In the case of a huge storm like Hurricane Sandy, which affected millions of homeowners and renters, insurance company delays could be even longer than the gas lines last weekend.
What can you do?
Hire a public insurance adjuster, who will assess your property’s damage, help you file claims, and get reimbursed.
When you file a claim, your insurance company sends out their own adjuster to gauge what is and is not covered by your policy.
A public adjuster works for you. Their job is to help you get the most out of your coverage. One study found that people who worked with a public adjuster did get larger settlements. But don’t expect a miracle, advises this article.
More people are hiring their own claims adjusters, says David Barrack, executive director of the National Association of Public Insurance Adjusters (NAPIA), in part "because of more extreme weather events around the country."
Adjusters are paid based on a percentage of the settlement, usually 10% to 20%. You can find a licensed pro in your area through NAPIA.
One study found that people who worked with a public adjuster did get larger settlements. But don’t expect a miracle, advises this article.
Also, bear in mind that adjusters are paid based on a percentage of the settlement, usually 10% to 20%.
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Happy Holiday Alert!