Common Insurance Claims Terms Defined

When you are faced with the reality that you must file an insurance claim, you may have a lot of questions and concerns. That’s where our insurance adjusters come in. We work on your behalf, every step of the way, to help you not only file an insurance claim but understand the process as well. We will even speak directly with your insurance company on your behalf.

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As public insurance adjusters for Wisconsin, we may take care of the hard work for you; however, we also understand you like to stay in the loop as well. There can be a lot of jargon being thrown around and we are here to help you understand the sometimes confusing lingo of the insurance world. So we thought we would take the time to define some of the most commonly used terms you may encounter when navigating the insurance claims process. And, when you need help from a trusted, professional insurance claims consultant, don’t hesitate to contact the experts at Norcia Insurance Consultants!

Actual cash value – The value of your property, based on the current cost to replace it minus depreciation. Also see “replacement cost.

Adjuster – There are two different types of insurance adjusters. First, there is an insurance company adjuster, who works for the insurance company. Then there is a public insurance adjuster, who works independently of an insurance company and is usually hired by the claimant.

Claimant – The person making the insurance claim.

Complaint – A written communication primarily expressing a grievance against an insurance company or agent.

Deductible – This is the amount of money the policyholder must pay before the insurance company will pay out.

Loss – The amount an insurance company pays on a claim.

Policy – The contract issued by the insurance company to the insured.

Policy owner – This is the person who owns the policy. Usually it is the person who is paying the premiums and is the only person who is allowed to make changes to the policy.

Property damage (PD) – Physical damage to property.

Replacement cost – Insurance coverage that pays the dollar amount needed to replace the structure or damaged personal property without deducting for depreciation but limited by the policy’s maximum amount.

And, these are just some of the common insurance claims terms that you may come across during the insurance claims process. Luckily, Norcia is here to help! For more information on insurance adjusters in Wisconsin, call Norcia Insurance Consultants at 1-866-512-LOSS (5677) or contact us for a Free Consultation.

Insurance Claims Tips from Seasoned Insurance Claims Adjusters

So you’ve experienced a problem that warrants an insurance claim. When should you tell your insurance company? Should you tell your insurance company? How do you know everything you’re entitled to? These are just a few of the questions many homeowners have when the worst happens and it’s time to file a claim. As seasoned, trusted insurance adjusters for Green Bay and the surrounding areas, we would like to answer these questions and more to help you know what to do in the event it’s time to file a claim. And, if you still have additional questions about your claim, please don’t hesitate to give our insurance adjusters a call for help, guidance and information about the process. We can even offer you a free consultation.

insurance adjusters green bay

First, when to file a claim. Typically, it’s in your best interest to make a claim as soon as possible. The sooner you make a claim, the sooner you can start the repair, remediation, and recovery process. However, if you would like guidance from the very beginning, contact our insurance adjusters and we can file a claim for you.

Also, insurance companies expect you to mitigate losses using resources available to you. If your home has recently experienced flooding, fire, or roof damage from a storm, then you have a responsibility to limit this damage wherever possible. You may not be an insurance expert or understand much of your insurance policy, but we can help you understand these conditions and what is expected.

How do you know if you should file a claim at all? First, establish an inventory of all of the items and property that have been lost, damaged, or stolen. Make detailed notes about how, where, and why the damage occurred. Then, estimate how much it will cost to repair or replace any of your damaged or stolen property. If you’re unsure how much it will cost to repair the damage, contact our insurance adjusters and we can help you to assess the damages.

How do you know what you’re entitled to? This is information that you should be able to find out from your insurance company. However, unfair claims settlement practice can keep you from this information. This is the improper avoidance or reduction of a claim by an insurance company. There are many methods or tactics that insurance companies might use to unfairly handle the settlement of claims. To avoid this and to have someone fighting by your side and not the insurance company, you should enlist the help of a third party like one of our insurance adjusters here at Norcia Insurance Consultants. We can be there every step of the way. We can fill out and file all of your paperwork, and we can even speak to your insurance company on your behalf.

To learn more about our trusted, professional insurance adjusters in Harrisburg and to set up a free consultation, call Norcia Insurance Consultants at 1-866-512-LOSS (5677).

First Steps After Water & Flood Damage

With the recent flood warnings here in Minnesota and a rather rainy summer, we would like to discuss what to do in the case you experience flood damage to your home. When rising water reaches your home and causes damage to your basement, flooring, and other property, there is a chance your home insurance policy will deny the claim. As expert insurance adjusters for Minnesota, we would like to give you the information you need to help protect you in the event of flooding or water damage. And, in the event you do experience these damaging effects, don’t hesitate to give us a call so we can help you with all of your insurance needs.

