Misconceptions about claims can put restoration contractors at a disadvantage when negotiating with insurance adjusters. Today, the restoration insurance billing experts at OCS are here to discuss some of the common myths restoration professionals have about the claims process. We’ll also provide some tips for negotiating invoices more successfully with restoration insurance adjusters.
We hear it from restoration contractors every day: they dread long and tedious restoration insurance billing processes. It can be frustrating to go back and forth with adjusters over an invoice, especially when you aren’t convinced it will pay off.
All restoration contractors want to be paid quickly. But when you rush to settle claims, you sacrifice higher payouts. If you find yourself hurrying to get restoration invoice negotiation over with, it can mean a couple of different things:
Should you settle quickly for a lower amount to get money in your pocket sooner? Or should you go through a longer claims negotiation process to fight for a higher payment? This is the dilemma many restoration contractors find themselves facing during claims negotiation with restoration insurance adjusters.
In reality, you don’t have to choose between fast payment and higher payment when you understand that you can secure more than one payment per restoration invoice. Ask your insurance adjuster for a partial payment covering the undisputed line items. After receiving this partial payment, you can continue to negotiate over other line items. This initial payment can give you the financial security you need to feel comfortable continuing to negotiate for higher payment.
As a restoration contractor, you want to have a good relationship with the homeowners you serve. Because of this, many contractors are reluctant to ever get homeowners involved in claims negotiations, fearing that it will reflect poorly on their company or that the restoration adjuster will turn the homeowners against them.
In reality, sometimes it is worth it to get homeowners involved, and there are ways to approach involving the homeowner without harming your credibility or relationship with them. Often, it’s what you do before involving the homeowner in claims disputes that matters the most. On every job, share with homeowners not just what you’re doing, but why you’re doing it. For example, show them how you used a moisture meter to reveal hidden moisture damage inside their wall. This communication strategy builds customer confidence in both your honesty and your expertise. Then, if the adjuster tries to argue that you performed more extensive water damage restoration work than necessary, the homeowner will be able to confidently say, “Actually, they showed me the moisture meter reading proving that area suffered water damage.”
While it’s common for people in smaller companies to take on multiple roles, claims management is a specialized responsibility that benefits from undivided attention and expertise. If you’re a smaller restoration business, you might think that having a dedicated claims specialist isn’t realistic since your company doesn’t have 40 hours of claims work every week.
But the truth is, hiring someone to fill a full-time restoration insurance billing position isn’t your only option for getting a dedicated claims specialist. Outsourcing claims management to a restoration insurance billing company can give you the expertise you need without needing enough invoice work to justify a full-time internal position. Investing in a dedicated claims specialist through outsourcing can significantly improve restoration claim outcomes and profitability.
At One Claim Solutions, we provide restoration adjuster billing services for restoration contractors. Reach out to our team to explore if outsourcing your restoration insurance billing work is right for your business. For more tips on restoration insurance billing, subscribe to our newsletter, Claims Corner.