Hiring a public adjuster may lead to a higher settlement as they have specialized knowledge in policy interpretation and claims negotiation. A public adjuster works on behalf of the policyholder to ensure that the claim is accurately assessed.
A public adjuster is a licensed professional who assists policyholders in filing and negotiating insurance claims. They work for the insured, not the insurance company, and aim to get the maximum settlement possible under the insurance policy.
No, hiring a public adjuster should not lead to cancellation of your insurance contract. Public adjusters are recognized professionals who help policyholders navigate the complex claims process.
It may still be possible to hire a public adjuster even if your claim has been closed, depending on state regulations and the specific circumstances of your case. Consult with a public adjuster to determine the best course of action.
A public adjuster represents the policyholder’s interests, while an insurance company adjuster works for the insurer. The public adjuster seeks the highest possible settlement for the policyholder, whereas the insurance company adjuster may aim to minimize the settlement amount.
Public adjusters are regulated by state insurance departments. In South Florida, the Florida Department of Financial Services oversees licensing, conduct, and compliance of public adjusters.
Property owners, businesses, and individuals who have suffered a loss and need assistance with their insurance claim may benefit from the services of a public adjuster.
Public adjusters prepare a claim by thoroughly assessing the damage, interpreting the insurance policy, compiling necessary documentation, and negotiating with the insurance company to reach a fair settlement.
Some public adjusters may have a minimum value requirement for taking on a claim. It’s advisable to consult with individual adjusters to understand their specific policies and requirements.
The cost for hiring a public adjuster can vary and is often based on a percentage of the claim settlement. Discuss fees upfront with the public adjuster to understand the terms of the agreement.
Yes, if your claim was denied, you are entitled to seek a second opinion, and hiring a public adjuster may help you understand your rights and options.