What is a Public Adjuster?
Before we can explain why hiring a public insurance adjuster is beneficial to you the homeowner, it might be helpful to start at square one and define a public adjuster. A Public Adjuster is a licensed insurance professional who adjusters the loss of your property and is hire by you, the homeowner. Just like your insurance company has an insurance adjuster, you as a homeowner can have your own insurance adjuster that works for you!
Why Hire a Public Insurance Adjuster?
There main reason to hire an insurance adjuster is to maximize your insurance claim. Remember, your insurance company is looking to save money in every way that it can. In fact, the insurance adjuster’s job including paycheck, raises and the possibility of promotion are contingent upon saving the insurance company money. A public adjuster will work diligently to prepare and present your claim to the insurance company and is not harnessed by any of those restraints because they work for YOU.
Additionally, many insurance companies hire independent insurance adjusters. Basically the they subcontract the work to a independent insurance adjuster firm (by the way it is a different licensing than a Public adjuster). Many of these adjusters have too many claims to manage, and as a result thoroughness is neglected. A Public Adjuster will make sure they cover everything they are responsible to cover.
Lastly, most homeowners are not familiar with their insurance policy or insurance laws because you have many other things that take up your time. A Public Adjuster daily examines policy and insurance claims and insurance law – that’s what they do for a living! By hiring a public adjuster, you will feel more confident that your rights are being protected by a professional who is working for you.
What is the fee for a public adjuster?
The fee charged by a public adjuster is a percentage of the settlement. The fee is on a contingency basis. If you do not receive settlement from your insurance company, the public adjuster does not collect a fee. Their service fee is due in full upon receipt of payment from the insurance company
