Delay Deny Defend
Meeting Objective:
To acquaint Real Estate Investors with the the property insurance claim process. After a large natural event, Insurance Carriers use a strategy of Delaying the claim, Denying the claim and then Defending the claim. This class will expose the dirty secrets of why your property claim was unjustly denied or underpaid.
- How Can this Seminar Help you?
- Education
- Information to help your projects
- Help Prepare your clients
- Delay (First 3 – 6 Months after Disaster)
- Property Insurance Terminology
- Your role in the Claim Process
- Claim's Office role in the Claim Process
- Catastrophe Adjusters role in the Claim Process
- What are Estimates of Damages?
- Why are Photographs and Receipts important?
- Deny (6 – 12 Months after Disaster)
- Coverage Disputes
- What is Subsidence?
- What is Negligence?
- What is Pre-Existing Conditions?
- What are Construction Defects?
- Total Loss
- Cost of Repairs Exceeds the Value of Loss
- Cost of Defense
- Valued Policy Law
- Policy Disputes
- Date of Loss
- Date of Coverage
- Premium Payments
- Verify Policy Exists
- Low-Balled Estimates
- Inflation of Labor and Material
- Fixed Storm Prices
- Sloppy Adjusting
- Red-Line Estimating
- Denied Payments
- Defend (One Year to Five years after Disaster)
- Hiring Experts
- Contractors
- Public Adjusters
- Attorneys
- Engineers
- Forensic Accountants
- Insurance Appraisers
- Dispute Resolution
- Lender Endorsement
- Preparing for a Catastrophe Claim
- Policy
- Maintenance
- Mitigation of Damages
- Inventory of Contents
- Video & Photographs
- Timeline of Claim Process
- Building a Claim File