FREE Claim Evaluation CALL (844)44-PERIL | 844.447.3745
FREE Claim Evaluation CALL (844)44-PERIL | 844.447.3745
Insurance Claims Expertise / Appraisal and Property Damage Estimating Services for Insurance Claims / Scope of Damages of an Insurance Property Loss
To get paid what you are owed for insurance claim settlements, it's crucial to have a detailed and well-documented estimate of the damage. Our services include preparing thorough estimates that covers all aspects of the damage, ensuring you receive the maximum compensation possible.
Additionally, if we encounter insurance companies acting in bad faith, we will assist our clients in recommending the various options they may pursue.
If you have any specific questions or need more information about property appraisal and estimating services for insurance claims, feel free to ask. We are Houston Property Loss Consultants, Appraisers and Estimators.
Maximizing Your Settlement
We meticulously evaluate the damages, including structural, personal property, and even the intangible effects of the loss. Our estimating skills and expertise in insurance claims means we will write up estimates that accurately and fully reflect the damages to property. These estimates can be used in the appraisal process.
Peace of Mind Knowing You Have Your Own Great Estimate
The appraisal process in the context of insurance claims, often referred to as the "appraisal clause," is a dispute resolution mechanism that can be used when the policyholder and the insurance company disagree on the value of a claim. Here's how the appraisal process typically works:
It's important to note that the appraisal process is typically binding, meaning that the decision reached is final and cannot be appealed. This process is designed to expedite the resolution of disputes regarding the value of insurance claims and avoid costly litigation.
Insurance Claims Follow These Strict Timelines:
Acknowledge your claim, beginning investigation of the claim and requesting relevant information from you, within 15 days after receiving your claim.
Within 15 days after receiving all relevant information it requested from you, the insurer must make a decision to accept or reject your claim.
If the carrier decides to accept your claim, it must pay the undisputed amount within 5 business days.
If the carrier needs more time to decide, it must inform you, and explain why it needs more time. But even if more time is needed, it must make a decision within 45 days of notifying you that it needs more time.
If the insurance company delays payment for more than 60 days after receiving all information necessary to decide your claim, the carrier “shall pay” interest and attorney’s fees, in addition to the amount of the claim.
Know Your Rights:
Contact Us Today
If you're facing the aftermath of a loss and need appraisal of the loss or detail breakdowns of the damage estimate we ensure a smooth and comprehensive estimate. With our experience and fair evaluation of the damages and the loss.
Educate yourself and learn more by reading our insurance blog articles regarding appraisal and public adjuster estimating.
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