Contractors Should Never Settle Insurance Claims With Adjusters
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- Опубліковано 21 вер 2022
- One common misconception with property damage insurance claims is that the restoration or roofing contractor needs to reach a settlement with the insurance adjuster. Contractors shouldn't ever settle claims though. You don't need to settle for anything.
This was filmed on September 9, 2022 in Denver, Colorado during the Insurance Restoration Masterclass by Chad Michael.
To get tickets to live training events go to: buytickets.at/insurancerestor...
Please let me know what your thoughts are below.
Keep winning, my friends... Much love and God bless!
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Who is Chad Michael?
Chad Michael - also known as “The Practitioner” - is the founder of the “Insurance Restoration Training” platform and the “IESCertified.com Online Training Program”. Chad is the pioneer of “The Practitioner Podcast”, the founder of OverheadAndProfit.com and is also featured on the Insurance Restoration Training Official UA-cam Channel. He is a public speaker, trainer and serial entrepreneur.
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The Practitioner Podcast available everywhere you get your podcast:
Apple iTunes, Google Play, Google Podcasts, Stitcher, TuneIn, Spotify, Soundcloud, and more! Subscribe today and never miss an episode.
thepractitioner.libsyn.com
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For another valuable playlist for Insurance Restoration "Sales & Marketing Strategies & Tactics" please visit here:
👉: • Sales & Marketing Stra...
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For my online training course on Inspections - Estimates - Supplements (IES), please visit here:
👉www.IESCertified.com
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Other highly valuable UA-cam playlists on this channel:
👉Commercial Insurance Restoration: • Commercial Insurance R...
👉Client Consulting Meetings: • Client Consulting Meet...
👉The Code Game: Using Building Codes To Win: • The Code Game: Using B...
👉Breaking Down Insurance Adjuster Xactimate Estimates: • Breaking Down Insuranc...
👉Inspecting & Photographing Hail Damage: • Inspecting & Photograp...
👉Podcast | The Practitioner: • Podcast | The Practiti...
👉Insurance Adjuster Strategies: • Insurance Adjuster Str...
👉On The Grind | Inspiration: • On The Grind | Inspira...
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For another highly valuable series of mine that covers how to write Xactimate estimates and actual insurance claim supplement case studies, please visit my highly acclaimed series called: "What's Wrong With This Insurance Estimate?", which you can access all episodes here:
👉 • What's Wrong With This...
Episode List:
For Episode 01 visit here:
👉 • What's Wrong With This...
Episode 02 is here:
👉 • What's Wrong With This...
Episode 03 is here:
👉 • What's Wrong With This...
Episode 04 is here:
👉 • What's Wrong With This...
Episode 05 is here:
👉 • What's Wrong With This...
Episode 06 is here:
👉 • What's Wrong With This...
Episode 07 is here:
👉 • What's Wrong With This...
Episode 08 is here:
👉 • What's Wrong With This...
Episode 09 is here:
👉 • What's Wrong With This...
Episode 10 is here:
👉 • What's Wrong With This...
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Strategy. Consistency. Diligence. Dedication. And most importantly of all, putting in the HARD WORK... that's REQUIRED... to WIN IN THIS GAME!
I'll see you at the top!
- Chad Michael
#ThePractitioner
For tickets to live events, go here: buytickets.at/insurancerestorationtraining
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Love your content sir! Just got a USAA claim from 65k to 97k. Been learning a lot from you! Thanks 🙏 FORT WORTH, TX 💪
Awesome content!
Thank you brother! 🙏🙌💖👊😉
No one seems to understand how important the inspection process is!!! It all starts there!
exctly and an insurance adjuster or PA is not an inspector
Helll yeah brother
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I agree hands down supplemental all day
Deny, Delay, and Disregard
They always are, my friend. 🤦🏻♂️👊😉
You are awesome
Thanks for watching and commenting, my friend. 🙏🙌👊😉
Hey, thank you for making these talks available here. It has been incredibly helpful in getting me going in insurance restoration. Is there somewhere that I can just purchase you contract template?
Not just the contract template by itself but it is included with the IES Certified training course. IESCertified.com
Thanks for watching! 🙏🙌💖👊😉
Good content. We typically like to get our supplements squared away before we start restoration too. Do you have anything on dealing with TPA’s such as Contractor Connection, Sedgewick etc? We’re thinking of coming to Grand Rapids for your seminar in July.
