What Your Insurance Company Doesn't Want You To Know

WHAT YOUR INSURANCE COMPANY DOESN’T WANT YOU TO KNOW

1) Why do they require that you PROVE YOUR LOSS

Insurance policies require that you, the insured, PROVE YOUR LOSS. This relieves them of any liability for underpaying you. That is why they require that you submit a SWORN STATEMENT IN PROOF OF LOSS within 60 days of your loss, under penalty of perjury and claim denial. If you do your homework, you will find that they only have to pay you for what you can prove they owe you, not what the full amount of your actual damages are.

Paul Abrams with ECI, at no cost or obligation, goes over these things with prospective clients to make sure they understand the claim process, know their rights and fully understand the extent of their damages.

If you need more information, email info@edwin-claudeinc.com or call 314-993-2266.

2) Why they don’t want you to even talk to Paul Abrams with ECI

Insurance companies are afraid that if you get too much information, you will be better prepared for the negotiation ahead of you and, knowing all of your rights and options, as only can be explained to you by a Public Adjuster, you will be able to negotiate a better settlement. People who don’t hire Paul Abrams with ECI, still come out ahead just meeting with him. Not only do are they better prepared to negotiate directly with their insurer, but are able to spot trouble/problems a mile away. Remember, it is always easier to prevent a problem than to solve a problem. As mentioned in #1, if you miss submitting claims for damages, because you were unaware of them, they have not obligatin to point them out or pay you for them.

If you need more information, email info@edwin-claudeinc.com or call 314-993-2266.

3) Why they don’t want you to hire Paul Abrams with ECI

Insurance companies like to try to convince people that an insurance negotiation should be friendly. Trust me, there is nothing friendly about trying to get an insurance company to pay you tens or hundreds of thousands of dollars. They want to make you feel like they are doing you a favor. This is a business transaction. Plain and Simple. And if you don’t treat it that way, you will never get what you deserve. It doesn’t have to be adversarial, but it should be business-like. Hiring Paul Abrams with ECI sends a message to your insurer (the right message) that you are treating this like the important business transaction it is. This is your house, your business, your belongings, your family your life. They have hired an adjuster to watch over their check book, shouldn’t you have someone as good, if not better, working for you?

Paul Abrams with ECI, at no cost or obligation, goes over these things with prospective clients to make sure they know their rights and fully understand the extent of their damages.

If you need more information, email info@edwin-claudeinc.com or call 314-993-2266.

4) Why they want you to immediately call a Restoration Company ASAP

Restoration Companies make money cleaning things and making it harder for you to prove your damages. Not to mention that when they clean your TV and charge your insurer $75, they make $75 and their friend, your adjuster, only pays $75 as opposed to $300 for you to buy a new TV. Restoration companies won’t tell you that they can clean something actually burnt in a fire, but we have seen them try to clean a TV that was under water. They always error on the side of restoration as opposed to replace, since they make no money if they put an item on the replacement list. Plus often they remove evidence of the loss, i.e. smoke, water, insulation … etc), that without it, you will be hard pressed to prove to your adjuster the full extent of the damage and now many things really need replacing.

Paul Abrams with ECI, at no cost or obligation, goes over these things with prospective clients to make sure they know their rights and fully understand the extent of their damages.

If you need more information, email info@edwin-claudeinc.com or call 314-993-2266.

5) Why they want you to use their Preferred Contractors

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If you need more information, email info@edwin-claudeinc.com or call 314-993-2266.

6) Why they want to bring their Preferred Contractors to their inspection with you.

If you need more information, email info@edwin-claudeinc.com or call 314-993-2266.

7) Why they like using Building Consultants

If you need more information, email info@edwin-claudeinc.com or call 314-993-2266.

8) Why your insurance company doesn’t pay you the full amount of your loss up front

If you need more information, email info@edwin-claudeinc.com or call 314-993-2266.

9) Why they include disclaimers and reservations of rights on all documents

If you need more information, email info@edwin-claudeinc.com or call 314-993-2266.

10) What the real purpose of an Examination Under Oath and a Recorded Statement is for

If you need more information, email info@edwin-claudeinc.com or call 314-993-2266.

11) Why they have no legal obligation to pay you the full amount of your loss

If you need more information, email info@edwin-claudeinc.com or call 314-993-2266.

12) What they mean when they say, “We are just trying to figure out what we owe you

If you need more information, email info@edwin-claudeinc.com or call 314-993-2266.

13) What they mean when they say, “If your contractor can’t do the repairs for our estimate, we will talk to them”.

If you need more information, email info@edwin-claudeinc.com or call 314-993-2266.

14) Why they send out their adjusters

If you read your policy, you will see that there is no mention of insurance company adjusters in it. There is no requirement that they send one out. No requirement that they prepare estimate of damages to your building or personal property. No requirement for them to clean up the mess or board up your building. So why do they pay large sums of money to keep adjusters on the payroll? Could it be that they know that most people don’t know how to identify all the damages and don’t know how to submit a proper insurance claim, thereby letting their adjusters determine how much you will receive?

Could it be that you are in a very vulnerable state and they know that this is the best way to save the insurer money? Do they know that they can play on your weaknesses and wish to get back into your home or reopen your business quickly, where they will only pay for quick fixes, as opposed to proper repairs? Otherwise, why wouldn’t they just fire most of their adjusters and just have a couple of them sitting in an office reviewing whatever you submit? There must be a reason that they pay hundreds of thousands of dollars to keep a staff of adjusters available. And if you think about it, it is not so you can get more money.

If you need more information, email info@edwin-claudeinc.com or call 314-993-2266.

15) Why they would rather pay attorneys, than pay you

If you need more information, email info@edwin-claudeinc.com or call 314-993-2266.

16) Why Smart People, don’t cancel their contract with Paul Abrams of ECI, even though their insurer tries to convince them to do so.

If you need more information, email info@edwin-claudeinc.com or call 314-993-2266.

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WHAT YOUR INSURANCE COMPANY DOESN’T WANT YOU TO KNOW

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