Technology in Insurance Adjusting
Last week our office was confronted with a challenge that will become more prevalent in the future. That challenge involved technology being used by an insurance company vendor that wished to use the technology, Matterport.
As insurance adjusters on the forefront of the insurance industry, we are familiar with Matterport, Matterport allows for the complete survey of items in a home by using 3D technology. Matterport's 3D virtual tours enable users to remotely explore and interact with a...
Artificial Intelligence, How can it work for me
While watching various talking heads on TV recently, I heard a credentialed individual say that this phenomena known as artificial intelligence (AI) is the most significant invention since the atom bomb. That is a pretty big assessment but perhaps he is right. Already we are hearing that artificial intelligence was able to pass the bar exam and universities across the country are grappling with how to handle the potential plagiarism issues of their student...
Be Aware of Restoration Companies
Restoration companies can be a crucial part of an insurance claim. These companies and contractors could be needed for emergency services like water mitigation and boarding up the property to keep it secure. They can also be utilized for contents pack out, contents cleaning, debris removal, and other miscellaneous items. Policy holders have the option to hire these contractors for the subsequential repairs as well.
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How long do insurance claims take?
Insurance claims are not a one size fits all. We wish we could tell you that after you file a claim your insurance company will come out to inspect and issue a payment for all the damages and then your claim will be closed in 3-6 months and you’ll never have to think about it again. The truth is, you could accept that payment and be done with your claim but that could mean leaving money on the table or not having all the repairs done correctly.
The duration of your claim can also depen...
Unauthorized Practice of Public Adjusting Verdict Upheld
This month a Texas Court of Appeals upheld an important ruling against a contractor who was involved in the Unauthorized Practice of Public Adjusting (UPPA).
Lon Smith Roofing & Construction entered in to a contract with Gerald and Beatriz Reyelts. In their contract the roofer asserted that Lon Smith was being retained “to pursue homeowners’” best interest for all repairs, at a price agreeable to the insurance company” and to w...
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