Property Insurance - Public Adjuster Basics 101

What is a Public Insurance Adjuster? How do youamount of loss, complete with policy language, this
find a public adjuster? There are three types ofdoesn’t make it so. Insurance companies use
insurance adjusters, Staff, Independent and Public.two main strategies to keep payments low, Denials
Staff Adjusters are employed directly by insuranceand Delays, think of yourself as a legal adversary not
companies, Independent Adjusters works for aa client. Adjusters are paid by the Insurance
company outsourced by the insurance companyCompany, the insurance company pays their fee,
(independent with respect to which insurancewhich is a percentage of the claim amount. It is
company they work for, but they do not work foragainst the law for a policy older to profit from an
the policyholder). Lastly Public Adjusters are hired byinsurance claim.
the policyholder (you), and exclusively represents onlyThere are several things to know when working with
the policyholder and not the insurance company. Ainsurance claims, Make sure you know and
public adjuster legally represents the policyholder, andunderstand the policy detail, deductible,
prepares, submits, and negotiates the claim directlycoverage’s etc. Take photographs or video of
with the insurance company on behalf of thepossessions and store them in a secure place.
policyholder in order to get the maximum settlementConduct a public adjuster search immediately after
A successful Public Adjuster educates the insurancecalling and filing a claim with your insurance company.
consumer, uses his or her insurance expertise to helpBe honest with your insurance company, insurance
the insured in maximizing their settlement andfraud is a felony. Keep notes on everything that has
reducing their frustration and burden. Typical clientsreceived damage. Keep notes and call logs of all
are paid $20,000 to 200,000 more after hiring a Publiccommunications with the insurance company. Show
Adjuster. Client Examples - Before $24,000 afterthe adjuster all of the damage and be as thorough as
$49,400, paid $25,400 more - Before $48,443, Afterpossible. Be persistent and don’t give up If
$158,332, paid $109,889 more.the insurance company refuses to pay, demand they
In Florida, you can re-negotiate a claim after is hasexplain why in writing, and always contact
been closed or denied up to 5 years later. Each stateprofessional assistance when needed Public Adjusters
states may differ. Because your insurance companyshould be licensed and bonded with each state they
sends an official letter denying the loss, or stating thework in. Begin your public adjuster search today.