How “Detrimental Reliance” Sabotages Insurance Claims
INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.
Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Scott Friedson.
The Scott Friedson Commentaries
Price and Friedson explore the issues surrounding “Detrimental Reliance.” Detrimental reliance is when a person depends on the actions or promises of another person and takes action based on that trust, which ultimately harms the first person’s position. This can be used as a substitute for consideration and make a promise enforceable as a contract. It is why individuals should document everything when it comes to insurance claims and why they need professionals in their corner.
Insurance Claim Recovery Support (ICRS), public insurance adjusters are licensed in many states and exclusively represent Commercial, Multifamily and Property Management policyholders. Led by Scott Friedson, he has settled over $100 Million in property damage insurance claims ….No Recovery, No Fee. www.insuranceclaimrecoverysupport.com
Insurance Claim Recovery Support LLC (ICRS) is led by Scott Friedson, Public Adjuster & CEO with over 20 years of experience in commercial real estate. Licensed in multiple states, the firm of Public Insurance Adjusters is dedicated to exclusively representing the interests of Commercial and Multifamily policyholders as well as management companies whose real estate assets have suffered fire, hail, wind, water, vandalism, business interruption or other storm damages. Scott retired as CEO of National Income Property LLC, a Texas based commercial real estate brokerage firm specializing in apartment complex acquisitions and dispositions after Mr. Friedson and partners sold their multifamily holdings in Houston, TX and won the Paragon Award from the National Apartment Association for Real Estate Investors of the Year 2007. Today, Scott is still an avid passive real estate investor.
Scott’s reputation as a diligent & ethical commercial real estate professional has earned the trust of some of the largest commercial property owners and management companies in the U.S. to settle complex insurance claims. He routinely manages risk and liabilities associated with property damage insurance claims and has settled over $100 Million in commercial property damage insurance claims solely on the behalf of insured policyholders. ICRS’ track record for settling claims and avoiding unnecessary litigation or appraisal is impeccable. The firm offers comprehensive property claim adjusting, estimating, forensics engineers, building consultants, damage appraisers, weather data, policy interpretation building code/ upgrade analysis, & business interruption claim documentation to support the maximum benefit in the shortest amount of time possible.
Learn more at https://www.insuranceclaimrecoverysupport.com/.
Twitter/X: @scottfriedson
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LISTEN TO THE INTERVIEW IN ITS ENTIRETY HERE: