How can navigating the complexities of insurance claims save you from financial loss and frustration?

 

In this episode, Andy Gurczak delves into the intricate world of insurance claims, shedding light on the often-confusing roles of adjusters, the tactics used by insurance companies, and the critical importance of understanding your rights as a policyholder. From the differences between public and independent adjusters to real-life examples of claim disputes and advice on how to handle them, this episode provides valuable insights for anyone dealing with property insurance.

 

 

[00:01 - 04:33] The Role of Adjusters

• Public adjusters vs. independent adjusters
• Shift towards hiring independent adjusters
• Why insurance companies prefer independents

 

[04:34 - 08:19] The Changing Landscape of Insurance Adjustments

• The decline of experienced, in-house adjusters
• Challenges with inexperienced staff
• Delays and miscommunications in the claims process

 

[08:20 - 12:14] Handling Your Own Claim

• What to do (and not do) when filing a claim
• How oversharing can jeopardize your claim
• A denied claim due to excessive information sharing

 

[12:15 - 16:22] Property and Liability Insurance Explained

• Property vs. liability insurance
• Examples of how claims are handled in different situations
• Who is responsible for what in a claim

 

[16:23 - 19:40] Navigating Insurance Policies and Premiums

• Factors that influence rising premiums
• Balancing cost and coverage when choosing insurance
• Ensuring your insurance meets mortgage requirements

 

 

 

Key Quotes:

 

"The burden of proof is always on the insured. It's your job to tell them what they owe you." - Andy Gurczak

 

"If you're going to do your own claim, shut the F up. Don’t say anything more than necessary." - Andy Gurczak

 

 

Connect with Andy:

 

Website: https://allcityadjusting.com/

LinkedIn: https://www.linkedin.com/in/andy-gurczak-528b9b64/

 

 

 

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