Friday at 2 with chip will be interesting today. The CEO of FAPIA, Nancy Dominguez, sent me a state farm policy that I have confirmed was the policy used in an evaluation in Florida. Here is the relevant language:
Assessment. If you and we do not agree on the amount of any loss under SECTION 1 PROPERTY COVERINGS, either party may require that the amount of the loss be determined by assessment. A requirement for assessment must be in writing. You must comply with SECTION I – TERMS, your obligations after loss before making a claim for assessment. At least ten days before it requires assessment, the party seeking assessment must provide the other party with written, specified documentation of a specific dispute about the size of the loss, and separately identify each object in dispute. simple alternative dispute resolution process. Do we need to list each nail and its value if nail values are in question? How about the work differences for each work item? I wonder who can qualify to become a valuer according to these policy conditions if the evaluation involves a unique work of art?
One person I spoke to indicated that those without licenses will have difficulty qualifying as assessors in Florida. I'm sure State Farm's intention was to get qualified people to act as assessors for an assessment. I assume that State Farm's intention was to remove judges or retired judges in order to act as judges because State Farm does not consider judges qualified to be fairly neutral. (I would say "just kidding", but just read the language.)
Forbes says Hire Public Adjustters
On another topic, FAPIA and Tim Cornett should also get a cry. Forbes quoted Cornett in detail in an article, Public Adjusters Help You Nail Homeowners Insurance Requirements :
Unlike an insurance adjuster, a public adjuster exclusively advocates for policyholders, says Tim Cornett. for the Florida Association of Public Insurance Adjusters. They are licensed and trained insurers.
"The financial interests of insurance companies are best served by convincing policyholders to accept the lowest possible compensation," he says. "The financial interests of public adjustments are directly linked to the interests of policyholders in order to receive full and fair compensation on insurance claims."
Cornett says that public adjusters are often more thorough in their claims analysis than business adjusters. It depends on their education and also because their loyalty is to you, the policyholder, and not the insurance company.
He says there is no magic claim that you should call an adjuster for. Instead, think of these as actions that you must take on a regular basis to get the most out of your claim. A public adjuster can also help you keep track of paperwork and deadlines. The
Forbes article also noted an example of how much money can be left on the table by a person who is not professionally represented:  General insurance adjusters are worth their weight in gold. That is at least the assessment of Carole Lieberman, whose home in Los Angeles was damaged by ash and soot after the Malibu Woolsey Fire tore through Southern California in 2018.
She filed a claim against her homeowner. Her insurance company offered her only $ 25,000, which would have covered only a fraction of her repair costs. So she hired a public adjuster, an independent professional who can help you settle an insurance claim. for their services. They work on your behalf to make sure you get what you are entitled to.
& # 39; My public adjuster is a master who continues to fight for me by proving to the adjuster that what we are asking for is valid & # 39 ;, says Lieberman, a physician. "We are up to over $ 500,000 [in reimbursement] now and counting."
Lieberman needed an adjuster because her high demands were low on her insurance company. Hiring a public adjuster for all large, complex or expensive home insurance claims can pay off. Some say you should call an adjuster when you feel that your insurance company is replacing you with a claim.
Join me at 14.00 (ET) this afternoon while we quickly discuss some of these developments. Here is the link.