A landlord’s job is never done, but there are ways to lighten the load when faced with disasters like fires or hurricanes. Every property manager knows the possibility of encountering devastating damage, especially in an intense landscape like Florida. We’re here to share our knowledge to assist you during your most trying times so you are able to protect your valuable assets and investments.
Take a moment to review our expert tips for landlords navigating the insurance claims process before calling your trusted team of public adjusters at Altieri Insurance Consultants Fort Lauderdale!
1. Know Your Rights As a Fort Lauderdale Landlord
There are plenty of insurance companies serving Fort Lauderdale who will count on you to overlook certain parts of the process and insurance policy to make things easier for themselves to limit their financial exposure. While offering a fast claim settlement might feel like a beneficial, streamlined service, being too hasty can ultimately be your downfall.
The bottom-line is don’t allow yourself to feel rushed or pressured into accepting a claim settlement quickly when you could be entitled to more. Landlords in Fort Lauderdale have every right to negotiate settlement offers and position themselves for a fairer outcome. Landlords also have the right to hire a public adjuster for a better chance at getting the correct amount for their damage claim.
2. Understand Every Aspect of Your Insurance Policy For Your Fort Lauderdale Property
Insurers aren’t exactly pushovers. They’ll dig deep to find reasons to bounce back in negotiations, and oftentimes, the minor details in your policy are used as ammo to support their position and settlement offers. Knowing the details of your insurance policy ahead of time can prevent these counterarguments from getting the better of you. This is exactly why we offer insurance policy reviews for landlords in Fort Lauderdale. Are you covered for new building code upgrades? What about temporary relocation of tenants or loss of rental income? You can trust our team to help you know your policy like the back of your hand and suggest adjustments to your coverage for responsible pre-loss planning.
3. Avoid These Common Mistakes Landlords Make When Filing An Insurance Claim In Fort Lauderdale
It’s the small mistakes people make that leave them feeling regretful. The most frustrating part? They’re usually easily avoidable. Don’t fall victim to these common mistakes when filing a claim as a landlord in Fort Lauderdale:
- Accepting the insufficient settlement offer
- Leaving small damages or losses undocumented
- Adding inaccurate details to your claim
- Allowing the tenant to collect for your damage
- Failing to submit a proper Proof of Loss
- Failing to mitigate damages properly
4. Make Sure to Communicate With Your Fort Lauderdale Tenants As a Responsible Landlord
You might be going through a lot already if you’re in the middle of settling an insurance claim, but don’t forget about your tenants! Recovering from a disaster directly impacts them as well, and they will feel more at ease if you keep them in the loop with all of the important details. A big part of property management in Fort Lauderdale is effectively communicating with everyone involved, including the people living in your property. This can be anything from updates on the claim, to construction timeframes and explaining where your insurance coverage ends, and their rental insurance begins. A public adjuster can explain to landlords and tenants, who is responsible for what, whenever damage occurs
5. Hire a Public Adjuster With Experience In Working With Fort Lauderdale’s Landlords
In any case, it’s always a good idea for landlords in Fort Lauderdale to hire a reputable team of public adjusters that they can trust. While some property managers might hire a lawyer to deal with insurance complications, public adjusters have a wider scope of knowledge and expertise in the insurance industry for greater benefit and lesser cost.
Read more > Why Should I Hire A Public Adjuster Versus A Lawyer?
Altieri Insurance Consultants Fort Lauderdale Helps Landlords Get What They Are Owed. Schedule a Consultation Today!
Ready to manage your property like a pro? Schedule a consultation with Altieri Insurance Consultants Fort Lauderdale when you call (813) 247-4757 for a trusted team of public adjusters near you. We help landlords throughout the community get the correct amount for their damage claims.
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