Ameriloss Public Adjusting Corp

Ameriloss, Ameriloss Public Adjusting Corp

Ameriloss Public Adjusting Corp

I've suffered a loss - what do I do now?
Promptly report the loss to the insurance company or, even easier, call AmeriLoss and we will report the claim right away after you retain our services.

An insurer's underwriting performance is measured in its combined ratio which is the ratio of losses and expenses to earned premiums. A combined ratio of less than 100 percent indicates underwriting profitability, while anything over 100 indicates an underwriting loss. A company with a combined ratio over 100% may nevertheless remain profitable due to investment earnings.

Insurance companies earn investment profits on “float”. “Float” or available reserve is the amount of money, at hand at any given moment, that an insurer has collected in insurance premiums but has not paid out in claims. Insurers start investing insurance premiums as soon as they are collected and continue to earn interest or other income on them until claims are paid out. The Association of British Insurers (gathering 400 insurance companies and 94% of UK insurance services) has almost 20% of the investments in the London Stock Exchange.

In the United States, the underwriting loss of property and casualty insurance companies was $142.3 billion in the five years ending 2003. But overall profit for the same period was $68.4 billion, as the result of float. Some insurance industry insiders, most notably Hank Greenberg, do not believe that it is forever possible to sustain a profit from float without an underwriting profit as well, but this opinion is not universally held.

Ameriloss :The Greeks and Romans introduced the origins of health and life insurance c. 600 AD when they organized guilds called "benevolent societies" which cared for the families and paid funeral expenses of members upon death. Guilds in the Middle Ages served a similar purpose. The Talmud deals with several aspects of insuring goods. Before insurance was established in the late 17th century, "friendly societies" existed in England, in which people donated amounts of money to a general sum that could be used for emergencies.

Separate insurance contracts (i.e., insurance policies not bundled with loans or other kinds of contracts) were invented in Genoa in the 14th century, as were insurance pools backed by pledges of landed estates. These new insurance contracts allowed insurance to be separated from investment, a separation of roles that first proved useful in marine insurance. Insurance became far more sophisticated in post-Renaissance Europe, and specialized varieties developed.

Some forms of insurance had developed in London by the early decades of the seventeenth century. For example, the will of the English colonist Robert Hayman mentions two "policies of insurance" taken out with the diocesan Chancellor of London, Arthur Duck. Of the value of £100 each, one relates to the safe arrival of Hayman's ship in Guyana and the other is in regard to "one hundred pounds assured by the said Doctor Arthur Ducke on my life". Hayman's will was signed and sealed on 17 November 1628 but not proved until 1633. Toward the end of the seventeenth century, London's growing importance as a centre for trade increased demand for marine insurance. In the late 1680s, Edward Lloyd opened a coffee house that became a popular haunt of ship owners, merchants, and ships’ captains, and thereby a reliable source of the latest shipping news. It became the meeting place for parties wishing to insure cargoes and ships, and those willing to underwrite such ventures. Today, Lloyd's of London remains the leading market (note that it is not an insurance company) for marine and other specialist types of insurance, but it works rather differently than the more familiar kinds of insurance.

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Other types

* All-risk insurance is an insurance that covers a wide-range of incidents and perils, except those noted in the policy. All-risk insurance is different from peril-specific insurance that cover losses from only those perils listed in the policy. In car insurance, all-risk policy includes also the damages caused by the own driver.
* Business interruption insurance covers the loss of income, and the expenses occurred, after a covered peril interrupts normal business operations.
* Collateral protection insurance or CPI, insures property (primarily vehicles) held as collateral for loans made by lending institutions.

The insurance company has provided an adjuster, do I still need a Public Adjuster?

The adjusters sent by your insurance company are employed and paid by them. It is advantageous for their adjusters to work on behalf of the insurance companies. AmeriLoss Public Adjusting Corp. is your personal adjuster and expert witness working exclusively for you. With their experience and knowledge, they are better able to obtain a more favorable adjustment.

Ameriloss : Should I prepare my own insurance claim?
Sure, but it stands to reason that the Licensed Public Insurance Adjuster, who has years of experience and training, can do so with a more thorough job than the policyholder. The adjuster will handle all the necessary details for compiling and filing claims, as required by the terms of your insurance policies. Your public insurance adjuster will also negotiate, on your behalf, with insurance company representatives and handle all matters essential to a proper and satisfactory adjustment.

Ameriloss Public Adjusting Corp How is the actual loss determined?
They do an itemized estimate of all the damages in your property, as well as a physical inventory of your personal property to make sure all provisions in your policy are properly fulfilled. This often involves numerous steps of which you may know little or nothing, but can make a significant difference in the amount of the final adjustment.

Ameriloss Public Adjusting Corp Other types

* All-risk insurance is an insurance that covers a wide-range of incidents and perils, except those noted in the policy. All-risk insurance is different from peril-specific insurance that cover losses from only those perils listed in the policy. In car insurance, all-risk policy includes also the damages caused by the own driver.
* Business interruption insurance covers the loss of income, and the expenses occurred, after a covered peril interrupts normal business operations.
* Collateral protection insurance or CPI, insures property (primarily vehicles) held as collateral for loans made by lending institutions.

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