Lowballing is a negotiating tactic used by some insurance claims adjusters by which the adjuster knowingly offers far less than the merits of the claim warrants. Lowballing is effective. It forces many insured home owners to accept settlements that may be lower than their claims deserve.
The insurance claims adjuster’s purpose is to perform the insurance company’s promises under the insurance policy. He has an ethical obligation to pay covered claims. Lowballing is unethical and wrong. An insurance adjuster who engages in lowballing is ultimately refusing to settle covered claims.
Many insured home owners are unaware that they have the option to re-open closed claims which they feel were underpaid or wrongfully denied. Public adjusters can be helpful toward that end. Consult with a public adjuster when you feel that your claim was underpaid or wrongfully denied.
In Missouri, I provide free consultations to insured home owners who feel that they may be entitled to more than what they were paid for their claim. Call me at 314-803-2167.