Thanks for watching, brother! Also for the comment. Not really. I have had experience in dealing with them. I don’t like doing so. Lol. They are definitely meant to save the insurance companies money, of course. However, I have had clients use them effectively in storm damage situations. They use them to find great spots that no one else really knows about. Then they build out their footprint around those clients with referral business, etc. They are also good to fill down time. That’s usually the reason why contractors sign up with them. A steady flow of business. That is obviously worthwhile too. Anyway… sorry I can’t offer more to the conversation but I hope this helps a little at least. Have a great week and hopefully we will see you in Michigan! 🙏💖👊👊👊😉
Segewick sucks.
Is there a database or list of New York IES certified contractors?
what about the new storm just came in? All those roofs need a claim called in.
If the supplement is approved and the check for the rebuild +supplement is sent yo the homeowner before the rebuilding start and the homeowner end up spending less for the rebuild than the check was written for is it ok to keep the leftover of the check?
That’s fraudulent
Keep it
@eduardomendez1462 👊😉
Law states never put down more then 10%.
Which law is that? Every state has their own laws.
💯💯💯$$$ 👊🏻👊🏻
The problem starts with the title. Contractors don’t settle claims.
Another self proclaimed restoration guru.
I see you haven’t even watched the video.
2 things: 1) the entire video is mostly about how contractors should NEVER be involved in settling claims. And 2) I have never in my entire 24 year career EVER referred to myself as a “guru”. Attention to details matter. Thanks for the comment. It really helps the algorithm. 🙏👊😉
@@InsuranceRestorationTrainingCorrect. An Adjuster WILL NEVER settle with a contractor. Come to an agreed price… yes.
I just ask questions.
Much appreciated, my friend. 🙏👊😉
The insurance companies just want to screw you. Lie, hang phone up on you, etc. There tactics are incredible.
Not all insurances… AaA approved me within 1 week and included gutter replacement. I have been denied by allstate multiple times before and I had to provide extreme amount of paperwork and bickering for them to cover for supplemental coverage…. Arguing that $600 was enough for a painter to do a 180 sq foot ceiling replacement and paint lol…. Their estimate program is straight up BULL
@Marlon Estrella Dealing with AllState right now, the second I hear an Indian accent I know it's gonna be trouble.
@@jimneythecricket4725 the three times I have been denied was American…..Allstate in general is nothing but scum bags…. What’s funny is after they found out I have a new roof and my fence has to been re-stained they sent me numerous and I mean 4 letters asking me to come back. They even unercut AAA premium to $1640 vs the $1980 I’m paying annuallyThey just ant to collect money and not pay for shit. And when you have legit reasons to get reimbursed to set things right, you have to literally go beyond this galaxy just to point out the obvious….
I literally watered down what actually happened my story is actually worse but I’m not privy to disclose it on the internet. As soon as I was paid, I straight up told them …¥ou im gone…..
@@jimneythecricket4725 also the allstate will try to trip you up because you don’t understand or fully grasp the nomenclature of some of the insurance language. My wife speaks Tagalog and English but her main language is Filipino. She doesn’t really know the difference between freeze and wind damage that caused leaks…. These fkn allstate americans folks will try to catch you slipping. I didn’t make the same mistake while I was with AAA…. My roofer stood right next to me and I knew exactly what to say. The difference is, this “field adjuster” tried to slip me up and my roofer and I caught him in his lies…. He tried to say AAA premiums requires a waiver for all soft metals…. Which I told NO it did not sign such waivers…. I called my desk adjuster, confirmed I didn’t…. Shown them a picture of my gutters…. Gutters paid for…. Just saved $2800 for that….
Allstate is fkn trash and so is Statefarm…. My neighbor got denied 3 times and his roof was worse than mine…. He is insured with State Farm
Geez this is slimy carpet bagger pitch.. Now I understand why Florida, Louisiana, and California are a mess. This is just a slimy hustle. It’s exploitation. The only people that it’s going to suffer is the insured.
1) a contractor can be there. The adjuster doesn’t care if you’re there or not. they’re going to write up their estimate based on the guidelines provided by the carrier (the policy). Ass kiss all you want 🤷♂️… a policy doesn’t change no matter how much you cry and complain about a paycheck.
2) just because a person walks in by the policy doesn’t mean it’s “top of the line” HO5. the insured most likely bought a policy that fit their budget. Believe it or not, there are different policies DP, DP2, DP3, HO3, HO5, HO8…on and on. Each policy has its own distinct coverages with different limits different deductibles and different perils, open perils, named perils, etc.
3) all adjusters know that you’re there to butter some bread. Ignorance displayed with false promises. Put the fear of loss into the insured‘s mind, then point at the adjuster. There’s a false sense of security provided to the insured that you’re “representing” or acting as an “advocate”. These are all violations without the correct credentials. (One idiot slapped a big sticker on his door that said “insurance specialist”…. He doesn’t even have an insurance license. 🤭…. This is indiscriminately false.
