Home Insurance Claim Adjuster Secret Tactics
As a house-owner , you depend on your home insurance policy to get fund in case of unforeseen damage to your property. However every house-owner must be aware about the home insurance claim adjusters secret tactics. These tactics goes unnoticed due to our lack of knowledge on this topic and desperation.
Dealing with an home insurance claiming company can be pretty frustrating and challenging process. Adjusters make use of various unfair tactics to minimize our claim , leaving you feel helpless and undervalued. In this guide, we will delve into detailed explanation of tactics used by adjusters.
Before exploring the home insurance claim adjuster secret tactics, let's have a look into some of the common house insurance claims :
- Fire & Lighting
- Storm Damage
- Theft
- Water Damage & Flood Coverage
- Personal Injury
TACTICS EMPLOYED BY HOME INSURANCE CLAIM ADJUSTERS
1. Undervaluation : Underestimating the actual value of your claim
Undervaluation or lowballing is the one of the most common home insurance claim adjuster secret tactics. Insurance adjusters may offer you a settlement amount which undervalues the actual cost of your claim. Most of the time house-owners agree for the settlement due to desperation and lack of knowledge about the true value of your claim.
2. Delaying : Stretching the period of insurance claim process
Insurance claim adjusters may try delaying tactics to frustrate the claim holders, which results in to acceptance of a lower claim than the actual value. They may request additional documentation, multiple inspections and may not respond to your email or calls for lengthening the claim process.
3. Depreciation in the value of asset due to wear and tear
Insurance adjusters may attempt to negotiate your claim by factoring in depreciation. They might say the damaged property is not worth their original value, it will be valued on the basis of properties age, wear and tear.
4. Exclusions : Denying claim by policy loopholes
Another home insurance claim adjuster secret tactics is exclusion of the claim by making use of policy loopholes. Many insurance adjusters argue that the damages are not covered under your policy. That's the reason they make the insurance documents too long as well as complicated.
5. Manipulating you into accepting fault
Insurance company may try to manipulate you to accept the faults. They might say that the property damage occurred before or long after the disaster. Insurance adjusters may ask tricky questions to make you accept the fault.
6. Fake Deadlines
In-order to pressurize you and make you accept the claim the insurance adjusters might set a false deadline for collecting your claim. They will try to convince you saying it is the maximum settlement amount which can be given for your loss, and you are supposed to collect it before a given deadline. They might also inform you that if you won't collect the amount before deadline then you won't get even a single penny for your claim.
7. Unnecessary Documentation
Insurance adjusters may ask you to submit your photo, receipts, insurance bills and other information. However they may use some tactics here asking for some old data, like they may ask about invoice of your 10-20 years property which got damaged. They may even ask for some documents which you don't have to settle you for a low compensation.
8. Intimidating : Threatening you saying not to seek legal help
Insurance companies threatens or discourage you saying not to seek help from attorneys since they are scared of attorneys. Insurance companies know well that an attorney knows about the complex policy and can help you in receiving the rightful compensation which you deserve.
STRATEGIES TO PROTECT YOUR RIGHTS & INTERESTS
1. Deep Research on your policy coverage
To get maximum benefit out of your home insurance claims , you must thoroughly understand your policy coverage by doing an in depth research. Get information on the percentage of cover, what all damages are included, terms & conditions and other exclusions in your policy coverage.
2. Document & preserve evidence
The moment your property get damaged due to some disaster, make sure to document and preserve evidence from that moment itself. Take photographs and videos of the your damaged property. Maintain records of the communication with the insurance company and adjuster, while doing so include dates, time and summary of your conversation. Documentation will strengthen you claim while negotiation.
3. Seek professional help
Seeking help from a an attorney or a public adjuster can significantly help you in claiming your insurance amount. They posses excellent knowledge of insurance policies and home insurance claim adjuster secret tactics.
4. Know your rights and regulations
Educate yourself with your rights as insurance holder and the insurance regulations specific to your state. Each states has its own set of laws governing the insurance claims and settlements. Understanding these regulations will empower you to analyze any violations and take necessary actions by seeking help from an attorney or public adjuster.
CONCLUSION
As an house-owner it's much important to be aware of the home insurance claim adjuster secret tactics. By knowing your rights, documenting evidence, seeking help from attorneys and responding strategically to the settlement offers are key steps to achieve a decent settlement amount.
Exactly true, they use cheap tactics to minimise our claim
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