Minnesota & Wisconsin Insurance Claims Help: Natural Disasters, Structural Damage, Civil Unrest

If your home has been damaged by flooding in the past and you do not have flood insurance, we cannot stress enough how important it is to insure your home against flood damage in the future. If you are unsure as to whether you are covered for flood damage, we can help you find out. It is important that you understand very clearly what will happen if you own a home but do not have flood insurance. And, did you know that under most homeowner’s insurance policies, flood damage is not considered a form of water damage? It’s true! The insurance adjusters here at Norcia can help you determine what you are covered for and better understand your policy.

Don’t just assume your insurance company has got your best interest at heart. Insurance companies are in the business of making money. No matter how nice your insurance agent might seem, or how great your insurance company’s advertising presents itself, your insurance company is ultimately trying to maximize its profits. That’s where our insurance adjusters come in. We work for you; not the insurance company. Our insurance adjusters will help you review the damage, your policy and work to get you what you deserve.

If your home has suffered flood damage and you want to know more about your rights and options as a homeowner, so don’t hesitate to call the expert insurance adjusters at Norcia for the help you need.

Filing an insurance claim in the event of water or flood damage doesn’t have to ugly. Advocates for your cause are a mere phone call away. Help is here to assist you through all of the hoops you have to jump through, answering your questions along the way. Talk to the insurance adjusters at Norcia today to learn how we can help you with your claim filing woes.

Are you ready to learn more about our insurance adjusters in Minnesota? Contact us or call Norcia Insurance Consultants at 866-512-LOSS (5677) or Schedule a Free Consultation.

Insurance Adjusters Eliminate Stress and Hassle

Your home may indeed endure some damage in the event of powerful storms or a natural disaster. The stress that comes with this territory does not help matters any. Your concerns vary and increase as the process of getting your damages covered and paid for struggle onward. You worry over the well-being of your family and your house, anxiety mounting as time passes. On top of these things that bother you, what about the emergency repairs needed, adding to the overwhelming pile of issues mounting? You may be in over your head. Your opponent, it seems, in these adventures, is the insurance company you have to deal with. That is where we at Norcia Insurance Consultants can help! Our insurance adjusters can assist Twin Cities homeowners with insurance claims!

Do not pursue your potential fight with your insurance company alone! The process of calling your insurance company, submitting the veritable mountains of paperwork and other bits of documentation only to receive a check that will in all likelihood be substantially less than the amount you are actually entitled to is usually a bit daunting and disappointing in the end.

Your insurance company, obviously, is not acting with you in mind. They want to pay a minimum that covers some of your damages. The amount that you are entitled to does not come to mind for an insurance company, their own interests mattering more than all else when it comes to a payout. Call on Norcia and their team of insurance adjusters to help you with every aspect of your insurance claim. We can handle the paperwork, documentation and fighting to get you the amount you are entitled to for your damages.

Call on the public insurance adjusters at Norcia Insurance Consultants at the first sign of damage to your home. There are those who say don’t delay in hiring a public insurance adjuster because there are certain conditions of your insurance policy that must be met and strictly adhered to before and during the claims process. Good public insurance adjusters know these conditions or policies. With their help the playing field is leveled between you and your insurance company.

It would also be a good idea to get a hold of us at the moment you start seeing red flags from your insurance company. If your claim is mysteriously switched to a new adjuster, be wary. That often signals that your repair estimate will undergo several revisions throughout the process which could ultimately mean some of your repair claims could be sacrificed.

Do you want more information on how to hire insurance adjusters in the Twin Cities? Call Norcia Insurance Consultants at 866-512-LOSS (5677), or you can contact us to set up your Free Consultation.

MN Public Insurance Adjusters Need to Be Independent

A recent story from NBC New York caught our eye, as it details how one public insurance adjuster duped homeowners into signing bad contracts with a contractor of the adjuster’s choosing. One quote in particular stuck out:

“We hired a public adjuster which, in my family’s opinion, was the worst mistake ever,” said Chancy Marsh.

Hearing things like that makes our stomach turn, although it’s understandable why Mr. Marsh now feels that way. Read the entire story by clicking here.

When you hire a public insurance adjuster in Minnesota or anywhere else, you expect that this person will work for you in your best interests, since YOU hired them. And they should work for you, not steer you toward a contractor of they’re choosing.

While many Minnesota adjusters do have relationships with contractors, they shouldn’t push you toward the contractor they want. They need to be impartial, and understand you might have a contractor with whom you trust and wish to work. If not, they should be able to recommend different contractors, or encourage you to find your own.

One of the National Association of Public Insurance Adjusters codes of conduct is:

Members shall not acquire any interest in salvaged property or participate in any way, directly or indirectly, in the reconstruction, repair or restoration of damaged property, except with the knowledge, consent and permission of the assured.

In short, no adjuster should push toward a contractor of their choosing. If you find this is happening, look for a new adjuster. This person isn’t working in your best interests. If they are stressing a company over another, don’t be afraid to ask them why they are highly recommending them. Maybe do some research and see if there’s a connection between the contractor and the adjuster.

Looking for a Minnesota public insurance adjuster that works FOR you? Call us now at (866) 512-5677 or Click Here to Request a Free Consultation.