In 2017 a major insurance carrier decided to underpay a claim by 8,750%! This is not an exaggeration. I am sure you are asking- how did that happen? The following is the story of the claim.

Here is the claim story.

Here is the story:

The homeowner's roof was damaged in a hailstorm. The homeowner filed a claim with their insurance company, which denied it. The homeowner then hired a public adjuster to help with the claim.

The insurance claim appeared to be a no-brainer.

The claim appeared to be a no-brainer. The fact that the insurance company denied it is not surprising given their reputation for finding every possible reason not to pay claims.

The total amount of the claim was $27,680.27

As we discussed in past blogs, it takes time to get an accurate estimate of damages.

As we discussed in past blogs, it takes time to get an accurate estimate of damages. While you are busy with the insurance company and your own attorney, the insurance adjuster is working hard at trying to lowball your claim and make it go away. The best way for them to do that is by denying the claim altogether (or making a very low offer). If they pay too much, then you will have to pay more when they renew their policy next year!

What can you do? Your best bet is to hire an experienced Public Adjuster who knows how these companies work and can fight for YOUR rights as a consumer/victim!

A proper evaluation of loss must include a total repair of the damaged areas.

In this case, the insurance company is refusing to pay for repairs that are necessary. The proper evaluation of loss must include a total repair of the damaged areas. This means that if your car must be completely stripped down, painted, and rebuilt from scratch, it should be done at full cost. If you need new parts from another car or from a supplier, those costs should also be fully paid by the insurance company.

If you’re lucky enough to have an expert who can properly assess your claim for damage (or even better: if you have access to an attorney), they will know how to make sure that all necessary repairs are made at full value—and not just what some insurance adjuster says they are worth on their computer screen.

We need to document everything in case there is a lawsuit later on.

It's important to keep good records of the damage, the repairs, and all costs. You'll need proof that they did not pay you properly in case there is a lawsuit later on.

• Take photos of the damage and after-repairs photos showing that it was fixed properly.
• Keep receipts for all repairs. Don't throw them away until you get paid in full by your insurance carrier!
• Keep invoices from any vendors who helped with your claim (such as plumbers or electricians), including copies if possible, which show what work was done and how much each vendor charged for their services.

This is why using good construction estimating software really helps!

You've probably heard a lot about how good construction estimating software can help you. You've also probably heard that it doesn't do everything, but what exactly does it do and why is it so important?

Let's start with the basics. What is construction estimating software? It's a computer program that you use to estimate costs for your construction project. The software uses formulas and algorithms to calculate labor hours on job sites, equipment hours at job sites, and lots of other factors that determine how much time and money go into different aspects of your project.

Why do contractors use this type of software instead of just using pen and paper? Because the calculations are complex! A full-blown construction process includes hundreds (or even thousands!) of variables—all of which have an impact on price—so calculating costs manually would take forever! Plus, using computer programs makes it easier for people with different skill sets: anyone who knows how to use a keyboard can enter data into these programs; they're also easy enough for non-techy users like accountants or engineers who want to get involved but aren't used computers as part of their everyday lives yet feel comfortable enough after taking some training classes offered by their company's HR department those kinds

What kinds of things might not work out well when using one method over another - like learning how quickly certain tasks take compared with others (and therefore how much money should be spent on them).

Conclusion

These stories reinforce the need for accurate, thorough, and comprehensive estimates of damage. The insurance industry is one of many industries that cannot afford to make mistakes.