It is becoming more frequent that policyholders have such uninsured damage scenarios for several reasons. These include, but are not limited to:
• High Deductibles.
• Being Underinsured.
• Having limited amounts of coverage for certain types of loss.
• Co-insurance penalties.
• Gaps in coverage.
• Non-Covered Property
The greater the uninsured loss, the more critical it is for a claims handler to work on behalf of the insurance policyholder to orchestrate a procedure to recover uninsured losses. Our firm strongly suggests that policyholders retain their own claims handler, even if it is solely to work out subrogation agreements with the insurer.