Oct 272010

It is amazing at how many people that I talk to that tell me they don’t trust their insurance company.  They continue to pay the premiums hoping that they never have to file a claim.  I had one gentleman tell that reason he felt this way is that he knew that his insurance company would not pay him what he felt he would rightfully deserve.  It shouldn’t be that way, but that is how the insurance business model is built.

The typical insurance company wants to maintain a loss ratio as low as possible, this makes them more profitable.  What do I mean by loss ratio? Here’s a simple example, say that an insurance company has 100 clients that each pay $1000 per year for their homeowners policy.  This would equal $100,000 in premiums for that year.  Then one of the policy holders files a claim for $100,000.  This leaves zero profits and a 100% loss ratio.  Therefore insurance company’s take the steps needed to maintain at least a low loss ratio in order to keep profits up and who do you think suffers when these practices are put in place, you do, whether it’s through higher premiums or claims that have been reduced by the insurance companies.  Click here to see Homeowners Insurance Loss Data for Texas.

So based on everything shared here, doesn’t it make sense to hire someone who is going to work on your behalf?  Someone who has experience in dealing with insurance companies?  That’s what a public adjuster can do for you.  The staff here at InsuranceBusters.net works hard on your behalf, we represent you and only you against your insurance company and we don’t get paid unless we’re successful in our efforts to secure a claim for you.  So if you have filed a claim with your insurance company and you feel that you’re claim was not what it should have been, then click here and complete the form to allow InsuranceBusters.net go to work for you.  We’re licensed Public Adjusters for the states of Texas and Oklahoma and are ready to put your best interest at work.

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