Whenever you are going to claim insurance from your insurance company, you might feel the need for some help to achieve your claim properly. And your insurance company might want to deprive you of your claim by showing you loopholes and then you feel the dire need of outside help that can bring you out of that situation. A public adjuster is a help you need, who can help you to get your perfect insurance outcome. But it is so surprising that so few people know about the existence of public adjusters.
What is a public insurance adjuster?
A Public Adjuster is a licensed insurance professional, who will work on your behalf to handle the whole insurance claiming process from the start to finish. And will try their best to ensure you get the maximum amount of money that you’re entitled to. These public insurance adjusters are the only professionals regarding property loss that will work on behalf of a policyholder.
Businesses and individuals usually hire public insurance adjusters when they need help filing a claim or feel that a claim amount offered by the insurance company is unfair.
There’s too much at stake while you are filing a claim for insurance to not have fair representation. With a licensed Public Adjuster by your side, you’ll have an advocate working to get your claim settled fast, and getting you back to your life and business as soon as possible.
What A Public Adjuster Will Do For You
The claims you make for flood, fire, smoke, hurricane, etc damage, along with damages due to other problems, can be filed and negotiated by the public adjuster you will hire. Property losses can also result in other types of losses including your business income that public adjusters can evaluate. Your hired public adjuster will measure and document your claim to submit for consideration and payment on that claim to the insurance company.
Public insurance adjusters are experts in the language and details of different insurance policies, along with filing and adjusting policyholders’ claims. These adjusters generally have prior experience in construction or other related fields and use sophisticated software to perform an independent evaluation of their client’s loss of property. They know how to log and submit initial and supplemental claims precisely for a policyholder.
Relying on your insurance company and the adjusters they will provide you to help you to determine what they should pay you for the property damages you have faced, is almost guaranteed to result in you receiving an unfair settlement.
Why People Don’t Know Much about Public Adjusters
There are some misbeliefs among common policyholders about public adjusters. And insurance companies and people affiliated with them mostly work to spread these misbeliefs among people. However, these misbeliefs make people not trust public adjusters to settle their claims and not hiring them as a result. And the cycle of not trusting and hiring them causes a void in the number of public adjusters and the proper promotion and advertisement of them. Which makes people know a lot less about them, and the cycle keeps continuing. As a result, very few people get to know about public adjusters in general.
Common misconceptions about Public Adjusters
- Giving Up a Huge Part of Your Settlement to the Adjuster
It’s true that public adjusters make their money from your settlement, but it is limited as to how much an adjuster can take. There are actually bars on how much they can take from a settlement and these bars are legal restrictions. For example, public adjusters are allowed to take no more than 10 percent of the total claim during a state of emergency,
The bottom line is that the public adjusters will work hard to get you as much as possible as it is in their best interest to get you a better and large settlement. So as a whole, you will still get more than you could get all by yourself without an adjuster, even if you have to give a part of the compensation to the adjuster.
- Public Adjusters aren’t Trustworthy
You should know that public adjusters must undergo background checks and be fingerprinted before they can start working. They are licensed professionals and have a code of conduct. So it is easy to say that they are very trustworthy professionals, and remember that they have your best interest at heart, as it will benefit them too. And you shouldn’t worry at all to get scammed.
- Your Insurance Premiums Will Rise
It is a common misconception that insurance companies will raise your insurance premiums if you work with a public adjuster. But insurance companies are legally restricted to do so. Even if they are not happy with your decision, they don’t have a say in it.
- Losing Your Coverage
Insurance companies can’t drop your coverage at all, as they are legally restricted to do so.
- Thinking Adjusters are Not Necessary
Insurance companies and people associated with them help spread the belief that public adjusters are not necessary, many people fall prey to these words.
As a result of all the above statements, many people either don’t know about public adjusters or have huge misconceptions about them. And this is happening because of the propaganda that is spread by insurance companies. And consequently, a large number of people are not getting a fair settlement from their insurance companies and settling for a lot less than they deserve.