King Patrick B & Associates

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Corporate History Fine Art Appraisal Loss in Value Loss Management Liability Insurance Subrogation Expert Testimony Articles

Insurance is a good business concept. Its initial standards were based on trust, responsiveness, loyalty, accountability and responsibility. Insureds pay their premiums with the expectation of being compensated for unexpected and unintentional losses or damages. It is a contractual agreement. Policyholders feel that they have held up their side of the deal and, understandably, expect the same of their insurance carriers.

Unfortunately, today, by the time that the insured needs his/her carrier; their insurance carrier can become an adversary.

From the policyholders perspective trust is eroded as soon as responsiveness comes packaged in mandated and rigid cost cutting controls before hearing the insureds side of the story. The human quotient seems irrelevant and quickly thrown out of the equation.

Cost cutting and stone walling are the antithesis of the standards of the original contractual agreement. Once, the initial contract is breached, waste of time, energy and money accelerates at an alarming rate.

Several roadblocks derail the process. Often insurance claims adjusters misconstrue whose money it is and where it came from originally. It came from the insureds premiums paid in good faith. To compensate for damages fairly and accordingly not for the insurance claims adjuster to feel like every cent is coming from their pocketbook and make decisions accordingly. There are many simple and practical ways of respecting both the insured and the insurance carrier, before unnecessary aggravation, excess spending and acrimony spiral out of control.

The insured wants to resume their lifestyle as soon as possible. This is the insurance carriers responsibility.

I have found, at my years at Patrick King and Associates, that the solutions are not complex concepts sometimes complicated and challenging but not brain surgery.

We have successfully completed insurance appraisal clauses dealing with, additional living expenses, contents value, residential structure value, fine art value, historical value, use value, research value, age value, new value, sentimental value, monetary value associative value, commemorative value, educational value, personal value, and rarity.

Commercial Structure Estimating
We have successfully completed, cost effective insurance appraisal clauses dealing with, loss of use, insurance contents loss of value, additional living expenses, residential structure loss of value, commercial structure loss of value, commercial contents loss of value, art loss of value, smoke contaminated clothing loss of value, furs loss of value, loss of value smoke contaminated electronics, historical loss of value, use loss of value, research loss of value, age loss of value, new loss of value, sentimental loss of value, monetary loss of value, associative loss of value, commemorative loss of value, educational loss of value, and rarity. Rory Dempsey is a Professional Claims Appraiser and Professional Estimator in Skokie IL.
We have completed cost effective insurance appraisal clause in Florida, Indiana, Illinois, Michigan, North Carolina, South Carolina, Louisiana, Mississippi, Tennessee, Texas and Wisconsin.