Expect Delays with Claims – Hire A Public Adjuster
The WSJ recommends that small business owners hire a public adjuster to assist with claims.
If you are filing a claim under your homeowner’s policy because of Hurricane Irene or another loss, brace yourself: On major claims, it could take months to get through the whole process. Depending on the type and severity of your loss, there may be an on-site inspection, such as to confirm the degree of water damage. If your home is unlivable, you may receive one initial check to cover temporary living expenses and then other checks down the line, says Paul Stachura, chief claims and risk-services officer for Fireman’s Fund Insurance. Keep track of expenses, such as hotel and meal costs, and save your receipts, says Joe Kovar, a certified public accountant in Danville, Calif. If you have a small business, consider hiring a public insurance adjuster to assess the damage and organize your claim, which might include inventory and repair costs.
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