Claims Consultant Chicago IL

Claims Consultant Chicago IL

After suffering a serious loss to your business or property, the circumstances allow you to file a claim with your insurance company. However, even though you have the legal right to do so, and even though your claim may be valid, the responsible party’s insurance company might reject your claim. Alternately, they might offer a settlement that is significantly less than fair, or drag out the payment process for years. In the meantime, your loss will pile up and you might not be able to afford the cost to repair your property on your own.. In these situations, a public adjuster from Childress Loucks & Plunkett may help protect your right to fair compensation and the recovery of your damages.

Claims Consultant – Chicago, IL

When an individual or business invests in an insurance policy, the terms of that policy become legally binding. Unless some element of contract law renders the terms of a policy invalid, both parties to the contract are legally obligated to honor their responsibilities as defined by the policy. At their most basic, insurance contracts generally stipulate that an insured individual or company will pay the provider a certain amount of money. In exchange for that investment, the provider will reimburse the policyholder (subject to certain limitations and limits) if certain specific occurrences result in harm, damage and/or financial loss.

The relationship between policyholder and insurance provider is therefore relatively straightforward. But sometimes, a provider will fail to uphold its responsibilities under the terms of a valid policy. When deliberately unfair behavior on the part of the provider results in harm to the policyholder, a bad faith insurance claim may be filed against that provider. A Chicago, Illinois claims consultant may be able to help guide you through the process of filing a bad faith claim, if you believe that your policy provider has treated your claim unfairly.

Bad Faith Insurance Claims: The Basics

A bad faith claim is grounded in the idea that insurance providers should not be able to deliberately behave in ways that compromise the integrity of their insurance contracts. By unnecessarily delaying payment, rejecting legitimate claims, failing to investigate claims and otherwise failing to behave in good faith, providers compromise the insurance system as a whole. Individual and business policyholders should be able to expect that if a claim is processed according to the terms of a contract that it will be paid in a timely, complete and proper manner. The law recognizes that insurance providers have access to more resources than policyholders and are generally in a position of greater strength. Bad faith claims help to “level the playing field” between providers and policyholders and help to hold policyholders to account when they do not honor the terms of their policies. Working with a Chicago, IL claims consultant can help to ensure that you are treated fairly by your insurance company after you have filed a valid claim.

Legal Counsel Is Available

If you are concerned that your insurance provider has behaved in bad faith, please do not hesitate to connect with a Chicago, IL claims consultant experienced in bad faith insurance claims. Scheduling a consultation with Childress Loucks & Plunkett does not obligate you to take legal action against your insurance provider. But if you take the time to explain your situation to a Chicago, IL claims consultant, you will be able to receive guidance that will allow you to make informed decisions about your situation. It is possible that your consultant may even be able to resolve your situation with your insurer without taking any formal legal action, if this option interests you and is appropriate for your circumstances.

Speaking with a member of our team will take little effort but may open a wide range of options and opportunities. Because your rights as an insured individual or your rights as a business owner may have been compromised in actionable ways by your provider, please consider obtaining legal claims guidance today.

What is a claims consultant?

A claims handler who protects the rights of insurance policyholders who attempt to recover their damages via an insurance claim is a public adjuster. In the area of losses, a consultant from Childress Loucks & Plunkett may advocate on your behalf when an insurance carrier is being unfair or unethical. Our Chicago IL public adjuster may also negotiate with the insurance carrier on your behalf to obtain the maximum possible settlement for your claim.

Insurance companies often have a team of high-priced lawyers who will make every effort to prevent their company from having to pay out high-dollar amounts for victims who have valid injury claims. In this way, the injured claimant can be victimized twice. Our consutant at Childress Loucks & Plunkett makes every effort to right that imbalance and provide justice for our clients. Your public adjuster may represent you in interactions and communications with the insurance company. On your behalf, we may do the following:

  1. Appraise a monetary value for your damages.
  2. Prepare a written estimate of your damages.
  3. Determine if and to what extent the insurance coverage will cover your damages.
  4. Submit the estimate and other relevant documentation of your damages to the insurance company.
  5. Negotiate with the insurance company’s representative, which is usually their claims handler.

Do I have to pay a consultant up front?

Usually, no. Under most circumstances, after a public adjuster successfully handles an insurance claim on behalf of their client, they will charge a modest but fair percentage of the settlement award paid by the insurance company. Or, you can hire them on an hourly basis.

When should a business hire a consultant?

If you sustained a loss and intend to file a consultant claim with the insurance company, you may benefit from immediately contacting a consultant. If you have already filed a claim but have not accepted a settlement offer, contact us at Childress Loucks & Plunkett to speak with a an adjuster Chicago IL businesses know and trust. At any point of the claims process, we may step in to represent you and protect your rights, but sooner is better than later. Call us today to discover how an adjuster from Childress Loucks & Plunkett may be able to assist you in getting the maximum compensation you deserve for your injury.