How To Settle
Property Damage Insurance Claims
THE PUBLIC ADJUSTERS EXCLUSIVELY FOR COMMERCIAL & MULTIFAMILY POLICYHOLDERS
THE PUBLIC ADJUSTERS EXCLUSIVELY FOR COMMERCIAL & MULTIFAMILY POLICYHOLDERS
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Commercial, Multifamily and High-Value Residential Real Estate owners trust ICRS public insurance adjusters to settle commercial insurance claims
You can hope or you can plan, either way, your real estate assets are always at risk of being damaged and your insurance company’s representatives are coming to adjust your claim….their way.
Property owners trust Insurance Claim Recovery Support to represent their interests pro-policyholder to get the settlement they deserve.
Busy commercial building owners don’t have time or expertise to deal with large and complex property damage insurance claims… let the professional public adjusters at Insurance Claim Recovery Support get you the maximum settlement you deserve in minimum time!
You can wing it on your own or you can hope your insurance company will indemnify you fairly, promptly and in good faith, you can do nothing, or you can choose to get professional public insurance adjusters to negotiate the settlement you deserve.
Promises, Promises, Promises
Promises of good faith claims handling and outstanding customer service are pledges often made by insurance companies. Sadly, the reality of the policy sold in relation to this goal is often lacking. Property insurance companies today compete against each other in an oligopoly that creates an incentive for some insurers to cheat in their claims handling practices. Bad faith jury verdicts of improper claims-handling practices fuel policyholder distrust, uncertainty, loss of control, and massive financial stress. Even the Supreme Court of Texas has been quoted saying, “the insurance claim process is inherently adversarial. The adversarial process begins as soon as a claim is filed and ends only when the resolution of the claim is finally determined and accepted by the parties.” Barbara Techs. Corp. v. State Farm Lloyds
Truth, Facts, Duties
The truth is, policyholders carry the burden of proof while insurers have a duty to perform a good faith claims investigation. Therein lies the rub. Adjusting insurance claims have an inherent conflict of interest built into the process. The insurance company and its representatives represent the insurer’s interests, not the policyholders. Insurance companies also typically have both shareholders and policyholders.
Our philosophy is simple, get a fair and prompt settlement while avoiding unnecessary litigation and appraisal.
Many Policyholders feel the same way. Insurance companies are masters at pontificating the belief that you’ll be covered under your policy but when dealing with insurance claim disputes that lead to underpayments or delays, most policyholders are unaware that they have options, rights and remedies to settling property damage insurance claims by working with an ethical public insurance adjuster like ICRS. Many policyholders have certainly felt the urge to hire an attorney, file a lawsuit to sue their insurance company, go through subpoenas, depositions, discovery, mediation and court when they are convinced their insurer has acted in bad faith. What many policyholders have found is that the legal process takes a lot of time, and adds stress. Our clients share the view opinion that the best course of action in settling a claim is to engage ICRS, public insurance adjusters, at the beginning of a claim, present evidence that supports the policyholder’s position, comply with policy terms, assert relevant statutory insurance codes, expert opinions, department of insurance bulletins, evidence of damage, evidence of occurrence, make a demand for payment to the insurance company and negotiate a fair settlement that is approved by you, the policyholder.
If a policyholder has exhausted all reasonable and necessary efforts to avoid unnecessary litigation to settle a claim and is forced to sue after making reasonable efforts to settle an insurance claim dispute with supporting evidence, documentation and presenting a valid argument for coverage, then we have multiple experienced attorneys who typically also work on contingency we are happy to refer some of the best property damage insurance attorney is the nation. Our claim package submissions are built in a fashion that reasonably supports the documentation requirements as evidence for the policyholder’s claim if a lawsuit were filed by the insured due to an ongoing dispute or impasse. ICRS public adjusters’ Pro-Policyholder claim submissions are included in any potential litigation and further demonstrate the length that you, the policyholder went to avoid litigation.
The smart and proactive choice is to retain the experienced Licensed Public Insurance Adjusters at ICRS who specialize in settling large loss insurance claims representing only policyholders before there is a problem or at the first sign there is an issue.
If you need help on a claim, or you are not totally comfortable with what needs to be done, ask for help! It’s better to recuse yourself than do harm through ignorance.
Unfair Claim Settlement Practices
Every state’s insurance department has made an effort to prohibit unfair insurance practices and protect the interests of consumers. What is considered fair or unfair claims practice is regulated by all states in which claims practices are deployed. The national program of regulation is known as the National Unfair Claim Settlement Practices Act, and every state has its own version.
Most state insurance law prohibits some very general behaviors or practices; yet these behaviors can result in very significant penalties if a carrier or adjuster engages in them:
You wouldn’t think that complying with these requirements would be that difficult, yet you would be surprised how many don’t.