Insurance companies spend billions of dollars each year convincing you that you are “in good hands,” or that they’re “on your side.”
As a homeowner who only wants the best for their home and their family, it’s easy to make a huge financial decision based on a catchy slogan or a memorable commercial.
Time and again, Wheeler, DiUlio, & Barnabei receive calls from desperate clients locked in battles with their insurers. Each time, they say the same thing: “I trusted my insurance company.”
As much as we wish it wasn’t true, trusting your insurance company is the single biggest mistake that a homeowner can make, particularly when something goes wrong and it comes time to file a claim.
You may be thinking, “This doesn’t make any sense! What am I paying them for if they aren’t going to help me when I need them the most?” Let’s take a closer look at the mentality of large insurance companies and what you can do to protect yourself when the companies you trust the most, won’t.
Business As Usual
An insurance company is just that: a company. No matter which insurance provider you choose, they each have one goal – maximizing shareholder return.
When you file a claim, look at it from their perspective as a business trying to make a profit. In the eyes of the insurance company, the less money they give you, the more they get to keep. This fact drives everything that an insurance company does, from the moment they convince you to sign up with them to how they will help you (or won’t help you) in your time of need.
Less Is Never More
To that end, remember this: you get what you pay for. Don’t think that every insurer is just out to take your money and/or you’ll never find a reliable insurance company to help you cover a loss.
Paying a higher premium could help you save money down the road should you ever find yourself in need of your insurance company’s help.
If you choose to sign up for a plan that seems more affordable, you will most likely end up getting less in return when the times comes to file a claim. This means more money out of your own pocket to cover damages to your property.
Conversely, if you are willing to invest more money into your coverage, your insurance company will be more inclined to help you when you need it the most.
What Should I Do To Protect Myself?
The key question – what should you do if your property suffers damage and you need to make a claim?
First, you should give us a call. Wheeler, DiUlio, & Barnabei can help you understand the process and what to do before, during, and after filing your claim. The insurance company will make it seem like they can help you. More often than not, they won’t.
Being informed is the best way to make sure you get everything you deserve. We can give you the information you need to begin the process and the comfort of knowing that you’ve got someone to guide you along the way. In addition to speaking with an attorney, you may want to consider speaking with a public adjuster.
Public adjusters can help represent you when you suffer a loss. Generally, you will need to agree to pay them a portion of whatever amount you receive, but many public adjusters will get you more money that you would have been able to get on your own.
A public adjuster will handle the entire claim for you from start to finish, so you don’t need to worry about a thing.
When it comes down to it, you need help. Whether it is from a licensed attorney at Wheeler, DiUlio, & Barnabei, a public adjuster, and/or a knowledgeable contractor, you should always make sure you have someone in your corner before taking on your insurance company.
If you have any questions about your policy, your insurance company, or damages your property has suffered, let us help you out.