Michigan Insurance Claims – Public Adjusters and Loss Consultants

Fire estimates are a valuble tool in determing broad evidence on homes that are total loss.  Insurance companies generally pay actual cash value on homes and buisnesses when insureds do not want to rebuid and that generally means market value.  The State of Michigan allows the use of fire estimates on a broad evidence rule to determine actual cash value.  A soundly written fire estimate will insure a greater settlement on broad evidence and will also give an insured more money to work with if they have a loss in which there is an interest to repair.

Tags: actual cash value, Fire Estimates, rebuild

Most insureds do not realize that one of the most important documents in filing a property claim is a Sworn Statement in Proof of Loss.  Most policies require that a Proof of Loss be filed within sixty days of a loss or within sixty days of being requested by the insurance company on fire and water claims.  Failure to file may mean denial of your claim.  You should read your policy to make sure.  This stipulation is generally found in the section “Duties to the Insured”

Tags: insurance, Proofs of Loss, sworn statement

In Flint Michigan, police have been searching for a serial killer since May of this year.  Michigan Fire Claims Inc. is very active in the Flint area and would like to post our own warnings to all Flint and Flint Township residence to be careful and report any suspicious individual to law enforcement immediatly.  We hope that this individual will be apprehended and prosecuted to the full extent of the law.  The Michigan State Police will be holding a press conference tomorrow in Flint to give an update on there investigation.

Tags: Flint, Michigan Fire Claims

Answering the question of why mortgagees appear on any structure payments issued to policyholders on insurance claims in Michigan.  Most homeowner and buisness structure policies protect the mortgagee in what is known as the mortgage clause.  The mortgagee also includes trustee or loss payee.  If the mortgagee is named in the policy, then any the mortgagees interest would be protected and their name would appear on any instruments of payment by the insurance company.  There is also language written in most policies that will pay mortgagee’s an interest even when a claim is denied.  I would advise any policyholder to read the mortgage clause section of their policy verify those specific conditions and terms.

Tags: Insurance Claims in Michigan

The damage created by the tornado in Dundee this past week was unimaginable .  We spent several days consulting with city officials and tornado victims on how to file proper claims.  Several homeowners requested claim help.  Our company is doing as much as we can for all the victims involved.  I will update more on this subject on future postings.

Tags: Claim Help, dundee, victims

I have been asked many times what is and why are in insurance companies requesting and exam under oath. An examination under oath is an insurance companies way of attempting to gather information from an insured to not pay their claim.  It is as simple as that.  An insurance company has a right under the policy and will frequently ask for an exam under oath when they want to be difficult.  An insured has the right to be represented during the process and should further explore those options.

Tags: claim, euo, Examination Under Oath, insurance

After a loss, insureds should make every attempt to secure the property from any additional damage or theft and keep a record of costs.  Many investors and homeowners are unaware that their policies will reimburse them for theses expenses.  There are many examples of individules not protecting there property and insurance companies not wanting to pay for missing items after the fact.

Tags: Fire, property, protecting, theft

Michigan Association of Public Insurance Adjusters had a meeting March 9th in Farmington Hills.  The discussion revolved around the new residential public adjusting agreements adopted by OFIR.  We are in the process of scheduling another meeting sometime in the nears future.

Tags: adjusters, association, insurance

Most insurance companies require insureds to file a Sworn Statements in Proofs of Loss within sixty days of having a fire or flood.  Some insurance companies require that the Proofs are filed when requested by the adjuster.  Always check the policy language to protect oneself from missing this important deadline.

Tags: Fire Claims, Fire Help, Sworn Statement in Proof of Loss, Water Claims

Insurance companies are reporting more water losses in Grand Rapids and Detroit then in previous years.  Licensed Public adjusters at Michigan Fire Claims Inc. have had great success in dealing with insurance companies in water claims on behalf on insureds.  We look forward to consulting and advising any insured on proper steps to take in mitigating and managing their claims.

Tags: Detroit, Grand Rapids, Michigan Fire Claims, Water Loss