Case Study: How Florida’s Best Public Adjusters Helped Martin P. Recover $214,000 by Reopening an Underpaid Fire Claim in Orlando
Thousands of people have been displaced by the recent wildfires in California, and I can’t help but recall a period when Florida’s Best Public Adjusters could have helped in such a circumstance. Fires destroy memories, affect lives, and leave victims feeling powerless, not only damaging houses. I want to tell the story of Martin P. from Orlando, who lost everything to a house fire but discovered hope as our team tirelessly worked by reopening an underpaid fire claim and got another $214,000 from his insurance carrier.
A Personal Commentary from Stephen Lippy.
At first, Martin’s insurance company paid a payment that hardly paid for rebuilding ($35,000). Overwhelmed and frustrated, he contacted Florida’s Best Public Adjusters. Our staff of experienced public adjusters responded very quickly to evaluate the losses, check his insurance coverage, and ascertain whether his claim could be reopened.
Depending on the type of claim and the terms of the insurance policy, a homeowner in Florida usually can reopen a claim up to 3 years from the date of loss. To make a convincing case, we moved quickly gathering policy research, damage estimates, and expert reports.
The First Denial and Opening the Fire Insurance Claim
Martin’s case revolved mostly around the 80% rule, an insurance concept based on which a homeowner must insure their property for at least 80% of its replacement worth to get complete coverage in should a loss occur. Many policyholders are unaware of this, and insurance firms may use it to defend smaller payouts. We showed that Martin’s house fit the criteria, and the insurance company had greatly understated his losses.
The result was a settlement that transformed a life.
Following months of talks and relentless campaigning, our team was able to get Martin another $214,000 by reopening an underpaid fire claim. Martin was able to reconstruct his house and start the protracted path of healing with this settlement. This is only one instance of why, when handling insurance claims, employing the best public adjusters in Orlando may make all the difference.
Q&A: Information You Should Know Regarding Fire Insurance Claims
Q: How long do I have to reopen a claim for fire insurance?
A: Though most Florida homeowners have up to three years from the date of loss to reopen a claim, it is usually advisable to proceed right away.
Q: What is the 80% rule, and why is it significant?
A: Under the 80% rule, a property has to be insured for at least 80% of its total replacement value. Should not be the case, insurance companies could cut claim payments, leaving policyholders with unanticipated out-of-pocket expenses.
Q: Why should I bring in a public adjuster?
A: Profits are the first concern for insurance firms. Working for you, not the insurance, a public adjuster guarantees you the best settlement for your loss.
Q: Should my fire insurance claim be underpaid or denied, what should I do?
A: Get a public adjuster right away. We can review your coverage, assess the damage, and fight for the compensation you are due.
In Summary
Martin P. got $35,000. We fought for him and got an extra $214,000 from his insurance carrier. That represents a 511.43% increase.
Our goal at Florida’s Best Public Adjusters is to enable homeowners like Martin to navigate the insurance process and reclaim their lives. If you have experienced a fire or any other type of property loss, don’t settle for less; let our professionals fight for you.
