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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The Importance of the Extended Period of Indemnity Endorsement
Businesses that suffer damage due to a disaster can take an enormous hit to their customer clientele and their bottom line. Without the proper insurance coverage in place, ...
Businesses that suffer damage due to a disaster can take an enormous hit to their customer clientele and their bottom line. Without the proper insurance coverage in place, the disaster could potentially lead to the closing of the business altogether. Although insurance policies are designed to help a business get back on its feet, there are several hidden costs resulting from the event damage that are not covered unless the business has the Extended Period of Indemnity Endorsement in their insurance plan.
The Extended Period of Indemnity Endorsement extends ‘the covered loss period beyond the time required to restore the property.’ Restoring the physical property takes a certain amount of time, but recovering the business lost during the rebuilding process and in the months thereafter, takes resources. In many cases, additional time beyond what the typical business insurance coverage provides is needed to restore revenues to pre-loss levels.
Making matters worse — after a disaster hits and but before the property is restored and the business re-opens ‘the full costs of operation are being absorbed without corresponding income’ effecting the bottom line detrimentally. Although it seems as if the business has suffered enough, additional expenses are there to ‘kick them while their down,’ so to speak.
With the purchase of the Extended Period of Indemnity Endorsement, these additional expenses are covered — whether it is for publicizing the reopening of the business or related to locating and hiring new personnel. When you obtain this coverage, you must choose the period of time that you believe it would take your business to become 100% functional and back to pre-loss revenue. This endorsement provides peace of mind in an otherwise unexpected stressful event. ‘The Extended Period of Indemnification Endorsement provides an insured with an otherwise uncollectible reimbursement; that cannot only help a business return to prosperity, but could be decisive to the company’s very survival.’
For more about this topic, read our Adjusting Today issue “The Extended Period of Indemnity Endorsement.”
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