Posted on: 12 December 2017
If you've suffered damage to your home, and the damage is covered by your homeowners insurance, you're going to want a team of experts on your side when you file your claim. That's the best way to ensure that your claim is handled properly, and that you receive the compensation you're entitled to. One of the professionals you'll need on your team will be an insurance loss consultant. While you may think that a public adjuster will be able to handle everything for you, that's not exactly true. Your public adjuster will handle most of the paperwork, and do most of the legwork for you, but they can't do what an insurance loss consultant can do. They can't provide the detailed reports you're going to need when you submit your claim. Here are three important services that your insurance loss consultant can provide you with:
Compiles an Accurate and Detailed Replacement Report
If your home is a total loss, you're going to need to have it replaced. Unfortunately, without the proper documentation, most insurance companies will base their replacement costs on the findings of their own claims adjuster. However, if you want to make sure that you get the full replacement value for your home, you're going to need to go one step further. You're going to need the detailed replacement report that your insurance loss consultant can provide you with. This report will include the total cost of everything involved in the replacement process including debris removal, abatement fess, and even asbestos testing and removal fees, which will be necessary if your home was built before a certain year.
Provides an Accurate and Detailed Loss Appraisal Report
Once the replacement value is determined, you'll also need to worry about the actual payout value. That's the amount that the insurance company will pay out to you, the insured. This report will include detailed information regarding the current value of everything involved in the loss, such as personal belongings, etc. This report is crucial, especially if your insurance policy covers current value for replacement.
Ensures an Accurate and Detailed Damage Report
If your home was severely damaged, but not to the point where it was a total loss, your insurance company will probably decide to repair and rebuild, rather than replace. If that's the case, you'll need a report detailing the total cost to repair and rebuild your home. This report will also include information regarding costs for restoration contractors to restore your home to pre-damage condition.
If your home has been damaged, don't take chances with your insurance claim. Hire an insurance loss consultant to help you through the claims process. For more information, contact an insurance loss consulting service.Share