Determining the compensation that a person should receive from an insurance claim can be a tricky process. However, it can have major consequences for the quality of life of the person that is applying for the claim. This is especially true when it comes to loss-of-income claims as this can represent a sizable amount of money.
Should You Simply Use The Figures From The Insurance's Adjuster?
While it is true that insurance companies will retain their own adjusters, you should be mindful of the fact that these professionals will be working for the insurance company itself. This will mean that they will place the interests of the insurance company ahead of your own interests. Retaining your own, public loss-of-income claims adjuster will be able to ensure that you are working with a professional whose job it is to effectively represent your interests when preparing loss estimations.
Can Adjusters Assist With Non-Property Damages?
One assumption that people will often have about claims adjusters is that these individuals will only be useful in cases that largely involve property damage. While these professionals can excel at assessing the value of the damage that has occurred to physical property, they can also be useful to individuals that are needing to estimate the loss of income that they may have suffered. In fact, they can be especially useful in loss-of-income situations as there can be more variability in these claims, which can lead to a wide range of estimates that may apply. By having your own loss-of-income claims adjuster review your situation, you can better assess whether any offers from the insurance company are reasonable given the situation, and you can use this information as a starting point in future negotiations with the insurance company.
What Should You Expect When You Hire A Loss-Of-Income Claims Adjuster?
In order for a loss-of-income claims adjuster to be able to serve you, they will need to be provided with some key information. For example, these professionals will need to understand the scope of the income loss that has occurred, which may lead to you needing to provide previous paystubs or other information that can confirm the amount of compensation that could have been expected. Additionally, these professionals will be able to compare your situation to insurance industry compensation standards so that they can help you determine the maximum amount of lost income that you may be able to reasonably claim given your situation.
To learn more, contact a loss-of-income claims adjuster.