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Jun 8, 2020

Understanding Public Adjuster vs Contractor

Who is best suited to assist you with your Insurance Claim when you suffer property damage, a Professionally Licensed Public Adjuster or Contractor? Many people are unsure of who to hire to represent their interest in an insurance claim, professionally licensed Public Adjuster or Contractor. BE CAREFUL! In the aftermath of any natural disaster you are sure to have a knock at you door by a contractor that only is asking for you to assign your insurance proceeds to them and for that they will ‘Represent’ your claim to the insurance company. BE CAREFUL – This is not legal in most cases! BEWARE of Contractors Acting as Public Adjusters when you suffer a loss. Although the contractor may understand the rebuilding process they most likely do not fully understand your insurance policy and this is very dangerous for you as the property owner. There are many different ways to look at a loss and I can tell you from experience,...

How to File a Claim with a Public Adjuster

Understanding the Claims Representation Process & How it Works A loss to your commercial property or home creates an unfamiliar environment and poses excessive demands on your time. Decisions involving thousands and sometimes millions of dollars must be made and often made quickly with little margin for error. A decision must be made early on whether this process is to be undertaken by the policyholder or whether the professional expertise of a public adjuster should be brought in. Time and again it has been demonstrated that when dealing in an area that is unfamiliar, the end result can be a loss in valuable time and money. Large or small, commercial or residential, properly handling a claim involves a structured process that when followed, will ensure it is processed properly and given the best chance of being honored and paid by your insurance carrier. The main services an adjuster will perform for you include: Analyze your policy to get the maximum...

Using a Public Adjuster vs. Managing Your Own Insurance Claim

Hiring a public adjuster to handle your property damage claim makes a difficult time much less stressful and has a direct impact on how much you ultimately collect from your insurer. The claims adjusters who work for your insurer are highly-trained professionals who determine how much your covered loss is worth. Keep in mind, though, that they make their determination from the insurance company’s perspective. A public adjuster represents your interests and has one objective: to obtain the best settlement possible for you. A Better Approach If you believe you’re entitled to a higher insurance settlement, hiring a public adjuster can be a smart choice. Here are the top five reasons you should hire a public adjuster instead of managing your own insurance claim. 1. They Work Exclusively for You Public adjusters understand everything there is to know about the insurance industry and can analyze your insurance policy down to the finest details. Throughout your claim process, they uphold your...

The Pros & Cons of Hiring a Public Adjuster

Deciding how to handle your home insurance claim can be a tricky, and worse, it usually comes at a time where you don’t need more work or decisions to make. Put simply, the pros of hiring a public adjuster are: PROS: CONS: Public Adjusters will need to be paid, and usually take a percentage of your claim The longer version of the story is this: Filling out a claim can be difficult. You will need to report your property damages to your insurance carrier properly. Then you will need to meet with your insurance adjuster to go over damages that you believe were the result of the cause and justify it to your insurance adjuster. Most Likely your insurance adjuster who is experienced in his field might want to bring in an expert to examine your causation as well. Hiring a professional public adjuster from the inception of your claim will make sure that your property damage insurance claim is...

Public Adjuster vs Independent Adjuster

PUBLIC ADJUSTERS VS INDEPENDENT ADJUSTERS: WHAT’S THE DIFFERENCE? There are public adjusters and there are independent adjusters. What’s the difference between the two professionals? Is there a difference between a public adjuster and an independent adjuster? Today, we’re explaining everything you need to know about the difference between the two. INDEPENDENT ADJUSTERS WORK FOR THE INSURANCE COMPANY Many people think independent adjusters and public adjusters are two words for the same profession. That’s not true. There is absolutely a difference between public adjusters and independent adjusters – and it’s a very important difference. Both types of adjusters perform the same basic job: they adjust or manage your insurance claim to determine the claim settlement amount, if any, that applies. An independent adjuster, however, works for the insurance company. Despite the fact that they have “independent” in their name, an independent adjuster is not a free-wheeling mercenary. Instead, an independent adjuster is a contractor hired by your insurance company. Their ultimate...

