 |
Insurance Claim - Loss Adjusters Visit? |
May 22, 2008 by ghetto_kartel | Posted in Insurance
I had a take in today from the loss adjuster who is handeling my insurance claim. The meeting went well and he seemed very understanding.
What is a loss adjusters r in an insurance claim? Is the loss adjuster the person who decides on weather or not a claim should be paied and if so the ammount to be paied out?
Thanks
No bovine answers from ray thanks
 That's unequivocally what an insurance adjuster does.
We investigate the claim - determine what coverage applies - write the guesstimate for damage and if appropriate - pay you.
Related Topics:
Boat Insurance Claim
Title Insurance Claim
Insurance Claim Procedure
| |
Insurance Claim? Loss Adjusters? |
Sep 02, 2008 by Ben W | Posted in Insurance
I recently made an insurance claim for £8000 for jewelry that was stolen from me during a alley robbery.
Its over 4 months since i made the claim and am being told that the loss adjusters are still making investigations. Is there any time limit, set by law, in which the insurers are alleged to give me a decision of my claim or can this kind of thing drag on for years?
Thanks for your help.
hi,
no there is no while limit in which the claim has to be settled. the loss adjusters are probably looking into it as it is a very high value claim and they have to get valuations etc. for the precious stones and get the insurance company to OK the costs.
if you are not happy with the length of time it is taking, keep chasing. if nothing happens readily at some time then make a complaint to them. i know it can take a long time, but they will have their reasons as to why it is taking so large.
Related Topics:
Insurance Claim Billing
Medical Insurance Claim Form
Farm Bureau Insurance Claim
| |
Can I File An Insurance Claim On My Renters Insurance Policy For A Loss That Happend 2 Years Ago? |
May 06, 2009 by tina | Posted in Insurance
I had a stealing that is covered under my renters insurance policy, but it was almost two years ago and want to know if I can still file that claim?
You're current to have a really hard time getting that paid.
If you filed a police communication at the time, you sure can try to file the claim. If you didn't file the police report, then there was no larceny, legally, and the insurance won't pay.
Related Topics:
Motorcycle Insurance Claim
Insurance Claim Adjuster Job
Insurance Claim History
| |
Can The Other Party's Insurance Company Claim A Total Loss And Take My Car? |
Jun 26, 2008 by Katie B | Posted in Insurance & Registration
We got into a fender bender with our 87 buick, and it was without a hesitate the other party's fault. The damages were assessed at $1000, but the car is worth about that, so they are saying that they can "perfect" our car and take it. Is this true?
We got into a fender bender with our 87 buick, and it was without a doubt the other fete's fault. The damages were assessed at $1000, but the car is worth about that, so they (the other party's insurance) are saying that they can "utter" our car and take it. Is this true?
Yes, they can salvation your vehicle. However, you can buy it back. The claims rep will deduct the salvage value from the settlement. If the ACV is $1000 and the redeem value is $200, you get $800 if you choose to keep the vehicle.
Related Topics:
Insurance Claim Problem
Insurance Claim Tips
Marine Insurance Claim
| |
How Much I Get From Insurance For A Total Loss Claim?? |
Jun 12, 2007 by Manuel G | Posted in Insurance & Registration
I bought a tractor-sundries vehicle for $37K. I still owe $24K... If this vehicle is declared total loss after an extra...How much I will get??
The actual value?? The original amount I paid for?? The amount I still owe???
Im asking because if I paid $37K originallly and the contemporaneous value of my vehicle is about $24K, which is the amount I still owe... What I will get at the end?? I mean, if I get $24K from insurance, I will need to pay off the amount I still owe, and at the end I will have NO Communication and NO MONEY..
So... Insurance pay the price I initially negotiated with the delearship it was purchased?? I moral bought it a year ago.
It charming much depends on the insurance you have and it's something your going to have to talk through with your insurance agent. When i had my last accident they declared my Blazer a come to loss and only gave me blue-book which of course wasn't even close to enough to cover a replacement. Most talented of luck .
Related Topics:
Insurance Claim Law
Insurance Claim Procedure
American Family Insurance Claim
| |
Can I Claim For Job Loss On My Auto Insurance Policy? |
Jul 11, 2009 by Brian | Posted in Insurance & Registration
I function in Kentucky. I hit a deer on the way to work and totaled my car. I was taken to the hospital, treated and released. The ER doctor gave me 3 days off of m due to injury and medication. My employer fired me because I did not have any call in days left. Can I file a claim for job loss on my accessory insurance?
You can claim for the three missing days wages but not for the loss of your job
Related Topics:
Title Insurance Claim
Farm Bureau Insurance Claim
Insurance Claim Laws
| |
Why Have I Got Loss Adjusters Coming To Look At My Insurance Claim? |
Aug 08, 2007 by silly | Posted in Insurance
hey
i had a disclose from my boiler a while ago now & put in a claim for insurance. they have said they will cover this & are getting the work settled for me. since putting in the claim i have noticed that the discharge had gone into one of my main storage cupboards & damaged a load of my stuff, since putting in this spare claim they are now saying they will put a loss adjuster on my case - what does this mean??
