Do Public Adjusters Use Their Own Contractors
A public adjuster is hired by a homeowner, not the insurance company, and they work entirely for the homeowner. Their mission is to obtain additional funds from the client’s homeowner’s insurance when the repair costs exceed the amount paid by the insurer. A public adjuster may hold a contractor’s license, but they do not perform […]
When do You Have to Pay the Public Adjuster’s Fee?
There are a variety of ways that public adjusters structure their fees. Before hiring a public adjuster, it’s important for individuals to fully understand when the professional expects to be paid. Depending on the adjuster, that can include: When a public adjuster negotiated deal is accepted by the client Contingency fee – no payment received […]
Top Tips for Making the Claims Process Easier
No one wants to make an insurance claim, but when disaster strikes it’s a necessity. It’s important for homeowners to know that there are things they can do to facilitate the claims process and get reimbursed quicker. Understand the Policy Insurance policies aren’t as straightforward as people may think. There are covered risks and a […]
Can You Get a Larger Settlement if You Hire a Public Adjuster?
The simple answer is yes, but much will depend on the terms of your policy and any exclusions. However, the insurance industry does track data about public adjusters and their role in settlements. Statistics show that settlements can be as much as 3 to 5 times larger when you hire a public adjuster. Individuals that […]
Steps to Get a Claim Processed Quickly
Information fuels insurance companies and facilitates a quick resolution. Individuals want their home disaster resolved quickly so they can get back to their normal lives. A home disaster is traumatic enough without the added stress of a protracted insurance claim. In today’s world, it’s important for individuals to collect as much information as possible on […]
Who Does a Public Adjuster Represent?
After dealing with an insurance adjuster and having their claim denied or underpaid, many individuals are reluctant to deal with another adjuster. It’s essential that individuals understand that a public adjuster works for them and represents their interests – not the insurance company. Insurance companies have legions of adjusters. One will be dispatched when a […]
Public Adjuster Hiring Pros and Cons
When individuals experience damage to their home or business, their insurance company is responsible for providing funds sufficient for repairs or replacement. The insurer will send one of their own adjusters to assess the site and attach a monetary amount to the damage. However, the funds may not be sufficient and a public adjuster can […]
Signs You Hired a Good Public Adjuster
Before you hire a public adjuster, it’s important that you perform due diligence. Just as with all professions, some individuals are better at their job than others. After all, you’re relying on the expert to obtain a bigger financial reimbursement for damage or loss of your home or business property. Reviews It’s an easy matter […]
Surety Bond Requirement for Public Adjusters
A surety bond for public adjusters is designed to guarantee the ability, honesty, integrity and performance of the professional. In Florida, the Department of Financial Services requires public adjusters to purchase a surety bond of $50,000 as part of the licensing process. Surety bonds can be purchased for terms of 1 to 3 three years. […]
Can My Insurance Company Cancel my Policy if I Hire a Public Adjuster?
Insurance companies can, and do, drop customers for any number of reasons, but not for hiring a public adjuster. The State of Florida gives you the right to hire a public adjuster to obtain relief from insurance claims that have been denied or underestimated. To cancel an insurance policy would be a serious violation of […]