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Insurance settlement blues…

Submitted by on Thursday, 8 March 2012No Comment

fire claim 150x150 Insurance settlement blues…

More often than you think, policy owners get the second round of bad news (after the actual disaster…) when the insurance company presents their settlement offer. In many cases we worked on, the settlement offers were sometimes up to 70% less than the actual rebuilding costs.

How is this possible? It happens mainly because about 9 out of 10 property losses evaluated by insurance adjusters are estimated less than their fair value, to varying degrees.

Not intentionally, necessarily. The insurance adjusters may be working hard to be fair and comprehensive, but they have time and resource limitation for each case. That may translate into measuring inaccuracies, missed damage, incorrect recording of the type of construction materials, etc. Small errors add up quickly, and the the impact on the settlement could be significant.

Also, if we are entirely candid, we must acknowledge that it’s not in the best interest of their employers that insurance adjusters are that thorough..

So what’s the cure for the blues? Michigan Fire Claims Inc. or 1.248.340.1900

There’s no one better to appraise your “actual” damage, negotiate with the insurance company and work harder for you, than the adjusters from Michigan Fire Claims Inc.

We make it our mission, after what you’ve been through, to get you some much needed good news when the settlement offer comes through!

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