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SUPERSTORM SANDY: Was Your Wind Claim REALLY “Less Than Your Deductible?”

By James M. Wagner, President/CEO of Alliance Adjustment Group, Inc.

www.allianceadjustment.com

Here we are, 18 months after Superstorm Sandy, and we at Alliance Adjustment Group are STILL receiving new calls from home and business owners about their damages, many of whom received little or no money from their insurance company for the WIND DAMAGE associate with the storm.

The reality is, in the days and weeks following Superstorm Sandy (October 29, 2012), most property owners were seemingly more concerned with the “Flood” damage from the storm, than the “Wind” damage.  While many property owners immediately called their respective agents to report the damages to their homes and businesses from the storm, as it turns out, it often resulted in little or no recovery under the homeowners (a.k.a. “wind”).  At the time, it was common for many homeowners insurance companies to discount the wind damages, suggesting there was little of no coverage for the claimed damage under the “wind” policy.    Looking back, one can easily find examples where the wind carrier ultimately changed its position from one of “little or no” coverage, to very large settlements.  Why, you ask?  Well, to answer that, one must understand and recognize that insurance is BIG BUSINESS, with billions and billions of dollars at stake.

According to the industry publications, Insurance Journal http://www.insurancejournal.com/news/national/2012/06/26/252905.htm and Marketing Daily http://www.mediapost.com/publications/article/177479/geico-advertising-soars-to-1-billion.html the top insurance companies each spend hundreds of millions of dollars a year, some cresting the billion dollars mark, in  advertising, in an effort to build their business.  The battle to stay on top is fierce, and a fat advertising budget is one of the most common ways to get there.  In order to be able to sustain this type of business model and strategy, insurance companies must take in far more in premium dollars, than they spend on advertising and other expenses.   After all, Insurance Coverage is a business, and as such the respective companies are in business to make a profit.

What does this mean to you, the policyholder who has damage to your home or business?  Well, think about it.   When one is told by their insurance company that they are “not covered for the damages” or their “covered damages are less than the deductible”, what do most people do?  They accept it at face value, and never question it any further.   (Shame on you for thinking your were actually covered for damages under a policy you paid good money for!  Score one for the mighty insurance marketing machine.)

Don’t throw in the towel just yet.  It is possible there is a light at the end of this long tunnel.  If you are one of the thousands of policyholders who received little or no money for your WIND damages as a result of Superstorm Sandy or some other storm event, you are not alone.  At Alliance Adjustment Group, we are ready and willing to meet with you at your home or business, at no cost or obligation.  Let’s have a conversation and see if we can help you recover benefits from your homeowners (wind) insurance company for your damage.  At Alliance Adjustment Group, we are only paid if we recover money from your insurance company, so you have nothing to lose.

Call us TODAY at 888-890-2288. You will be glad you did.

Thanks for reading, and have a great day.

 

James M. Wagner, CR

Licensed Public Adjuster

Alliance Adjustment Group, Inc.

888.890.2288

jwagner@allianceadjustment.com

 

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