Insurance companies provide coverage for damage to homes and businesses when a disaster occurs. However, the bottom line is that insurance companies are in the business of making money. What policyholders need to understand is that any claim they make can be underpaid or denied for any number of reasons. That’s when the advantages of hiring a public adjuster become apparent.
- They work for you, not the insurance company
- Potential for a larger settlement
- No upfront [ayment
- Quicker claim resolution
- Negotiating expertise
- Less stress
- Time savings
- Cheaper than an attorney
When a claim is made, the insurance company will dispatch one of its adjusters to assess the damage. That adjuster works strictly for the insurer and the best interests of the company – not the policy holder. In contrast, a public adjuster works entirely for the policy holder.
There’s no upfront payment required when hiring a public adjuster. By law, the professionals are only allowed to collect up to 20 percent of any additional reimbursement made by the insurance company. Some homeowners and public adjusters may negotiate a flat fee payment. There’s no guarantee, but the potential for a larger reimbursement from the insurance company is significant.
Public adjusters are empowered to negotiate on behalf of the policy holder. They’re familiar with insurance industry, terms and tactics, enabling them to obtain a quicker resolution to any disputes. It’s even possible for a public adjuster to wrap up a claim in 30 to 90 days.
Individuals have the option of hiring a public adjuster or a lawyer to fight an underpayment of denial. A public adjuster is far less expensive than an attorney. An added consideration is that an increasing number of lawyers expect clients to perform part of the legwork for which they’re being paid.
Dealing with an insurance company can be very complicated during a claim, requiring a substantial amount of time and effort. It’s also stressful. A public adjuster takes care of all the details surrounding the claim. There’s no stressful, frustrating and time-consuming communications with the insurance company, freeing policy holders to rebuild their home and life.