Analysis of over 10,000 Property Managers Finds Frequent Challenges during Property Insurance Claims

Woodlyn Schwartz Study finds frequent challenges during property insurance claims in the Multifamily Industry
By: Woodlyn Schwartz
 
PHILADELPHIA - June 18, 2014 - PRLog -- Woodlyn Schwartz a fast-growing leader in claims management and insurance claims advisory services, today announces results from a six month constructed survey analyzing the feedback from numerous property management companies in the multifamily industry.

The company’s evaluation of a sample of 10,000 participants across a wide array of property settings found that property managers spend an average 26 hours per week handling insurance requirements, roughly ten times as frequently as average engagement observed during traditional insurance claims. Participant’s feedback has demonstrated the lengthy process of insurance claims can sometimes cut into the property managers day-to-day activities. Many property managers are seeking better options, through specific insurance techniques or negotiating with numerous vendors to handle repairs, restoration, and insurance recovery efforts.

“We all know that it’s about saving time, money and increasing productivity, and many property managers are open to change due to past experiences, efforts, and the challenging nature of insurance,” observed Artie Woodlyn III, chief executive officer of Woodlyn Schwartz, who oversees the Woodlyn Schwartz multifamily insurance advisory division. “Many complexities of managing a claim with multiple systems, numerous vendors, and manual hand-offs can create errors and claim delays that can cause harm to a company’s reputation. Rather than taking up the property manager’s time or relying on the insurance company’s information alone, Woodlyn Schwartz breaks things down into a familiar format and use tailored solutions – to make it simple, convenient, and almost foolproof. As property managers and their organization succeed, confidence builds, and success breeds more success.”

A social layer within Woodlyn Schwartz enables property managers to engage insurance experts via their preferred networking platform – whether that’s social media, sms, or simply email – to create greater accountability, an essential ingredient to added value.” A positive reinforcement from a business partner is often more powerful than a message from you insurer or the mass media, added Woodlyn.

About Woodlyn Schwartz
Woodlyn Schwartz helps organizations with complex insurance issues, while creating the value they’re looking for. We’re a network of insurance professionals in 50 states who are committed to delivering quality in insurance, claims, and advisory services. Tell us what mattes to you and find out more by visiting us at www.woodlynschwartz.com.

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* Woodlyn Schwartz is not responsible for the content in this press release.
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Source:Woodlyn Schwartz
Email:***@woodlynschwartz.com Email Verified
Tags:Real Estate, Insurance, Woodlyn Schwartz, Multifamily, Property Management
Industry:Property, Real Estate
Location:Philadelphia - Pennsylvania - United States
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