by dm777 » Thu Oct 08, 2009 05:39 pm
I've had a fire loss and the claims adjuster says that if I do the work myself instead of his low-bid contractor, he is going to deduct the 10k "overhead" and "profit" line items from the contractor's written bid, since I don't have the overhead, and I'm allowed not to profit from the claim. So he says unless I sign a contract with this contractor for him to do the work, the settlement check to me/mortgage company will be minus the 10k contractor P&O. I'm familiar with the concept of not profiting from an insurance claim but does this sound right?
Posted: Mon Dec 21, 2009 10:00 am Post Subject:
DASFUK
it seems your still dissapointed your career stopped at INDEPENDENT ADJUSTER.
When ever you like, you can go with the 20+ years adjuster (except he's an I/A) . Ill put my Law Degree, up against the 20 years and see where it goes.
That a h/o will be shortchanged for 10% if they hire a PA. Sure thing Pal. We could run surveys all day and see when the h/o is happier. When you come by or when I'm done. Maybe you're upset I make in a claim what it takes you 15 daily claims to make. Again, not my fault.
Lets be clear, INDEPENDENT ADJUSTERS are not there to get the home owners everything they are entitled to. You are there to clean tile, not replace it. To have cabinets refaced instead of replaced. To have baseboards removed and reset instead of replaced. All fine until it's your own home you are talking about.
You don't help the home owners, you help the carrier. Why do you want to focus on my 10% ? I have never even told you what I charge. Additionally, 10% is less than the 30% an attorney will charge once an I/A like you gets the claim denied.
What carrier do you work for? What state? Get some real information out to the readers of these posts.
Posted: Mon Dec 21, 2009 12:50 pm Post Subject:
Ok, I can't take it anymore....
Ill put my Law Degree, up against the 20 years and see where it goes.
:roll: :lol: :lol: :lol: you have GOT to be joking...a law degree (got a license to practice law too?) that spends five years as a "public adjuster"? hmmmmmmm somethin' smells fishy here...I could link you to sites.. that hire public adjusters without one spec of experience, it's a real 'tough' field to break in too.. :roll: and very well thought of industry wide :roll: :roll:I'll see tcopes experience, and add my own 23 years...in agreement with him...there you've got it folks....you chose :roll:
Posted: Mon Dec 21, 2009 01:34 pm Post Subject:
Ill put my Law Degree, up against the 20 years and see where it goes.
Law degrees are much like adjusters, they are a dime a dozen. And using it as bait in this conversation is a pretty lame idea.
Lets be clear, INDEPENDENT ADJUSTERS are not there to get the home owners everything they are entitled to. You are there to clean tile, not replace it. To have cabinets refaced instead of replaced. To have baseboards removed and reset instead of replaced. All fine until it's your own home you are talking about.
Let's be clear. If the investigation ends and entitlement means these examples you listed, (alternatives aside), then thats left up to the carrier not the adjuster. And if it was your home, you would expect the same thing.
Posted: Tue Dec 22, 2009 03:56 pm Post Subject:
When ever you like, you can go with the 20+ years adjuster (except he's an I/A) . Ill put my Law Degree, up against the 20 years and see where it goes.
You posted in another thread that you have handled 300 claims with 20 of those being fire claims including total losses and a few CATs. Myself, I have never claimed that I have the most experience in the world, but I have about 12 years in the industry including, P&C, medical, dental, vision, disability, underwriting, risk/loss control management, CAT supervisor.
Pick out one of my years as an adjuster and I worked over 300 claims in a year with over 20 fire claims ranging from small kitchen fires to a $750,000 commercial fire and multiple total losses (since that seems important to you) Mind you that total loss fires are one of the easiest claims to handle. Other experience includes business interruption claims and loss of use, fatality auto accidents, homicide/suicide investigations, dram shop, inland marine, cargo, builder’s risk, and mediations.
So yes, if for some reason I was going to hire a PA I would hire someone with 20+ years of experience. I don't know anyone on this board, but I would take several over an almost-attorney with little experience in the field they claim to be an expert. You know how many attorneys don't know the first thing about property insurance or the policy covering the property. You keep your almost-law degree, and I will keep my job where I work out of my house, get a free car with gas and insurance, and make my own hours. You go ahead and chase your tail for a quick buck off of some unaware insured.
Something just struck me about your problem with independent adjusters and the file reviewers. I'm just thinking out loud here, but were you one of those that thought that they could get rich quick when a hurricane hit and then found you actually have to work when you are an adjuster. You sent in files that were poorly documented, with junk diagrams, photos and estimates. These files got kicked back to you for a crappy work product and then reassigned once your vendor realized that you just weren't cut out to be an adjuster. Then you got behind on your other files and the vendor you worked for yanked them and gave them to someone else and refused to pay you for your less then stellar work product.
You then decided that you could be a PA, still write up junk inflated estimates and get paid for easy hurricane claims. You then troll the internet and post your expertise for all to read, hoping to drum up some business.
Posted: Thu Jan 06, 2011 09:56 pm Post Subject: O&P
Ok guys.. I'm a roofing contractor and working on an estimate for hail damaged restoration of a roof to send it to my customer's insurance company.. should I add 10% O&P to my estimate? .. Im in Colorado.
Thx for the help in advance! :)
Posted: Fri Jan 07, 2011 04:40 am Post Subject:
Only if you are the general contractor and are responsible for the subs you hire.
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