4) contractors, have no say in policy decisions, coverage or negotiations. an adjuster is going to stick to that policy you paid for. There’s no such thing as “the insurance company is out to screw you!!!”. That’s a scare tactic. Remember, you went into the agents office and you bought insurance and you agreed to deductibles coverage and premiums before the incident occurred.
5) contractors don’t “work for insurance companies” stop saying that…. if you do, you’re called a vendor… and those are the worst. Don’t preach from the pulpit at the top of your lungs “ insurance companies are evil!!!!” ….. and then say you work for them….(bonehead). Technically speaking you should be saying “I’m familiar with insurance claims” and that’s all you can say.
6) All contractors show up empty-handed. Insurance is full of regulation, audits, investigations. an insurance company or an adjuster is not going to pull his pants up to his nipples and say, “Welp, He said it’s true, so it must be”. The level of unprofessionalism is mind boggling. Show up with a valid contract, permit, an estimate, and any documentation that you’re going to need. There’s nothing worse than listening to a contractor with an ignorant and lazy tongue. Come to the job like you care about it. It’s that easy. When I say “contract”, I mean something enforceable in court. A time, an amount, quantity and type of material, start date, end date and a signature. Not that piece of crap circulating around that tells the insured how you’re gonna get paid. it’s deception and the insurance companies know it. Life is harder for you not the insured.
7) If you are a problem, delay the claim, interfere, stop the progression of the claim……. The insurance company can and will kick you out and take it over. They can and will find a contractor that will restore the damage in a timely fashion. That is in the policy that the contractors don’t read. Adjusters and insurance companies know that when a contractor shows up empty-handed they’re going to milk the claim and it’s likely not going to benefit the insured at all. The insurance company is going to protect that insured from the contractor.
8) adjusters most certainly DO read the building codes. I’ve got the 4 inch thick blue IRC code book on my desk. Adjusters also know the building codes are applied to “new construction”. If an insured has a 70 year old house, Well, that doesn’t help much, does it.🤷♂️ It’s a 70 year old house….. built 70 years ago …..under different building codes. if you were going to alter repair or start manipulating 25% or more of the structure…. you’re gonna have to buy a permit. All contractors sell “the code pitch”, but they never show up with a permit. I wonder why 🤔.
Because of the massive hemorrhage that this type of practice has brought on across the country, insurance companies are not going to cover natural disasters in the near future. It’s going to be handled like flood insurance and we all know how that works. If a person buys an H03 they will have to add natural disasters to the policy and that’s where it starts getting REAL expensive. 50% of your market just dissolved. Citizens in Florida (state insurance) just picked up $60 billion worth of coverage this year because all of the private companies are leaving ….
Ask me how I know all this…..
To add….. insurance company is a game of large numbers. Or at least that’s how they describe it in the AIC book. It’s a socialistic type of program in which large numbers or contributors cover the losses across the country at different times while still making it affordable. It’s a large bank account used to “recover.” Not profit. I’m a homeowner too. When a catastrophe hits the total loss is assigned to that ZIP Code, and they will recoup their losses through the premiums. When the losses are so great through hemorrhaging and leaking. The premiums are unaffordable in that ZIP Code so they cut the coverage next year. The insured is paying more in premiums and getting less coverage. And if the losses are so great, they jack up the premiums exponentially, and people lose their insurance because they can’t afford it. For the sake of everyone’s benefit, the insurance should be protected and not pillaged. If you turn in $100,000 estimate for a loss that undeniably is $40,000…. That’s going to hit everybody hard next year.
@jeffhamann4350 awesome comment. Extremely reasonable and sensible. I’m not in favor of inflating estimates to fluff numbers. I am only advocating ensuring that missing items on the estimate get included and paid for. That way, when paying these premiums that you referenced, the consumer can actually get what they paid for already. Thanks for watching and for the awesome valuable contribution to the conversation. 💖🙏🙌👊😉
The ramifications of these behaviors will cause much more suffering than the storms themselves. These guys are pushing the limits beyond reasonable expectations.
Thanks for watching and for the comment. 🙏
Recently had a pair of adjustors tell me the building codes didn't apply to existing structures, only new builds. After the state and local construction code officials wrote letters AND referenced the UCC clearly stating the opposite, both adjustors still held onto their "belief." Now it's a lawsuit, after the Insurance Commissioner cited the carrier on three separate bad faith instances on one claim.
The permit issue you stated is a fallacy, because the 2021 IRC and IBC make it clear in their scope from the get go that they apply to all structures regardless of permit, not just new builds.
Adjustors apply policy. Contractors apply building codes. Bad things happen when either one starts trying to do the others' job. Or as my old drill sergeant used to say "Stay in your lane private!"