How Much Will I Pay for a Public Adjuster?

If you’ve suffered any kind of damage to your home, you’re going to need to file an insurance claim. If you’re lucky, your claim will be paid without question. For smaller claims, the insurance may just decide to pay it rather than fight it. But if you’ve suffered several thousands of dollars in damage, they may deny your claim.If this happens, you need to contact a Florida public adjuster. An adjuster can come out and take a look at your home. They’ll make sure all of your losses are included in your claim. They’ll also reach out to the insurance company and try to negotiate payment of your claim. It’s in their best interest to get you as much money as possible. FLORIDA PUBLIC ADJUSTERS WORK FOR A PERCENTAGE OF YOUR CLAIM If you hire Florida public adjusters, they’re going to work hard to get your claim paid. Since your claim has already been denied, anything you get is a...

How to maximize water damage claims?

Should I Work With a Public Adjuster or an Attorney?

Before one can comprehend the various disparities between a public adjuster and a lawyer, one must understand the job functions that are performed by a public adjuster and how they help their clients in ways that an attorney may not be able to. When an individual is faced with property loss or property damage due to several reasons such as natural disasters, and even structural damage of their property, they might spend an enormous part of their time arguing with them insurance companies to be compensated for all the losses that they sustained, and that could be quite frustrating. At the end of the day, insurance companies do not want to pay them customers the maximum amount that they deserve for their losses; they try to avoid it at all cost; that is where a public adjuster steps in. Public Adjusters VS. Company Insurance Adjusters A public adjuster is an expert with insurance policies; they are professionals who do not...

What’s the Difference Between Public Adjusters and Insurance Company Adjusters

If you’re filing an insurance claim, one of the first things that you need to understand is the difference between public adjusters and insurance company adjusters. The jobs performed by adjusters for the general public and insurance company adjuster is fairly similar in that both kinds of adjusters manage insurance claims in order to come to a settlement and eventual payout. Of course, only one of them is in your corner. Public adjusters are on the side of the insured party – you and your company – the party that is making the claim after a loss and want to maximize the payout for their clients, while insurance adjusters are on the side of the insurance company and generally want to pay out the lowest sum possible. Insurance staff adjusters, insurance appraisers, or company adjusters have an obligation to do what’s best for the company. Note that at times, insurance companies hire an independent adjuster on a contractual basis for...

How to Speed Up your Claim & Get Back To Business

Once you’ve experienced a loss or property damage, there’s a limited window of time to file and negotiate an insurance claim and accept a settlement. This is yet another reason to hire a public adjuster – they can help you file a claim quickly along with helping with any necessary inspections. A public adjuster can even go back and help amend or renegotiate a claim. Public adjusters can also make sure that your claim stays at the top of the list of your insurance company’s priorities instead of ending up at the bottom of the pile. This is particularly important during a major natural disaster like a hurricane, tornado, or earthquake when the insurance companies may be overloaded and you may have had to have temporarily close your business or part of your business. Your public adjuster will be your advocate and keep negotiating a settlement with the insurance claims adjuster. What’s more, it’s likely that you are filing a...

How Do I Find a Public Adjuster That’s Right For Me

Common Sense Tips for Hiring the Best Public Adjuster for You OK, so you’ve made the decision to hire a public insurance adjuster. Most likely, if you’ve experienced major damage (like fire or smoke damage) or been caught up in extensive damage from a windstorm, then you probably are being solicited by several public adjusters. Like any business, all adjusters are not created equal. They have different experience levels, handle different types of claims and have various levels of experience with different insurance carriers. Screening for adjusters that have experience handling your type of claim and most importantly that you are comfortable turning your claim over to should not be taken lightly. Always remember that you are the client and do not be intimidated by high pressure tactics or industry lingo. If you’re uncomfortable with someone, there is probably a good reason for it. So it’s just as important to trust your intuition. Consider the following criteria when hiring...