Posted by Leonard Theran, SPPA

Sep 15, 2018 7:27:01 PM

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Secrets of a Public Adjuster: What Really Happens After A Major Disaster?

Insurance companies are under tremendous pressure to respond to a claim as soon as possible. However, they have reduced the number of their property adjusters in recent years, and when a major calamity occurs such as  Hurricane Florence, they have to bring in adjusters from out-of-state to write an estimate for the cost of the repairs. The technical term for these adjusters is “Cat Adjusters,” which is short for “Catastrophe Adjusters.”

These Cat Adjusters wait for a widespread disaster to hit, such as hurricanes. They then work very hard for a few months and then move on to the next disaster, wherever it may be.
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Topics: public adjuster, flood, insurance claim, loss, water damage, hurricane

Posted by Lorraine Cline

Jun 20, 2018 11:27:00 AM

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How Can A Public Adjuster Get Me A Better Settlement?

You have just suffered an emotionally upsetting loss to your home or business. You now face the task of preparing and submitting a complicated claim to your insurance company—a task required by your policy.

For most, the preparation of a property damage insurance claim is unfamiliar and rough terrain: depreciation, exclusions, replacement cost, actual cash value... At times, the list seems endless, but it is your responsibility to prepare and prove your claim to the insurance company.
 
In order to be successful, you will need to have a thorough understanding of insurance coverages and the adjustment process. Given the scope of the loss you have just suffered, are you prepared to take on this task?
 
Many policyholders have asked the same questions: How do I estimate my loss? Will I recover enough to rebuild? Can I do this myself? Will the insurance company's settlement be fair and accurate?

Pictured here is Cambridge, Massachusetts condo that suffered a fire loss.

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Topics: public adjuster, building claim, business income claim, insurance claim, loss, loss adjuster, fire, condo, settlement

Posted by Howard Shore

Mar 11, 2018 8:18:00 PM

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7 Rules To Maximize Your Insurance Claim

So, you have an insurance claim. I can never stress enough how important it is to contact a public adjuster as soon as you can to assist you with your insurance claim and to help you navigate the complicated process of recovering from a disaster. But, the timing doesn't always happen that way.

So, the following rules will help you in the hours and days immediately following your loss and will help you determine these four things:

1) What to do
2) How to do it
3) When to do it, and
4) Should I do it?

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Topics: insurance claim, storm damage

Posted by Leonard Theran, SPPA

Sep 5, 2017 7:40:00 PM

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The Hurricane Has Hit. Now What Do You Do?

By now, we are all well aware of the unprecedented damage that has been caused by Hurricane Harvey in the Houston, Texas area. And, now there is news of another impending disaster. Hurricane Irma is heading for the U.S., and is a very large Category 5 storm with the potential to wipe whole cities off the map. 

With this in mind, I would like to provide some guidance with respect to dealing with damages caused by a disaster of this magnitude. Here is a list of some of the things you should do, along with some advice on how to deal with losses to your property and contents.

Okay, so you have three-to-four feet of water in your home or building. What should you do?

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Topics: public adjuster, insurance claim, hurricane damage

Posted by Professional Loss Adjusters

Jun 6, 2017 7:36:00 PM

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Functional Replacement Coverage: How It Can Affect Your Insurance Claim

You’ve had a loss to your property. You want the damage fixed as soon as possible and you expect it to be restored to its original condition, using similar materials. After all, you’ve paid your insurance premiums on time and you have a great relationship with your insurance agent. This should be a no-brainer. Unfortunately, some insurance policy endorsements can make this process more difficult, including an endorsement known as “Functional Replacement.” 

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Topics: public adjuster, insurance claim, functional replacement coverage

Posted by Leonard Theran, SPPA

Oct 5, 2016 7:03:00 PM

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Time Is Running Out To File Ice Dam Insurance Claims

Ice dams caused extensive water damage in every room but one in this Brookline, Massachusetts home. The insurance company's initial settlement was ridiculously low. Without the work of Professional Loss Adjusters, the homeowners would never have been able to restore their home to its original condition.

Massachusetts Public Adjuster Urges Insurance Companies to Extend the Statute of Limitations on Ice Dam Claims

Leonard Theran, President of New England’s oldest and largest public adjusting firm (representing property owners who have insurance claims) is urging insurance companies to address lingering issues that are a result of the winter of 2015’s record snow and ice event. The winter of 2015 entered the record books as one of the most severe winters in the Northeast, with more than $2.4 billion in insurance claims filed as a result of the unprecedented 110+ inches of snowfall to the region. Ice dams accounted for the majority of the losses.

“It is hard to imagine, but we are still getting calls for help with claims for water damage caused by the ice dams from the winter of 2015. Nearly two years later, many homeowners are just now getting bids from contractors to repair damages. These homeowners are learning that the settlement they received from their insurance company is not nearly enough to cover the cost of repairs,” noted Theran.

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Topics: insurance claim, water damage, ice dam, statute of limitations

Posted by Leonard Theran, SPPA

Sep 8, 2016 9:30:00 AM

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5 Ways Property Managers Can Be Paid in the Event of an Insurance Loss


 It’s the call every property manager hates to receive: the first notification of what will turn into an insurance loss for the client. Sometimes it comes late at night or in the wee hours of the morning. Depending on the severity of the loss, it signals the beginning of what could be months of work above and beyond the normal scope of the job.

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Topics: insurance claim, Fire Loss, property manager

Posted by Professional Loss Adjusters

Jul 18, 2016 7:10:00 PM

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Hidden Coverages Increase Insurance Payouts in Maine

When was the last time you read your insurance policy? Terms like “stretch coverage,” “actual cash value,” “recoverable depreciation” or “Ordinance and Law” can mean very little to the average person, but can mean a lot in terms of sizable out-of-pocket expenses or money left on the table to an insured facing a building loss. The last thing anyone needs is the added pressure of becoming an expert on insurance terminology when faced with a loss.
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Topics: public adjuster, insurance claim, water damage

Posted by Leonard Theran, SPPA

Jun 9, 2016 7:00:00 PM

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Why Fire Damage Doesn't Have To Ruin Your Life


According to the National Fire Protection Association (NFPA):
In 2014, there were 1,298,000 fires reported in the United States. These fires caused 3,275 civilian deaths, 15,775 civilian injuries, and $11.6 billion in property damage. The NFPA offers these additional staggering statistics:

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Topics: public adjuster, insurance claim, Fire Loss

Posted by Leonard Theran, SPPA

Mar 13, 2016 4:14:00 AM

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4 Things To Do If You Have A Water Damage Insurance Claim

When winter just won't let go.
This winter, thousands of homes, businesses and other structures throughout New England will suffer water damage as a result of thawing pipes and ice dams. Homeowners and business owners are often unsure what to do when this happens. Below are four things you should do to ensure you receive a fair settlement for your insurance loss:

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Topics: public adjuster, insurance claim, ice dam