You may have already heard of the role of a public insurance adjuster in property damage claims, but what is their role and how does he help you? Public insurance adjusters are a valuable resource for homeowners who are faced with property damage claims. While an insurance adjuster is on the insurance company’s side, a public adjuster is on the customer’s side. They can help you evaluate the extent of your losses and determine how much you can claim.
While many consumers handle their own property damage claims, others find it easier to hire a professional to take care of the insurance claim for them. A public insurance adjuster works exclusively for you, which gives them the unique ability to get the best settlement possible. These professionals use sophisticated software and other tools to determine your property’s losses, log initial and supplemental claims, and negotiate with contractors on your behalf. Their expertise and experience will ensure you get the most from your insurance claim.
A public adjuster has extensive training in property damage claims and is dedicated to helping homeowners and business owners understand their insurance policies. They also help policyholders document their losses and organize the claims process. According to the nonprofit organization United Policyholders, a public adjuster will help policyholders obtain a higher settlement than they would get on their own. Moreover, a public adjuster will help policyholders understand their obligations and rights and will not be paid until their insurance policy is settled.
A public adjuster is an independent insurance professional who will help you maximize your insurance settlement. Public adjusters are paid by policyholders and their clients as a percentage of the final settlement amount. Moreover, they can find coverage that the policyholder may not be aware of. Insurance policies protect personal property, businesses, and economic assets. They describe the types of losses covered by the insurance policies. The public adjuster’s role in property damage claims can make a difference in the amount you receive from your insurance policy.
Public adjusters charge a fee from the insurance company when they are successful in obtaining a settlement for their clients. This fee varies depending on the adjuster, but it is usually set by law. For example, in Florida, fees cannot exceed 20% of the claim limit. This is only applicable if there is an official state of emergency. Therefore, if you file a claim worth $100,000 with a fee of 10%, you will pay a public adjuster fee of $10k.
A public adjuster advocates for you, the policyholder, during the claims process. These professionals are licensed insurance professionals and are trained and dedicated to the policyholder. They can be an invaluable resource to keep track of paperwork and deadlines so that you do not miss a deadline. They are also more thorough in evaluating damage. The public adjuster is your advocate when it comes to property damage claims. You don’t need an attorney to hire a public adjuster, but they will certainly be your best ally in the case.