IT means, they're prevailing to assess the cost to repair the damage.
Related Topics:
Medical Insurance Claim Form
Insurance Claim History
Denied Health Insurance Claim
| |
How Do Loss Claims Affect Insurance Rates? |
Aug 01, 2006 by rykim718 | Posted in Insurance
How do you be sure when you should file a loss claim on your homeowners policy versus just eating it? Are there any rules of thumb? A confederate had his laptop stolen out of my car ($2,800). What will happen to my insurance premium if I file the claim on my homeowner's approach? Not sure what to do....
The conquer person to answer this question is your agent.
That said, claims histories do select premiums but exactly how varies from insurer to insurer. Insurance is a competitive business so what one insurance followers may consider a high risk, another may not. Do note that insurance exists to cover the risk of catastrophic loss - loss on an array of magnitude that an individual would not be able to handle on their own. (Such as if your house burned to the prepare.) Small claims are extraordinarily expensive and time consuming to insurance companies. Such claims exhaust an adjuster's time, the insurance company's resources and a small payout. Small payout, yes, but these claims are many times more everyday than major claims. So many that insurance companies generally set up departments that handle only small claims.
This is why making a shallow claim could result in higher premium or a cancellation upon renewal. Insurance companies compete to get and take on better insureds, meaning the ones who do not make such small claims and who breathe in areas and circumstances that are less likely to result in claims. Having a portfolio of trade that includes a higher percentage of such insureds makes an insurer more profitable, which in saunter makes them more competitive in the market place (meaning able to offer cut prices).
In your particular case, consider your own history. Do you have a history of frequently making lesser claims? Are you in a high risk area? You did pay for insurance so you should use it when you need it. Just note that retaining costs is one of the first-class ways to get lower premium rates. Retention can be accomplished by not making a claim or captivating a higher deductible.
Related Topics:
Insurance Claim Adjuster Job
Marine Insurance Claim
Funny Insurance Claim
| |
Loss Of Use Vs. Loss Of Income When It Comes To An Insurance Claim? |
Apr 23, 2007 by bikeworks | Posted in Insurance
I am still dealing with my advocate and adjuster concerning a fire I had at my business. The adjuster explained that I would have no loss of income since the company was event a slight loss, but he didn't mention anything about my loss of use.
Is there a difference between loss of income and loss of use, and how would I document such a thing?
You have be stricken through before for me, hopefully you'll do it again!
Loss of use is typically a homeowners coverage. It puts you up in a caravanserai until your house is fixed enough to be livable.
Loss of income - even if you're OPERATING at a loss, you still have expenses for operating - so it SHOULD still be relevant, even if the income isn't enough to cover your expenses.
The third coverage, or second that businesses have, is called Again EXPENSE. It would be, extra costs you incur to either 1. maintain your business at a fleeting location or 2. expedite the re-opening of your business. You know, rush vessel the replacement stock, etc.
Related Topics:
Insurance Claim Tips
American Family Insurance Claim
Insurance Claim Question
| |
Tax Deduction Question? Can You Claim Water Damages That Insurance Company Didn't Pay As Loss On Income Tax? |
Mar 25, 2008 by Pinklight | Posted in United States
I had bottled water damage on the ceiling in my kitchen, according to the insurance company's estimate, the damages would expenditure about 850.00 to repair...my deductible was 1,000. Can I claim the 850.00 that I have to pay for repairs as a Tax Deduction/Loss on my revenues tax?
If your modify damage was a "sudden event" and not the result of a slow give away the game, the damage could be claimed as a loss. However, the IRS has added a few rules. First you subtract $100 from the loss, your's is now $750. Then you take away from 10% of your adjusted gross income. If you made more than $7500 , then you would not be able to deduct any of the loss. There is no $1000 limit for a victim losses.
Related Topics:
Insurance Claim Procedure
Insurance Claim Laws
Claim In Insurance
Responses to insurance claim loss
EstesHERMINIA says:
Mar 22, 2010 at 12:15 AM
I received my first loan when I was a teenager and this aided my relatives a lot. But, I require the short term loan over again.
AIG Tumbles on Loss Reserve Questions
30.11.09
Shares extended losses behindhand in Monday's session after an already bearish Bernstein Research issued a report saying the insurer's loss reserves are "significantly skimpy" and slashed its price target on the stock by 40%. The stock closed down 14.7% at $28.40. Capacity of 40.7 million exceeded the issue's three-month daily average of 36.8 million. At the period's low of $28.04, the shares were down
Source: TheStreet.com
|
