Hi Paul

You may not be surprised to hear, that I agree with every single thing that you have said, including the use of loss adjusters to minimize your Claim.

But as for the 'No Claims Bonus' idea, please don't get me started!

How can it be that each of your Cars, can earn its own 'No Claims Bonus'

While something like an Accident, no matter how 'minor' it may be, can affect the future Premium of both Cars.

 

Paul:


He,he!!! I am in the process of renewing my home and auto insurance. I have dealt with an agent for several years now that I trust. Before that it was a "useless" agent and a company that was incompetent. I had a claim. As a professional, I knew it was covered. They disagreed. I went to Small Claim Court. I presented my case. Their Adjuster presented theirs. Although, I am biased, my presentation was far stronger. I won!! I got paid. They did not even file the "Satisfaction of Judgement". Did I show them how? One guess.


In business for myself, I used "Carl Hutchins, Jr. Claim and Loss Adjuster" as my business name. There is a difference in Claim vs Loss.


Claim is the investigation and disposition of demands on the insured as a result of an accident. or possibly in contract. Settled, denied or defended.


Several of my clients insured contractors. Mostly small, but a few big ones!! I could get along with most. I spoke the language. Most were apologetic at having "screwed up". I calmed them down by telling them that if those things did not happen, I would have to find another way to earn a living.


One fellow was different. Indeed, he had screwed up. When we met, he told me that "I don't like or trust insurance adjustors". I responded, "I trust most contractors and like them". A goodly source of my income. We exchanged laughter and the claim went well. The damaged business was an artist's studio. We worked out a dollar settlement. I still remember his statue. WWI aviator, Frank Luke" in full leather flight gear. He was impressed when I told him that I was aware of the exploits. Frank Luke was a really small man!

Loss is the investigation, determination of loss and the policy application of damage to the insured's property.


The former adversarial, the latter far less. Most of the time here, I and the insured have reached agreement on the "scope of the loss", and then the value involved. I could write a detailed "Request for Bids". Assist in finding bidding contractors with skills to o that kind of work. And analyze the bids for accuracy and reality. A low bid, might be incomplete and therefore not actually the low bid.


My contacts with so many folks in so many fields enhanced my life a lot.