Do You Have to Pay if a Public Adjuster Doesn’t Collect Money?
Public adjusters are paid a percentage of any additional reimbursement they collect from a client’s insurance company. They don’t get paid unless they’re successful in recovering additional money for the home or business owner. The professionals are motivated to take cases in which there’s a high chance of success and typically don’t accept those in […]
What is the Difference Between a Public Adjuster and an Insurance Adjuster?
There’s a major misconception among holders of a homeowner’s insurance policy. They believe their insurer is working for them. The fact is that the insurance company is working for itself to minimize reimbursements to clients, thereby maximizing its profits. The difference between a public adjuster and an insurance adjuster is for whom they work. Insurance […]
Does Homeowner’s Insurance Cover Sinkholes?
In Florida, insurance companies are required by law to offer sinkhole coverage known as “catastrophic ground cover collapse.” The endorsements can be quite expensive and have high deductibles. Insurers can decline to provide the coverage if geological testing detects sinkhole activity on the property or within a certain distance of the home. Individuals will have […]
Best Questions to Ask a Public Adjuster
Anyone disputing an underpaid or denied claim connected to their homeowner’s insurance are already stressed and frustrated. Hiring a public adjuster is an effective way of fighting those decisions. There are some basic questions that everyone should ask before hiring a public adjuster to help ensure they receive the best outcome. No one should be […]
Claim Denied? Hire a Public Adjuster
Homeowners pay their monthly premiums for their homeowner’s insurance to protect their home and property, hoping they’ll never need to file a claim. It’s normal to feel a variety of emotions after experiencing a fire, burst pipe or weather-related damage. Unfortunately, many homeowners are further traumatized when their insurance claim for the damage is denied. […]
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 […]
Tips for Flood Victims
Hurricanes bring flooding, despair and untold anguish as people try to rebuild and face the many challenges in the wake of the storm. Only 18 percent of residents have flood insurance. The coverage is extremely expensive and many private insurers no longer offer it. Whether individuals are trying to perform cleanup tasks on their own […]
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 […]
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 […]