Three Ways Adjuster Shortages Can Impact your Claim

Insurance adjusters are in high demand following a disaster. This is ideal for insurance adjusters but not so great for property owners. Shortages of insurance adjusters lead to undesirable circumstances. The US is no stranger to natural disasters. America gets drilled with countless treacherous weather conditions, from storms and wildfires to tornados and blizzards. When a disaster is widespread, the area affected might lack claims adjusters to address all reported claims. This crisis leads to extended waiting periods for property owners to receive payment for their losses. Our public insurance claims adjuster handling property claims in Orlando, FL, proposes this information on how adjuster deficiencies may influence your claim.

Insurance carriers take advantage of policyholders

Your insurer understands when there is a shortage of public adjusters; they know you are more vulnerable because of this deficit. Because it is in their highest interest to settle your claim as fast as possible and pay the lowest expense possible, they will do anything possible to underpay your claim. After all, they likely deal with countless claims, so they do not appreciate getting caught up with an individual claim. In addition, significant disasters cost insurers millions, so they are motivated to lower payouts wherever feasible to keep profits flowing.

Cut-rate adjusters force quick settlements

Another result of a public adjuster deficiency can hurt your bank account. If there is significant demand for public adjusters, then even the best adjusters are more motivated to settle claims quickly with an insurance carrier to move along with other clients. Instead of fighting to their best capacity with your insurer, your adjuster might be more willing to take a negligibly lower offer than anticipated to move on to the next customer since they get paid regardless. Don't forget that your public adjuster gets paid after receiving a settlement offer from your carrier. They get paid a portion of the payment varying from 5 to 15%. The difference between a $4,000 and $5,000 payment is probably not a huge deal to a public adjuster. But, the difference between a $40,000 and a $50,000 payment from an insurer is substantial for a policyholder.

A wave of unskilled public claims adjusters

You just lost your home to a catastrophic tornado. You have attempted to hire a public claims adjuster to manage your claim, but you cannot locate a suitable adjuster in the region. Then, you hear a knock at your door one afternoon. It is a public adjuster stating he would love to handle your property claim. Naturally, you are excited and sign a contract quickly. Sadly, this is not always wise. After any strong disaster, there is typically a swell of unqualified adjusters expecting to cash in on the occasion. These adjusters travel to locations impacted by catastrophes because they are confident they will discover work, even if they are unqualified or not great at their job. Ultimately, one of the most significant consequences of an insurance adjuster deficit is a swell of uncertified, unregistered, or incompetent public adjusters.

These are some manners public adjuster deficiencies might affect your property claims in Orlando, FL. Contact us directly for help from a qualified public insurance claims adjuster. We are here to help.