There is No Insurance Conspiracy… It is simple; insurance companies are not your friends. A large amount of property owners are grossly underpaid by insurance companies every year.

After the recent storms earlier this year many commercial property owners filed claims for roof damage. Unfortunately, much of the roof damages are not repaired due to underpaid claims. Large amounts of property owners are grossly underpaid by their insurance company on their claims when they do have property damage… sometimes even by 150%-200% (If even paid at all).

There is a basic insurance principle and that every property owner should remember: The insurance company is in business to make money and there is nothing wrong with that. But, commercial property owners have to understand, insurance is like a bet; the insurance company is playing the odds.

“Insurance companies are betting that there will be more people paying in, then claims being paid out. Don’t get me wrong, there are some great insurance companies that charge a premium and when you have a claim they are Johnny-on-the-spot, their higher costs are well worth the added expense, especially for commercial property owners. But in general, when they pay a claim they lose their bet.” Says Nicholas Bryditzki a HAAG Engineering Certified roof inspector and roof restoration expert.

This is not a conspiracy theory. Rather, it is a reasonable explanation of how insurance companies make money, and how their adjusters earn raises and keep their jobs for saving the company money. Remember these individual adjusters are simply trying to look out for themselves, especially in this economy.

Bryditzki states, “I have been on many commercial roofs, providing adjusters information, industry standards and pricing, only to have them come back with an insulting underpaid claim offer to the insured.”

Nicholas Bryditzki suggests that every commercial property owner have their roof inspected and have a documented roof report done every year. After a major storm, especially hail, have their roof inspected and damaged documented immediately. File the claim quickly and by no means have an insurance adjuster on their roof without their roofing contractor present.