5 Tips To Improve Speed Of Insurance Claims Process | Get Paid Faster
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- Опубліковано 12 лип 2024
- The insurance claims process can be slow, but the contractor actually has more control over the the speed and timing than you might realize. Time is money, especially if you are a roofing contractor/insurance restoration general contractor. This video covers 5 tips to improve the speed of the insurance claims process.
Chapter Timestamps:
00:00 - 14:22 Intro & Channel Updates
14:23 - 59:39 Chapter One: Control The Sign-up Process
59:40 - 1:08:03 Chapter Two: Dominate The Inspection Process
1:08:04 - 1:15:09 Chapter Three: Do The Insurance Adjuster's Work For Them
1:15:10 - 1:17:55 Chapter Four: Document The Build Process
1:17:56 - 1:24:43 Chapter Five: Be In Charge Of The Mortgage Process
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 - The Practitioner?
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
IESCertified.com Online Training Course | Sign Up Now & Save 50%
I feel the longer it takes from start to finish when you finish your project the likelihood to collect that final payment it can be problematic if you wait to long. Great content as always and I look forward to the next video
So true, man. Almost always. Not to mention the client is more than likely ready to be done with the situation too. Tension everywhere. It’s definitely better to charge right through it like you’re on a mission… because you are. 😉 Thanks again, brother. I hope you have an awesome week! 👊👊👊💪💪💪
bro im so glad I found your channel!!
I agree. I’m anti litigation. Write it up correct and it will pay out. It’s not about the money it’s about helping the client. I’m a PA and it’s the only way I work.
100 percent, brother. Thanks for watching and for the comment. I hope you are doing awesome, my friend. 🙏🙏🙏💖💖💖👊😉
Valuable information. Look forward to sharing with the our team; and also signing up for you class !
Awesome Sandra! I can’t wait to meet you in person! And thank you so very much for watching and for the awesome comment. I really appreciate it! I hope you have a phenomenal week and I look forward to seeing you soon! 💖🙏🙌👊😉
Thank you so much for your insight and wisdom. Again, your content has helped me so much in this field. God bless!
I’m so grateful for your comment, brother. Seriously. It means everything to me. Thanks for watching and for taking the time to comment. Keep going, my friend. Much love and God bless. 🙏🙏🙏💖👊😉
We have been fighting with State Farm since April of 2021...Our roof has wind/hail damage and they originally wanted to do repairs on our already 21 yr old roof....so we did a repair and it didn't work out well. Now we have them approving the East side and they say to reuse shingles to repair the West side...They are adamant that repairs can be done but the age of the roof is the issue..but if not for the original wind damage we would need to do anything. So frustrating...our next step is a formal complaint with Utah's Dept of Insurance.
Chad thanks for another great video, and for the shout-out! I work with contractors to get repairs paid for. Our goal is always a thorough estimate, in a timely manner, with as little post-build supplementing as possible. We want it all on the front end. I think a lot of PAs work with attorneys and maybe for larger claims or in certain regions (I am one of only a handful of PAs in my suburban/rural area) maybe that is needed. The scope of my advocacy for a policyholder comes down to a lot of the same things you talk about and have been talking about! The only difference is the policy and coverage stuff. I’d be lying if I said that policy and coverage don’t matter, but there is a ton of work that can be done from the contractor side of it and I am grateful for you taking the time to share your insights into that part of it, because it is so important. I can’t tell you how many clients have come to me after a contractor blew their claim over things like missing an inspection, failing to document damage, or just flat out lack of persistence. Every insurance restoration contractor can benefit from these lessons and the more that do, the less it is possible for contractors’ work to be systemically devalued the way it WOULD be if we all just took the carriers’ word for it. Keep up your yeomen’s work - we are all grateful!
Thanks a million, brother. Seriously. Not just for the awesome comment but for fighting the good fight day in and day out. Somebody’s gotta keep em honest, for crying out loud! 😅 Much love, brother. Please do keep in touch and keep moving forward! 🙏🙏🙏💖💖💖👊😉
Hey Chad! I just came across your channel earlier this week, and man do I wish I had this a couple years ago when I first started in the estimating business. I did think of one thing that has been more of a struggle recently, and I’m not sure if you have too much experience with it, especially with it being more predominant lately. But some of the major insurance carriers ( Liberty Mutual/Safeco) have switched to Symbility for their estimating software. The company I work for, and many other GCs use XM8 as you are well aware. I was wondering if you could make a video that specifically directs on how to combat with the crazy lowball pricing that Symbility offers, and make it a point to use the XM8 pricing. If you’ve already touch on that in a previous video, please point me in that direction. Thank you!
