Settling Property Damage Insurance Claims the Hard Way!
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.