Advantages of Pre-Designation
The Advantages of Pre-Designation
Many business owners are pre-designating Public Insurance Adjusters as part of their commercial insurance coverage. This provides many significant advantages.
- A pre-existing relationship means the Public Adjuster already has an inventory of property and assets. Without it, the adjuster must pore through the wreckage in order to quantify the full extent of the loss. A pre-existing inventory leads to a more complete—and faster—accounting.
- In the event of a loss, the Adjuster can go to work immediately, enabling the client to focus on other pressing tasks. Without a designated Public Adjuster, the insured must interview and review adjusters’ capabilities during a very critical time when time is of the essence.
- An adjuster familiar with a client’s holdings may identify overlooked assets, that if under-insured will be difficult to replace with existing policies.
- A pre-designated adjuster can be on-call to respond to catastrophes immediately regardless of where the property loss occurred.
Pre-designated adjustment riders are becoming more commonplace, particularly as business assets increase in value. Ask Mr. Knox for a more detailed explanation