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Restoration companies often encounter delays during claim settlement with home insurance providers. A claim may take months to pay out without a skillful approach to invoicing, making claims presentations and completing the settlement process. A company that specializes in restoring water damage or provides more comprehensive mitigation and cleanup services in one of the U.S. cities we services such as Plano, TX, can get paid faster by relying on a service for invoicing and negotiations.
An important part of the invoicing process involves presenting calculations and documents to the insurer of a property. A claim presentation and negotiation may involve all of the following forms of documentation and cost estimates:
-Evidence of damage
-Estimate of cleanup costs
-Estimate of rebuilding expenses
A service that has extensive experience making claims presentations may be able to speed up the claim settlement process. The work of crafting presentations and negotiations should not distract small business owners and operators from doing the next job.
Invoicing services also build relationships with home insurance providers. A company that exceeds the documentation requirements set by insurers may be able to settle claims faster and for higher amounts than inexperienced service providers.
When best practices for invoicing are observed by a 3rd party billing service, payment for cleaning and rebuilding jobs may be received in less time. An external provider of invoicing and collections services can reduce the amount of time restoration providers wait to get paid from two to three months to as little as one month.