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Insurance Adjuster Requests ?

 
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morada



Joined: 04 Feb 2006
Posts: 1

PostPosted: Sat Feb 04, 2006 5:11 am    Post subject: Insurance Adjuster Requests ? Reply with quote

My home in Maryland was destroyed by fire 6 weeks ago. Ive called many contractors to do bids and none will do full bids without big payment for the bid. The one contractor whom I trust did provide me with a very detailed bid and all proposed work.My adjuster who works for Sate Farm has rejected it because the bid was not itemized and priced per item for every sheet of plywood, nails, etc. The contractor said he would not provide a material list of this nature because it is common for adjusters to hand the bid to another contractor to get the bid low balled. While this is happening, the adjuster has taken upon himself to bring in his OWN personal contractor to give him a bid against my wishes. This was immediately the day after he received the bid from my contractor.
Does the adjuster have the right, or am I required to State Farm to demand my contractor provide a detailed material list with prices ? How do I stop this adjuster from going against my wishes ? What are the rules regulating the adjusters practices in regards to getting bids and the aceptance of bids ? I am now thinking about going over his head and filing a complaint at State Farm and with the Maryland State Insurance Commission. What do I do ?
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tonyb



Joined: 04 Jan 2004
Posts: 17
Location: Montgomery, PA

PostPosted: Sat Feb 04, 2006 9:44 pm    Post subject: Reply with quote

Quote:
Does the adjuster have the right, or am I required to State Farm to demand my contractor provide a detailed material list with prices ? How do I stop this adjuster from going against my wishes ? What are the rules regulating the adjusters practices in regards to getting bids and the aceptance of bids ? I am now thinking about going over his head and filing a complaint at State Farm and with the Maryland State Insurance Commission. What do I do ?


Your claim for scope and cost of repairs is yours to file whether it agrees with State Farm or not. Although State Farm has a right to form their own opinion of your claim and to have contractors of their choice estimate damages it is strictly your formal claim to file, it is not State Farm's claim. Adjusting a property claim is much the same as selling property: there is nothing to force a seller accept a low offer, or to force a buyer agree to a high demand. Of course you hope to resolve your differences before coming to an impasse. You may want to peruse another entry in this forum that deals with building claims under replacement cost coverage: http://disasterprepared.net/forumreplacement.html
We also publish a book to guide you through the claim process at http://www.disasterprepared.net/contents.html

These are your three options that are best to decide early in the claim process:

1. You allow the company adjuster your authority to adjust your claim in your behalf.
2. You adjust your claim in your own behalf.
3. You hire a public adjuster to adjust your claim in your behalf.

As a word of caution: once your relinquish your authority it is very difficult to regain, and if company adjusters are licensed at all they are licensed to adjust claims in the company's behalf, not in your behalf. Serving only the interest of one party in a two party transaction is plenty. Also, some property policies still provide that you file a formal claim within 60 days of the date of loss or have a written extension of time in which to file from the insurance company.
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