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Public Adjusters Know About Insurance Loopholes

One of the methods insurance companies employ is to introduce loopholes in order to avoid paying certain clients when claims are made. For their part, the majority of people don’t pay attention to the fine print before signing insurance documents. Therefore, they are willingly signing insurance contracts with no thorough knowledge of the contract’s terms and possible ‘loopholes’. So what happens when you submit an insurance claim, only to be surprised to learn that you won’t be compensated due to a particular loophole? 

This is exactly the point where public adjusters step in. They confront insurance companies regarding loopholes and negotiate a fair settlement. You can visit www.allcityadjusting.com/public-adjuster/service-areas/rockford-public-adjuster/ for appointing a public claims adjuster

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The most common loopholes they address include:

Double Tragedies: A few people lose their homes due to double tragedies. For instance, your home might be damaged by a hurricane, but be swept away by floods. In this scenario, the insurance company may only pay you compensation when both disasters are covered, regardless of the order when the disasters were triggered. 

Thus, if you were protected for hurricanes but not floods the claim is likely to be rejected. Public adjusters, however, are able to make a deal to help you avoid being a victim of this loophole.

Pre-existing conditions: A lot of insurance companies won’t reimburse you if you submit claims for a condition that was present prior to becoming covered. For instance, cancer patients might not be able to benefit from health insurance if the company found out that they had already had a diagnosis prior to making an application for insurance. 

A lot of times, adjusters from insurance companies make the mistake of relating new damages to an existing condition however, they are not. 

Also, homeowners may receive a falsely denied claim due to a pre-existing problem. Public adjusters can be extremely helpful particularly when the victim was not informed about the condition they were in or the method of assessing the damage.