What Does a Public Adjuster Do? A public adjuster is a licensed professional who works for the policyholder – not the insurance company. Public adjusters negotiate with the insurance company on behalf of the policyholder. They work through every aspect of the claim from beginning to end, allowing policyholders to focus on more important things while a skilled professional negotiates with the insurer. Read more about what public adjusters do.
What Situations Warrant Hiring A Public Insurance Adjuster?
Typically, you would hire a public adjuster after a significant property damage claim. Some people hire a public adjuster immediately after a disaster. The public adjuster will analyze the claim, read through your insurance contract, and negotiate with your insurance company to ensure everything is covered under the terms of your policy.
In other situations, customers only hire a public adjuster after the insurance company denies a claim or offers a low settlement. If you feel like an insurance company is treating you unfairly, then it may be in your best interests to hire a public adjuster.
Fees Involved For Help From Public Insurance Adjusters
One of the great things about hiring a public adjuster is that they most often get paid on a contingency basis. What public adjusters charge, how they are able to charge and how much they can charge is controlled by state laws and regulations in most states. Most public adjusters do not charge upfront fees or ongoing hourly rates. Instead, they charge a prearranged percentage of your final insurance settlement. When a public adjuster agrees to get involved they are usually able to obtain much higher insurance payouts to cover damages and losses. You can get awarded a higher settlement in exchange for a fixed fee of 5% to 10%. Find out further information about what it costs to hire a public adjuster for assistance with an insurance claim.
Ultimately a public adjuster can be a great resource for handling an insurance claim and recovering after a loss. Every claim situation is unique and has it’s own set of circumstances. The final decision is up to the policyholder of the insurance claim. For more information about public adjusters, handling insurance claims, and how to get guidance for specific situations:
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