Welcome to Globe Midwest Adjusters International
Premier Public Adjusters representing policy holders in Michigan, Illinois, Ohio, Indiana, Wisconsin, Minnesota, Kentucky, Missouri and Iowa since 1924.
As the nation's premier disaster recovery consulting organization, our core focus is maximizing and expediting our clients' financial recovery from insurance and FEMA.
We have offices in Southfield and Grand Rapids, Michigan, and Chicago, Illinois. We're experienced with the types of natural disasters that strike here, the companies that insure here, and how local claims are handled. We have the resources and expertise to thoroughly investigate your loss, accurately prepare, document and submit your claim, and get you a full, fair and expedited settlement.
For 90 years, Globe Midwest Adjusters International has been guiding clients through the unpredictable territory of preparing and settling insurance claims. In 1985 we, along with a group of leading public adjusting firms in the United States, Canada and the United Kingdom, foresaw the need for an international network of highly skilled public adjusters who could bring specific expertise to servicing any type of loss, anywhere, at any time. Adjusters International was the result.
The Team Concept
The most effective way to handle a catastrophic claim is to have two processes going on simultaneously:
- The client, with our assistance if desired, should obtain anticipated costs for the actual work desired to be performed.
- If you choose to make repairs "in-house," we will assist you in understanding the limitations of the insurance policy to assure your complete recovery, otherwise you may not receive payment for your full Replacement Cost Loss.
- Should you elect to utilize an independent contractor, we can assist in assuring that you, and not the contractor, derive the optimum benefit from your claim.
At the same time;
- GMAI will prepare a Scope of Damage and Cost of Repair in accordance with the terms and conditions of the insurance policy that would include:
- Coordination and continued negotiations with the insurance company's adjuster and their hired experts on issues such as: Building, Business Interruption, Ordinance or Law Coverage, Landscaping, Debris Removal, Architectural, Engineering, etc.
- Coordinate and control the insurance company's construction consultants to assure a proper scope of damage is assessed and agreeing on specific "unit" costs, subcontractors and a total claim valuation.
This will assure a timely and satisfactory settlement. Furthermore, it allows our clients, the insured, to know what a good settlement amount is and be prepared to select the appropriate recovery option prior to the settlement of the claim.
Meet the Globe Midwest Adjusters International Team
Adjusting Today Approved for a Second Continuing Education Course!
Globe Midwest Adjusters International is pleased to announce a second continuing education course has been developed based on Adjusting Today material! To accomplish this, we have again partnered ...
Globe Midwest Adjusters International is pleased to announce a second continuing education course has been developed based on Adjusting Today material! To accomplish this, we have again partnered with The Institutes. Entitled “Natural Disasters: Coverage Issues,” the course is based on the following four editions of Adjusting Today:
- “Contingent Business Interruption Issues Following Disasters in Japan,” by Tony D’Amico and Harvey Goodman;
- “Japan Earthquake a Wake-Up Call for Contingent Business Interruption Coverage,” by Don Malecki;
- “Earthquake Insurance: What’s Your Exposure,” by Bob Prahl; and
- “Hurricanes and Windstorm Coverage,” by Keith Hayman
A seven-module course, it is offered to property insurance producers, adjusters or both, depending on the state. The course has already been approved in 44 states and provides attendees with up to three continuing education credits. It is offered at www.CEU.com.
About The Institutes
The Institutes, located in Malvern, PA, develops curriculum; writes, edits and publishes textbooks and other study materials; and develops, administers and grades examinations for people in the property and casualty insurance and financial services business. They certify their level of knowledge of specific areas of insurance such as underwriting, claims adjusting, risk management, reinsurance, and premium auditing through setting examination standards in those fields. The Institutes is the leader in delivering proven knowledge solutions that drive powerful business results for the risk management and property-casualty insurance industry. Their knowledge solutions include the CPCU designation program; associate designation programs in areas such as claims, risk management, underwriting, and reinsurance; introductory and foundation programs; online courses; research; custom solutions; assessment tools; and continuing education (CE) courses for licensed insurance professionals and adjusters through their CEU.com compliance unit. The Institutes are affiliated with the CPCU Society, a community of credentialed insurance professionals who promote excellence through their technical expertise and ethical behavior and The Griffith Insurance Education Foundation, a non-profit educational organization that promotes the study and teaching of risk management and insurance. www.TheInstitutes.org.
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Soft Cost (Delay in Start-Up) Insurance Coverage: An Introduction
Builder’s risk insurance provides valuable protection, but it is a specialized coverage that can be unfamiliar to even experienced insurance professionals. In addition to the obvious direct property ...
Builder’s risk insurance provides valuable protection, but it is a specialized coverage that can be unfamiliar to even experienced insurance professionals. In addition to the obvious direct property losses that a builder, owner, or developer can experience during construction, soft costs losses can provide additional substantial financial exposures. Basic builders risk coverage does not cover the delay in completion and resulting loss of business income, loss of rents, interest on loans, and other consequential losses that may have been incurred following an insured property loss. This gap in coverage can be closed with the addition of “soft costs coverage” to a builder’s risk insurance policy.
Soft costs (in the context of a builder’s risk insurance) are costs arising from a delay in project completion. Developer’s and contractor’s costs are incurred directly for restoration, and as such these costs are covered under the property damage policy. However, in the event of a loss, the project becomes delayed, making soft cost coverage crucial to the financial implications of the project. Examples of soft costs that could be incurred include: interest, real estate taxes, accounting and legal fees, developer’s fees, contractor’s general conditions, inspections fees, and consulting and marketing fees.
For more information on soft costs, download the “Soft Cost or Delay in Opening: Insure for the Potential Exposure” edition of Adjusting Today. This in-depth article stresses the importance of accounting for soft cost or delay in start-up coverage. Author Tony D’Amico, with his 30+ years of experience as a Senior Professional Public Adjuster, gives an expert’s take on this essential—yet often overlooked—aspect of coverage.
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