The Home Business the Insurance Companies Don’t Want You to Know About

What are Public Adjusters?

Public adjusters are advocates for home and business owners in the insurance claims process. They are trained to accurately interpret the insurance policy, and by so doing, represent the home owners best interest in the settlement of the claim. Many times, this representation amounts to thousands of dollars in favor of the home or business owner.

Art Latannzi, a Cherry Hill New Jersey Public Adjuster, clarifies by saying, “An insurance “Claims Adjuster” is working on behalf of the insurance company. Typically, they are looking to minimize what is being paid out. A “Public Adjuster” is working to represent and protect the rights of the home owner. There is a huge difference in the outcome of a settlement when a Public Adjuster is used.”

Public Adjuster Career

Public Adjusting is a lucrative career that can easily be worked from home. Michael Martinez, top industry trainer and owner of the largest industry specific channel on YouTube (find it by searching YouTube keyword “NJ Public Adjuster”), encourages people by saying, “The Public Adjuster Career is the best kept secret in America. There are very few careers where you can make a great income, truly help people, and do it with minimal time expenditure. That’s what makes this such a great opportunity.”

Mr. Martinez states,”The biggest task of Adjusters is to educate people on their rights. Unfortunately, most home and business owners don’t know that they can, and obviously should have someone representing their rights in cases such as these. Tragically, many don’t even know that we even exist. In fact, in 2016 over 5 million home insurance claims were placed in the US. Of those, less than 5% were represented by Public Adjusters. That tell us that most home owners were at the mercy of their insurance companies. This is what makes this such a great entrepreneurial opportunity.”

Returning to the claim placed by Maritza Roman, when she hired a Public Adjuster and the claim was reopened, she received a new settlement of over $9700. That same claim was originally settled by the insurance company for $58. A considerable difference when you have representation. That is what makes being a Public Adjuster a valuable service.

Insurance Policies and Adjusters – Is the Insurance Company Trying to Cheat Me?

We’ve all seen the television ads. An attorney speaking to the camera tells the public, “Don’t talk to the insurance company adjuster! Don’t make any statement! Call an attorney!” Public adjusters tell claimants the same thing. Why? Are all insurance companies out to cheat their customers? If so, how do they survive selling insurance year after year and why in the world would anyone buy a policy from a company that cheats on its claims?

Understand that practicing law is a business. Attorneys want to make money, just like any other businessman. It is in the attorney or public adjuster’s best interest to convince the public that policy holders cannot trust insurance companies.

The real underlying problem is that insurance policies are hard-to-understand contracts. That’s right! Insurance policies are contracts. All those paragraphs and provisions that policy-holders never read…each is part of the contract and governs what will be paid, what will be denied and who or what is covered.

Since policy-holders don’t pay much attention to what the policy actually states, they are often out-raged when a claims adjuster denies a claim. “I thought I was buying full coverage” the surprised home-owner cries. When the adjuster points to the contract that EXCLUDES coverage for the claim, they immediately think they are being cheated.

Many homeowners damaged in Katrina were shocked to find out that flood is not covered by homeowner’s insurance. Now it doesn’t take a rocket-scientist to figure out that if you are living below sea-level in New Orleans, you may want to be sure that you are covered for flood. When the policy-holders in New Orleans were denied coverage for flood as the policies stated, they hired a lawyer to sue. The lawyer was creative. He tried to redefine the definition of flood, claiming that it was the failure of the levees that caused the damage to the homes, not the wall of water that was released.

The court ultimately disagreed finding that flood is commonly understood to mean ‘flood’…damage by water in simple terms.

It is in the best interests of the insurance company to have a satisfied claimant. It is in the best interest of any business to have satisfied customers. That bodes well for the future of the company. But it is not in the best interest of a company to pay claims that are not covered by the policy, or to pay too much for a claim. Insurance companies want to pay the least reasonable amount they can for a claim, and it is up to the claimant to prove what the claim is worth…not the adjuster.

Bottom line is, you have to be your own advocate. Read your insurance policy. Ask questions about items you don’t understand. Make sure you have the coverage you need and want. After a loss, it is too late!

Benefits of Taking a Check by Phone to the Insurance Company

Insurance is one of the fields which are definitely a headache for its employees. I mean to say that it is a very tough job and some of the employees are quite busy all the time. They have to roam here and there to all the corners of the city and even states to make sure that they get their job done. The biggest headache is with the insurance agents. They not only have to develop new leads and generate the listing, but they have to also make sure that they collect the premium. Hence they search for new technologies through which they can easily collect the premium.

One such method which has been evolved ten years back is the electronic checks. Let me tell you that it is a major invention in 21st century. There are three kinds of Electronic checks. However I am going discuss the advantages related to check by phone for insurance company.

As we all know the phone is one of the oldest telecommunication methods apart from telegraph which is still being used. We can now convert the analog signals into digital signals. However this is not the issue. The conclusion is that we can transfer the information through phone in a much secured manner. Hence check by phone is a good alternative for payment techniques.

Some of the advantages which are being enjoyed by the insurance companies are as follows:

1. The first advantage which I see is related to the traveling. The insurance agents are now free from traveling a lot. They just have to make the effort one time for generating the lead. Once they are able to generate the listing, then they have to sit back in the office and easily gather money with the help of check by phone method.

2. The second advantage which you will enjoy is the customer satisfaction. It has been found that the customers do not make the timely payment because they do not want to go to the office and submit the cash. But now with the evolution of check by phone, it is possible to sit back at home and then make the payment with the help of check producing software. Hence survey suggests that now there is more timely payment.