What is a Public Adjuster?
Public Adjusters do not work for your insurance company, they work for YOU, the insured, in assisting with the preparation, presentation, negotiation and settlement of your claim. You may not be aware of the fact that you have the right to enlist the services of a Public Adjuster when disaster strikes, for the handling of your claim. The benefits of utilizing the services of a Public Adjuster are both numerous and incalculable. A Public Adjuster is an advocate who can legally represent the rights of an insured during the insurance claims process.
There is a big difference between a Public Adjuster and an Insurance Adjuster. An Insurance Adjuster is employed by the insurance company and cannot protect both your interests and those of their employer at the same time.
A Public Adjuster will work exclusively and diligently for you in order to maximize your claim throughout the process. It is like having your own personal firm taking the burden off your shoulders so that you can focus on rebuilding, while giving you personalized service along the way. You should call a Public Adjuster immediately after a loss. Calling a Public Adjuster at the inception of the claim is most beneficial since this will set the tone for the entire process.
A Public Adjuster knows and understands all of the policyholder's terms, conditions, and rights. Even when an insurance company issues a denial, a Public Adjuster has the ability to re-open a case and obtain a favorable decision and monetary compensation on behalf of its customer. Florida law allows up to five years to file a supplemental claim from the date of the loss. If you believe that you were not paid a just settlement, allow is to carefully audit and analyze your claim. As skilled negotiators, Public Adjusters will work hand in hand with appraisers, engineers, attorneys and other experts specializing in the field of insurance in efforts to get the maximum settlement you deserve.
A Public Adjuster is paid on a contingency basis, in other words, "if you don't get paid, we do not get paid". The range of pay for a Public Adjuster is usually between 10% to 20% of the settlement to the customer, depending on the complexity of the claim.
A Public Adjusters must be licensed in the state that he or she is providing a service in. Most states also require that a Public Adjuster be bonded and are regulated by the Department of Financial Services.