Ryssdal: Among the big issues with this shortage is the fact that a stale claim, somebody states within this piece, is definitely an costly claim. They do not age well.
Kai Ryssdal: You explain within this story that Florida is particularly susceptible to this sort of shortage just due to the way the insurance coverage market works. Explain that a bit.
Ryssdal: And there is a great anecdote of 1 guy you speak with with this piece driving around in the RV. And that is how he is doing it, he has got his office in the in the RV.
There’s some insult being put into the injuries in Florida now. On the top from the flooding and also the wind damage — and property damage of other forms — it’s especially difficult at this time for Floridians to have their insurance claims processed. The issue being that many the insurance coverage adjusters have been in Houston, because Harvey arrived first.
Scism: To obtain a license requires about 40 hrs. So it’s just a little late that people come lower there to Florida and think they are getting permission after which get certified with an insurer. So, I’ve had a couple of readers send e-mails asking how they may will go about getting licensed there. But there’s a procedure.
Leslie Scism: Florida includes a very unusual market and contains coded in this unusual way since Andrew in 1992. The large insurance providers, the large household name home insurers, happen to be shrinking their footprint there. Instead came lots of promising small to mid-size insurers. They do not generally have these big fleets of in-house adjusters so that they use what’s known as the independent adjuster market.
Scism: Most companies are scrambling to locate enough insurance adjusters how to handle Irma’s claims and they are getting to boost pay. Therefore if you are still in Florida and you are a completely independent adjuster you are gonna make a bit more money than you’d have, had Harvey not already hit. And a few of individuals Harvey adjusters are returning to Florida now but they are overall the work they do or a number of them are departing before they ended. But they are eager to return to Florida and obtain the greater pay now.