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Chase storms, not debts.

[/vc_column_text][vc_column_text]Mother Nature is always busy, but some areas are more prone to storm dangers than others.  Each year, there are typically over a dozen Tropical Storms and Hurricanes formed in the Atlantic Ocean alone. Some of these storms, such as Hurricane Michael and Hurricane Florence, had disastrous impacts on people and property within the last year. These tragedies can mean big business for the professionals who are tasked with leading the recovery efforts on property and restoring the cities and towns to their former glory.

These situations that bring big opportunity in the construction industry, can also lead to all sorts payment issues with all the insurance claims and property owners withholding payments, among other situations. Greenlight Maximum Recovery wants to make sure your organization is prepared to handle this boom in business and make sure you get paid for 100% of the work completed, so you can focus on helping victims get back on their feet. [/vc_column_text][/vc_column][/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”left” overlay_strength=”0.3″ shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”1/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_column_text]

Here’s what you need to know about the recovery process after a natural disaster:

[/vc_column_text][vc_column_text]Once a disaster has settled, property owners return to survey the damage and begin the process of repairing or rebuilding their damaged property. There are commonly three players in this scenario: the property owner, the insurance company, and the contractor. The process can take months and typically follows a path like this:

• Owner Contacts Insurance – The owner of the damaged property contacts their insurance provider to begin the process of a claim.
• Claims Adjuster – The insurance company will send a claims adjuster to the property to review the damages on their behalf. They will typically survey the property and interview the owner to assess how much the insurance company should pay for the loss.
• Estimate Negotiation – Commonly, the contractor that the property owner has chosen to complete the repair job will attempt to negotiate the estimate with the insurance company to ensure the highest claim payout. It is important to note that in many instances, insurance companies will not allow more than 10% of total cost to be overhead/profit for the contractor.
• Price Agreement – The total cost will be locked in, sometimes by a third party, and the associated parties agree to begin repairs.
• Repair Completion – The contractor can now proceed with repairs and complete the project.
• Inspections – The insurance company will not pay out the claim until the completion of the work has been inspected. This inspection period can last a couple of weeks as it can take some time to schedule the inspector, especially with the increased volume after a disaster.
• Payout – Once the inspection verifies the completion of the project, the insurance will pay the total cost of the claim. At the time of claim payment, the contractor will furnish a lien waiver that absolves the insurance company of any liability for the property.

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Top Three Obstacles to Getting Paid When Dealing with Claims

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1. SUPPLEMENTALS – Additional claims outside of original estimate.

TIP: Your contract should clearly assign responsibility of supplemental issues to the homeowner.  These services are NOT related to the insurance claim, but mandatory to complete the job. I.E.  Replacement of Rotting Wood.

2. OPTIONAL UPGRADES – Property owner opts for optional upgrades above what the insurance company has valued the claim.

TIP:  Your contract should clearly assign responsibility of upgrades to the homeowner.  I.E. Homeowner opts for higher quality materials than the materials approved.

3. OWNER HOLDS CHECK – Insurance company pays claim to property owner who does not compensate their contractor.

TIP: Many homeowners will use minor issues and punch list items as reason to withhold the insurance proceeds.  In instances when the homeowner is being unreasonable, make sure to file your claim of lien to secure your monies.[/vc_column_text][/vc_column][/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” scene_position=”center” text_color=”dark” text_align=”center” overlay_strength=”0.3″ shape_divider_position=”bottom” bg_image_animation=”none” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”1/4″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][/vc_column][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”1/2″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_column_text]Contact GreenLight Max today to secure your debts and get paid for a job well done.[/vc_column_text][nectar_btn size=”medium” button_style=”regular” button_color_2=”Accent-Color” icon_family=”none” url=”tel: 18334675436″ text=”Call Us Today”][/vc_column][vc_column column_padding=”no-extra-padding” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_link_target=”_self” column_shadow=”none” column_border_radius=”none” width=”1/4″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][/vc_column][/vc_row]