Most homeowners are content with their homeowners insurance policies, paying their premiums and not thinking too much about it.
However, that often changes once it comes time to file an insurance claim. After all, the insurance company and the homeowner have two opposing goals. The insurance company, which is a for-profit business, wants to protect itself and minimize its losses. The homeowner, who has suffered a loss and has paid his insurance premiums faithfully, wants his home restored and the insurance company to pay up. According to the Insurance Information Institute, in 2008, the insurance industry paid over $25 billion in insurance losses for catastrophes such as tornados and hurricanes. In fact, this figure includes over $10 billion in losses from Hurricane Ike. Though dramatic, $25 billion in insurance losses in a single year pales in comparison to the billions of dollars in insurance premiums collected each year.
So, what happens when you’ve paid your premiums, your home or business is devastated by a covered peril, and now your insurance company is nickel and diming you, perhaps even denying your claim? That’s where Smellsmoke Public Adjusters comes in.
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