Insurance Claims: No Insured Is An Island

I was speaking with a friend of mine today regarding a potential referral for business. A friend of his has an insurance claim and was apparently having difficulty with their insurer. In short they were out matched and out gunned at every angle. It didn’t help that the insurance company was one of those who hate paying out claims. Now you might say that all insurance companies hate to pay claims, but I am not sure that is correct. I think the vast majority of companies, while not liking to pay claims, see claims as a way to fulfill the promise made when they took the premium. Getting back to my potential referral story: this insurance company hates to pay claims. They are at war with their policyholder and the only one who doesn’t know it is the policyholder. 

This got me to thinking about Benefit Bill™. One of the points that I advocate on that site is team building. You would never consider playing football team without 10 other people on your side (we’re not talking about pickup games here), why do you consider going up against the insurance company without your team in place? Think about it a minute. Your insurance company has a readymade team at their disposal: claims managers, supervisors, adjusters, contractors, engineers, accountants, contents experts, attorneys and the list goes on and on. You do you have?

If you said me, myself and I, and you are going up against the insurance team, my monies on the insurance team. Maybe that’s why so many insured’s wind up settling for pennies on the dollar. If you’re not sure how to build your team, keep checking back with Benefit Bill™ from time to time. We are putting together lessons on team building, one team member at a time. When you begin putting your team together, the odds swing dramatically in your favor. Happy team building… and

Have a Great Day!

Bill

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Men

I spent a fabulous weekend surrounded by women at the 5^th annual Women’s Prosperity Network Un-Conference. I can’t begin to tell you how much I learned, the speakers were excellent, the information outstanding and I got a few tidbits that I believe will really enable my business to move forward.  If you want to learn more  check out WPNGlobal. Whether you’re a man or woman reading this, if you need a business support network, this is the group for you.

Now you might be asking what does WPNGlobal and the Un-Conference have to do with claims? Well, nothing and actually everything. A successful claim begins with knowledge. Just as BenefitBill™ provides you knowledge about the claims process, WPNGlobal brought together experts in partnering, marketing (traditional, web and social motivations speakers and the like. Each brought a wealth of knowledge to the table. Sometimes knowledge is not enough. BenefitBill™ advocates assembling a team of players to help you in your recovery: from engineers to contractors, to public adjuster and attorneys. WPNGlobal assembled a team of experts for the weekend to assist every attendee in need. 

When you experience a loss, having knowledge, a willingness to partner up with professionals, finding and researching your potential team members is not enough. The real key is that you have to be willing to take action. You have to be willing to pursue your recovery, team in tow.

So you see making your insurance claim and the Un-Conference have a lot in common: different tools, but the same framework: Knowledge and Partnering to achieve the desired outcome.

Oh, one last thing. I met a lot of really terrific people this weekend too!

Bill