For most people, the only time they will ever deal with a public insurance adjuster is following a disastrous loss.
The insurance claim process can be very complicated, involving lots of paperwork, legwork, regulations, adjustments, and negotiations. It takes time and attention to detail to list, describe, and valuate anything destroyed or damaged. You will also have to meet with inspectors, contractors, and adjusters and review independent reports and estimates.
In a perfect world, claim settlements would be quick, efficient, and fair. However, many individuals discover how challenging this process usually is. While each step is necessary, it can be very time-consuming, especially after a traumatic event.
It’s important to remember that insurance is a business, and most prominent companies have far more resources than the average person. You are automatically at a disadvantage the second you set foot in the insurance arena. Technical terms, terminology, regulations, and more can be difficult to understand immediately. Doing the math yourself and ensuring that your claim is being properly handled and investigated is itself a full-time job.
Public adjusters can help you take on an insurance company and remove a lot of hassle from your plate.
How Much Do Public Insurance Adjusters Cost?
Public insurance adjusters work on behalf of you, the policyholder. They are property loss professionals that can help you file a claim or determine if a settlement offered by an insurance company is too low.
Insurance claims include fire, flood, wind, smoke, and other natural disasters and can be filed and negotiated by public insurance adjusters.
Most public insurance adjusters work on a contingency basis, which means their rate is a percentage of your settlement. This percentage can be anything from 10 to 30 percent. Paying a little extra for a public insurance adjuster is worth it, as they will fight hard to get you the maximum financial compensation for your claim.
When to Hire a Public Insurance Adjuster
If you find that you have paid your insurance company for your homeowner’s policy on time for years but are having difficulty getting a reasonable payout for a filed claim, then you should fight for the compensation that you are owed. In many cases, the claim is outright denied, and the assistance and security you diligently invested in for years are suddenly rendered useless.
If this happens, don’t get frustrated. Instead, consult with a public insurance adjuster to fight on your behalf to get the settlement you deserve. Without public adjusters, many people could be cheated by their insurance companies without understanding how to fight back.
Public Insurance Adjusters Are on Your Side
You may be surprised to learn that many public insurance adjusters worked for an insurance company at some point in their past. For many, watching their insurance company short-change policyholders became increasingly difficult.
At some point, they intentionally made the transition from private insurance adjusters to a position that helped individuals who have suffered enough already. The benefit to you is that they already know the ins and outs of insurance procedures and can help you get the protection you signed up for.
According to Hope Public Adjusters, your public adjuster should advocate for you so that you get a just settlement. If you have an insurance claim that is undervalued or denied, contact a professional right away.