Today marks the beginning of the Atlantic hurricane season, and early predictions by NOAA suggest that this will be an average season with as many as four to seven hurricanes.
What came out of this heap was truly amazing. Rolex watches, designer shoes and handbags, one of a kind artwork, silk bedding, priceless instruments, and dresses you would see on a catwalk. All of it…garbage. Golf clubs that cost thousands of dollars were literally falling apart. If you would have swung a club, the metal shafts would have given way and the heads would have flown further than the balls they were hitting.
When the insurance Houston Flood claim called me and I told him what you just read, I could feel the frustration of the adjuster. The adjuster’s questions in the recorded statement were very detailed. I must have sounded like the biggest idiot.
When we had our arbitration both attorneys were there along with the arbitrator. In addition there was a new lawyer that Fred just hired and she came in to observe. The arbitration was basically a rehash or everything that we had previously discussed but in a bit less detail. Fred did the typical strategy of discussing my wife’s change of lifestyle and our dilemma of wanting a baby with all the pain killers that she has to take. The arbitration lasted about an hour and a half.
Many owners public adjuster make the mistake of calling their current insurance agent and just writing another policy. Seems reasonable enough and hassle free, just roll it under your other auto insurance. It is estimated that the majority of vintage classic cars are in fact insured this way. Owners are paying higher premiums and getting less coverage.
In Chapter 7 of my book I wrote at length about the qualifications of an adjuster. I also wrote about what level of service you should expect from the insurance adjuster who handles your claim.
A mediator or arbitrator can help the two parties reach agreement in some cases. However, neither may be your best choice for complying with the policy provisions for disputes regarding the value of a loss. Additionally, neither involves anyone assisting you who an advocate for your success.