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Natural Disaster Public Insurance Adjuster

Licensed and Bonded Los Angeles Property Damage Claims Adjuster

Natural Disaster Public Insurance Adjuster

Natural disaster insurance claims after a catastrophe can be intimidating. Adjuster Pro Inc. is licensed and bonded company with experts prepared to support YOU in getting the largest possible settlement for your damages. There are multiple steps that need to be taken when a natural disaster occurs, below we will go over them in-depth.

Why would it be important to Contact a Professional Disaster Adjuster?

When a natural disaster has occurred, don’t wait to contact Adjuster Pro Inc before communicating with your insurance company. This is typically what you need to find out: if the damage is covered under the terms of your particular policy, how long you have to file the claim, whether or not your claim surpasses your deductible, how long it’s going to take to process the claim and whether or not you need written estimates for the repairs. As a homeowner, you need to take the proper steps to confirm that your property is protected from extra damage until the issue can get fixed. This is the point when you save your receipts and keep track of what you spend to give to your insurance company later for reimbursement.

Insurance Claims Adjuster Los Angeles

Your insurance company will most likely send out someone known as an adjuster. The natural disaster public adjuster is the person who is professionally qualified to assess damages. This is why it is imperative to have information about your lost or damaged possessions and their approximate date of purchase so an estimate can be made about their worth. Replacement cost policies will provide you with the specific dollar amount needed in order to replace a damaged item with another that is similar/same quality. Cash value policies pay out the amount needed to replace the item minus the depreciation value. Let’s say, for instance, your home was damaged beyond repair. A homeowner’s policy will pay to exchange it up to the limits of the policy. With an extended replacement cost policy, your insurer will a set percentage that exceeds the limit to rebuild your home. Homes that are mobile may have a stated amount policy. This is where the maximum amount you receive is the sum you agreed upon when the policy was issued. Insurance policies typically always provide adequate coverage that pays for the costs following a disaster.

What are some of my Options for Rebuilding and Repairing my Home?

When upgrading or making your repairs, you have several options. You can have your home rebuilt at the same place it was, you can decide to rent it out instead, or depending on state law, you can sell the land and buy or build a home in a different place. In the case that you decide not to rebuild, then the settlement payout is determined on the state law and what type of policy you have. If you decide to downgrade, or replace all of it at a lower cost, however, you are not entitled to the difference of what could have been paid out. Compliance with building codes requires structures to be built to certain criteria, or standards in insurance policies. For example, if you reside in an area where there are hurricanes, your property must be able to withstand harsh winds.

When both the dwelling and the internal/external contents of the home are damaged, then you will most likely get two separate checks. One check will be for the home repairs made to you, and the other to your mortgage lender (if applicable). When you are enabled a mortgage, lenders will usually require that they are named in the homeowner’s policy, therefore, any insurance payments related to the structure to ensure necessary repairs are made the structure. This means that the mortgage company or the bank will endorse the check. Usually lenders put the money in an escrow account to pay for the repairs as the work is done. It is your job to show the mortgage lender your contractor’s price and let them know how much money will be needed up-front to complete the job. Some mortgage companies will want to inspect the job to make sure the work is satisfactory before issuing payment.

Here’s the best part. When you have a replacement cost policy for personal belongings, you will always need to replace the damaged items way before the insurance company will pay you out. When you do not replace some of the items, then the insurance company will pay you for the cash value amount of the actual loss.

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