - Cost of replacing damaged or destroyed property with comparable new property, minus depreciation and obsolescence. For example, a 10-year-old sofa will not be replaced at current full value because of a decade of depreciation.

Replacement Cost Value (RCV) - The dollar amount needed to replace damaged personal property or dwelling property without deducting for depreciation but limited by the maximum dollar amount shown on the declarations page of the policy.

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