Thanks so much for watching and for the awesome comment, my friend. And yes! I do have something on that and I believe you’ll get a lot of value from it. I often talk about Symbility vs Xactimate. Definitely a challenge. But as you’ll see in this video it can be an advantage too. Here you go: What's Wrong With This Insurance Estimate? 10 | Xactimate From Symbility. ua-cam.com/video/DlPO4bB2ZTk/v-deo.html
Much love and God bless. Please stay in touch and let us know how you’re doing. 👊👊👊😉
How do you feel about changing the labor code from DMO to RFG for roofing or DMO to SDG?
I'm a Mold remediation contractor, I'm thinking of getting my public adjusters license. Would that be beneficial even though I would only operate as one at a time?
Question. If a homeowner has signed with a contractor to replace a roof and after fighting with the insurance company for 10 months to get them to approve replacing the roof, can the insurance company just take upon themselves to have another roofing company to provide them with a bid and then use their bid as the amount they will pay to replace the roof if it comes in lower than your contractor's bid? That is exactly what the insurance company claims manager did. He said he thought the bid from our contractor was high. He submitted his bid using Xactimate. The claims manager had another roofing company provide him with a bid for what they would charge. Their bid was lower so he based the amount they will pay from their bid. He said if our contractor does not want to do it for that price then this roofing company, he got a bid from will. Is that even legal for an insurance company to do that? He said he is just getting competitive estimates. We have a signed contract already which we signed 10 months ago and knows that.
Chad, Why cant a storm restoration contractor working an insurance claim for a homeowner put in the agreement, paid upon completion and let the homeowner collect the depreciation from the insurance company. I would really be grateful if you could answer this question for me Thanks!
How do we find contractors like you to work with in our area?
When you say sign them up are you talking about a contingency or contract? The reason i ask is because from what ive gathered a contract isnt valid unless it has an actual number, the roof costs x amount. If thats the case how would you have a number before the adjuster meeting?
I’ve also heard that too. However, I’m coming up on 25 years in the industry and I’ve enforced plenty of contracts. Many people will say that it has to have a specific amount to be valid… but that’s for retail cash jobs, not insurance jobs. If you can’t have a contract without an actual number, that would mean that Servpro and Belfor would be out of business. And they’re the biggest insurance restoration organizations in the world. And again, these statements don’t matter at all to me because I’ve used my own version for over 20 years. I’ve made a lot of money. And no one once has ever stopped me. I’ve worked for attorneys, police officers and more. In multiple states across the country, including Florida and California. Take it for what it’s worth.
You’ve been asking this question a couple of times now a couple of different ways. You know I have the contract in my course, along with a ton of other firepower. I know you haven’t signed up yet and you asked me if I would be a mentor. But the course has me talking for over 30 hours. I have a lot going on. I have a ten town tour coming up and I am adding to my course. I will try to help where I can… like with messages like this, but when it comes to one on one training or mentorship like you’re asking about, you can hire me to train you. There is a form on the site you can fill out for that. But the course… the contract is in the course as you know. I’m my opinion, you should sign up. You’re going the long route. IESCertified.com
Anyway, thanks for watching brother and for the comment. Much love to you man. Talk soon. 🙏💖👊😉
@Chad Michael - The Practitioner im signing up bro, i appreciate all the info. With all the value in these vids on UA-cam for free i cant imagine whats in the vault and besides youve already helped me so much I owe you at this point!! Thanks a million!
It’s Lia love you dad miss you see you soon💕💕💕💕🥰🥰🥰🥰❤️❤️❤️❤️
Aaaaaaaaawe baby!!!! You just melted my heart. I love you too and can’t wait to get home to ya! I’m super proud of you, honey. Keep being awesome! 🙏🙏🙏💖💖💖💖💖💖
@@InsuranceRestorationTraining ❤️💕💕💕