Many multi-family assets lay dormant with regard to value.
Weather is one major catalyst for affecting the value of a multi-family property.
Many properties throughout Texas are affected by high-winds, hail, and rain.
These are often overlooked opportunities to evaluate the property and seek indemnification, restoring the value of the property to its state prior to the weather event.
Whether it's a new roofing system, new HVAC units, or other exterior -as well as interior repairs- public adjusters ensure that the multi-family does not fall under market-value.
Multi-family assets seek public adjusters
It is a challenge to navigate the complex insurance claims process. Detailed documentation must be made of business interruption and the loss of rents.
Accurate damage calculations are submitted in specific formats. Multiple, lengthy inspections by the insurance company and its engineers will be performed. As a business manager or owner, you should be present during these inspections or have a representative present on your behalf.
Representatives from the insurance company coming to your business are not your friends. They are professionals who are taught to deny, delay and underpay your insurance claim.
Offer more value
By having direct access to a public adjuster, you can leverage our expertise, services, and be an advocate to the policyholder.
What we do:
Actively monitor your property throughout the year checking for past and present weather damages.
Free property inspections, policy review, and consultation.
Offer a licensed-guide to help answer questions throughout the claims process.
Filing of the claim and all paperwork, negotiation of the claim and full representation in the claims process.
24/7 systems monitoring for severe weather.
Historical look-back is also available.
Average claim increase by using a public adjuster
Do you use contractors to handle your claims?
States like Texas, Florida, Louisiana, Virginia, and North Dakota passed bills that limits who can negotiate property claim damage on behalf of the policyholder.
Depending on the state, the bill makes the unlicensed practice of public adjusting a felony that can result in a prison sentence of up to two years. Contractors also hit a wall when the insurance company is not willing to further investigate a potentially larger payout.
Contractors can stay compliant and leverage the state licensing of a public adjuster to help your clients maximize their claims.
Texas Insurance Code: Sec. 4102.001