Insurance Adjuster Shortage: Why Does It Occur?

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What Happens if There is an Insurance Adjuster Shortage?

You may live in an area that gets hit by natural disasters, such as hurricanes, tornados, or flooding. Consequently, you may be one of many people whose property is severely damaged. Moreover, you will have to file a claim with your insurance carrier. However, you and other property owners may face a problem. Namely, there may be severe damage to property spread over a wide area. As a result of the widespread damage, there can be an insurance adjuster shortage.

How Can an Insurance Adjuster Shortage Happen?

In reality, an insurance adjuster shortage can easily happen. Remember, if you can, the damage caused by Hurricane Florence in North Carolina in September 2018. How about Hurricane Irma in Florida in September 2017?
More recently, Hurricane Ida wreaked havoc along the Gulf of Mexico in Louisiana. Moreover, Ida’s aftermath caused massive flooding in the northeast United States.

When massive storms extensively damage property, insured property owners file claims and claim adjustments with their carriers. However, depending on the number of damaged properties, insurance companies may struggle to send adjusters to inspect the property damage. Large insurance companies usually have adjusters on their payroll. If you are fighting with your insurance providers, then consider contacting the National Association of Public Adjusters for help.

Why Can't I find a Qualified Insurance Adjuster During an Insurance Adjuster Shortage?

However, given the extent of damage caused by severe storms, the demand for qualified insurance adjusters and public adjusters may exceed the supply. Moreover, how quickly your insurance claim adjuster can settle your case will depend on many factors. For instance: your type of insurance, type of claim, and where you are in the claims process.

As in any other field, there are excellent insurance adjusters out there. Likewise, there are also good insurance adjusters. But unfortunately, there are terrible and inexperienced insurance adjusters out there too. Remember, be wary of insurance company adjusters, as they focus primarily on the insurance company's bottom line.

What is the Effect of an Insurance Adjuster Shortage?

Indeed, an insurance adjuster shortage affects the insurance company. It slows down the processing of claims, thereby delaying the claims adjuster's work. In addition, there may not be enough qualified insurance adjusters to make inspections on time in the aftermath of a severe storm or flood. In short, even if you file an insurance claim promptly, you might not get help from the insurance adjuster right away.

Will The Insurance Adjuster Shortage Effect My Settlement

Property owners may contest the insurance company’s settlement offer based on a poor inspection by an inexperienced insurance adjuster. Remember, the insurance adjuster cats on behalf of the insurance company. AllCity adjusters act on behalf of the property owners.
Notwithstanding the effect on the insurance company, an insurance adjuster shortage has a massive impact on the property owner. Furthermore, as stated above, the adjuster shortage will slow down the processing of claims. Consequently, it will take longer for the insurance company to pay claims.