Understanding Public Insurance Adjusters: What They Do and How They Can Help You

When you experience damage to your property, such as a fire, flood, or hurricane, filing an insurance claim can be a daunting task. The insurance company will send its own adjuster to assess the damage and determine how much your claim is worth. However, this adjuster works for the insurance company, not for you. That’s where a public insurance adjuster comes in. In this article, we’ll explain what public insurance adjusters do, how they can help you, and when you might need one.

What Is a Public Insurance Adjuster?

A public insurance adjuster is an independent professional who works on behalf of policyholders (you) to help you file and negotiate an insurance claim. They are licensed by the state and have the knowledge and expertise to review your insurance policy, assess the damage to your property, and help you get the maximum amount of compensation you are entitled to. Public insurance adjusters work exclusively for the policyholder and do not receive any compensation from the insurance company.

What Does a Public Insurance Adjuster Do?

When you hire a public insurance adjuster, they will take over the process of filing and negotiating your insurance claim. Here are the steps they will typically take:

Throughout this process, public insurance adjusters work to protect your interests and ensure that you receive fair compensation for your losses. They have a deep understanding of insurance policies and the claims process, and can help you navigate complex legal and financial issues.

When Should You Hire a Public Insurance Adjuster?

You may want to consider hiring a public insurance adjuster if:

• Your insurance claim is complex or involves significant damage to your property.
• You feel that the insurance company’s adjuster is not accurately assessing the damage or is undervaluing your claim.
• You are unsure about the terms and conditions of your insurance policy.
• You do not have the time or expertise to navigate the insurance claims process on your own.

Hiring a public insurance adjuster can be especially beneficial if you are dealing with a large loss or have experienced a catastrophic event, such as a natural disaster. In these cases, the stakes are high and it is important to have an expert on your side who can help you navigate the complex claims process and ensure that you receive fair compensation.

How Much Does a Public Insurance Adjuster Cost?

Public insurance adjusters typically work on a contingency fee basis, which means that they receive a percentage of the settlement amount. This percentage can vary depending on the state and the complexity of the claim, but is typically between 5% and 20% of the total settlement amount. For example, if your claim is worth $100,000 and your public insurance adjuster charges a 10% contingency fee, they would receive $10,000.

While this may seem like a significant amount of money, it is important to remember that public insurance adjusters have the knowledge and expertise to help you get the maximum amount of compensation you are entitled to. In many cases, they can help you get a larger settlement than you would be able to negotiate on your own, which can more than justify their fee.

Frequently Asked Questions About Public Insurance Adjusters

What’s the difference between a public insurance adjuster and an insurance company adjuster?

Insurance company adjusters work for the insurance company and are responsible for assessing the damage to your property and determining how much your claim is worth. Public insurance adjusters work for you, the policyholder, and are responsible for ensuring that you get the maximum amount of compensation you are entitled to. They have a deep understanding of insurance policies and the claims process, and can help you navigate complex legal and financial issues.

Can’t I just negotiate with the insurance company myself?

You can, but it can be a difficult and time-consuming process. Insurance companies have teams of adjusters, lawyers, and other professionals whose job it is to minimize payouts on claims. Without an expert on your side, you may not be able to negotiate a fair settlement or get the maximum amount of compensation you are entitled to.

How long does it take to settle an insurance claim with a public insurance adjuster?

The length of time it takes to settle an insurance claim can vary depending on the complexity of the claim and the willingness of the insurance company to negotiate a fair settlement. However, working with a public insurance adjuster can often help expedite the process and ensure that you receive fair compensation as quickly as possible.

Do I need to hire a public insurance adjuster right away?

No, you do not need to hire a public insurance adjuster right away. However, the sooner you hire an adjuster, the sooner they can begin working on your claim and the better chance you have of getting a fair settlement. If you are unsure whether or not to hire a public insurance adjuster, you can consult with one for free to get a better understanding of your options.

What should I look for in a public insurance adjuster?

When choosing a public insurance adjuster, it is important to look for someone who is licensed and experienced, and who has a proven track record of success. You should also look for someone who is responsive, communicative, and who you feel comfortable working with.

Conclusion

Dealing with property damage and insurance claims can be a stressful and overwhelming experience. However, hiring a public insurance adjuster can help ease the burden and ensure that you receive fair compensation for your losses. Public insurance adjusters have the knowledge and expertise to navigate complex legal and financial issues, and can help you negotiate with the insurance company to get the maximum amount of compensation you are entitled to. If you are dealing with a complex insurance claim or are unsure about the claims process, consider hiring a public insurance adjuster to help you get the settlement you deserve.