An insurance adjuster is someone who investigates claims to determine how much (or if) your insurance company should pay you for damages/losses to your stuff or place. What is an insurance adjuster, and what is a claim adjuster? An insurance adjuster, also known as a claims adjuster, determi...
If you’ve recently experienced a loss or damage to your property and need to file an insurance claim, you may have come across the term “RCV.” But what does RCV mean in the context of insurance claims? Don’t worry, we’re here to demystify it for you. RCV stands for “...
Case Studies: What does renters insurance cover? The Bottom Line on What is Covered by Renters Insurance Frequently Asked Questions What is the point of renters insurance? What is typically covered by renters insurance? What are the three major parts of a renters insurance policy? What’s th...
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In most cases, a jury does, not an insurance adjuster. If an adjuster tells you that you bear 10 percent of the fault because you were speeding, don’t accept that as gospel. They are not the boss (although they think they are!). ...
In the event of a sinkhole, aclaims adjustermay visit your home with other experts, like a geologist or engineer, to survey and investigate the damage before determining the cause of the claim and the cost of repair. There are two main types of sinkhole insurance — sinkhole loss coverage ...
When the insurance adjuster makes his or her scheduled inspection, every detail counts. Make sure your losses are documented by taking pictures of water-damaged interiors and belongings. Keep these digital records in one file for easy access. Power Tip: Use this technique to organize estimates ...
What does condo insurance cover? HO-6 policies are structured similarly tohomeowners insurancepolicies. But,howyou’re protected is slightly different. With an HO-3 (the most common home insurance policy type), the home’s physical structure is covered under the dwelling portion of the policy fo...
Insurance Claim:After an insurance adjuster inspects damage to a home or property, an insurance company will disburse money for repairs, based on the terms and limits of policies such as a homeowner's or automobile policy.3 Business Operations:Disbursement is part ofcash flowand a record of da...
Public adjusters will make their own assessments of damages to the home, the report of which you can then submit to your insurance company. While in theory, the public adjuster has the best intentions of the policy owner in mind, always be mindful if hiring one. A homeowner’s inexperience ...