You Disagree With the Insurance Settlement From Your Property Insurance Claim - What to Do?

You filed your property insurance claim, went throughwhich you are prepared to follow. Their policy will
the insurance claim recovery process, met with theusually include language explaining just how and when
insurance adjuster who inspected your property, andyou can DemandArbitration. Know your rights, both
received an insurance settlement offer. You weren'tas a consumer and as a party to their insurance
pleased?contract, regarding this avenue for settling your
The first thing, if there is not any "final releasedisputes.
language" on either the front or the back of their6. Appraisal. This is a specialized form of arbitration,
check/draft, is for you to go ahead and cash theirand you almost for sure, will need your own Public
check. As long as you haven't signed away yourInsurance Adjuster to represent you. Your Appraiser
rights, the signing of the insurance company's checkand their Appraiser will both have to agree on a
doesn't give you're your right to try to recover(tie-breaker) "Umpire", and that person's decision will
additional insurance money by reopening your claim.be final and binding. However the "Umpire" should only
However, if you disagree with your insurancebe involved to resolve anything that both your
company, and want to take action, here are someAppraiser and their Appraiser, can't agree upon and
options:resolve.
7. Public Insurance Adjuster. Having the right Public
1. Ask that everything be explained. Have theirInsurance Adjuster can be your very best option. A
insurance representative go over the details withlicensed Public Insurance Adjuster is an expert at
you, very carefully and fully.reopening and renegotiating a claim for additional
2. Ask to review their insurance adjuster's work.money. He or she should have experience in your
There may have been some simple mistakes, orproperty claim situation; and should have a track
items that were overlooked.record of recovering millions of additional dollars for
3. You can ask to escalate your concern to someoneunderpaid insurance claims.
higher in your insurance company's "Claim8. Attorney. This is not legal advice, just for
Department". This may or may not be productive,informational purposes...You might believe that the
but might work in your favor.last course of action would be to hire an attorney.
4. Discuss your issue with your State's DepartmentHowever, a PublicInsurance Adjuster usually has more
of Insurance - just remember that they are not aexperience than almost all attorneys in resolving
consumer protection agency, only a licensing agency.insured Property Insurance claims. And actually,
5. Arbitration. You maybe should consider to Demandattorney's often hire Public Insurance Adjusters when
Arbitration over your dispute(s) of your claim.a client brings them a property insurance settlement
Arbitration can be binding or non-binding; so knowmatter.