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Contract
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Loss
Adjustment Fees
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Vaughan
& Associates operates on a contingency fee basis for loss
adjustment. We are paid by the insured as his/her insurance
company makes claim payments based on the agreed settlement.
Vaughan & Associates does not charge any up front fees,
and there is no out of pocket expenses for the insured. A fee
percentage is agreed to prior to signing any contract. A contract
is then prepared by Vaughan & Associates and signed by both
parties. |
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Appraisal
Services Fees
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| Appraiser
and umpire services are paid on an hourly basis. If an insured
chooses a representative of Vaughan & Associates to act
as his/her appraiser,
then insured is billed on an hourly basis for this service.
If a representative of Vaughan & Associates is nominated
and accepted to be an umpire,
then the insured is responsible to pay 50% of the umpire’s
fees. The insurance company will pay the other 50%. |
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Risk
Management Consulting Fees
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| Risk
management consulting is paid on an hourly basis. Costs vary
per property and situation. |
