After you file a claim, you might not feel satisfied with the result. A public adjuster can help you negotiate a better settlement.
If you’ve filed an insurance claim and your insurance provider has denied it or made an unsatisfactory settlement offer, you have options. Public insurance adjusters are available to help you through the difficult claim process and fight on your behalf for a better claim. This article will discuss:
First, let’s cover the different types of adjusters you may encounter during the claims process.
When you file a home insurance claim, your insurer can send their own claims adjuster to assess the damage. Your insurance company will then use their adjuster’s findings to decide if they will approve your claim and for how much. These adjusters are employed by the insurance company.
An independent adjuster is hired on a contract basis to handle claims for home insurance companies. These adjusters are usually freelancers.
Public adjusters are similar to independent adjusters, but they're hired by the policyholders instead of the insurance company. Public adjusters are available to help you though all parts of disputing a claim when you aren’t happy with your home insurer’s settlement offer.
A public claims adjuster works on your behalf to get a better settlement when you file an insurance claim. A public adjuster is an independent contractor that works for you. They can advocate on your behalf for a better settlement and act as an advisor for you.
A good public insurance adjuster will look for ways to get you the best settlement possible. Here’s how they do that:
You should only call a public adjuster if you’re positive your claim wasn’t handled fairly. If your home insurer offers a subpar settlement offer or lowballs the estimate, that’s the time to call a public adjuster. If you hire a public adjuster without good cause to dispute your claim, you may lose more money.
Before you hire one, most adjusters will give a free assessment. If they think you have a viable case, they will make themselves available. However, it’s important that you choose from a pool of licensed, reputable adjusters to use. You don’t want to give your money to someone pulling a scam.
If the disputed amount is small, you probably don’t need to call an adjuster at all. It has been suggested by experts that you don’t need to bring an adjuster in unless your claim is over $10,000.
Having your insurance claim dispute done right means finding the best public adjuster you can. Beware of adjuster scams, particularly after a natural disaster. Between inflated costs, uncertified personnel, and fraudulent behavior, you need to be aware of the threat.
Thoroughly vetting any potential adjuster is vital. There are steps you can take to help make sure you’re getting a good adjuster:
Most adjusters will charge a percentage of your claim total, usually between five to fifteen percent. This means that if your adjuster agrees to a ten percent fee and helps you negotiate a $5,000 settlement, their payout is $500. It is possible to negotiate the fee with your insurance adjuster.
Also, you may only be disputing a portion of your claim. For example, you may be fine with your home insurer’s offer for dwelling damage but are dissatisfied with the personal property claim offer. You can hire an adjuster to only represent you for the personal property claim. This way, the adjuster won’t be entitled to what you get for the dwelling claim.
Some states cap adjuster’s fee. This is done to stop adjusters from artificially inflating claims to earn higher payouts for themselves. This shouldn’t be an issue if you hire a licensed appraiser with good references.
QuoteWizard.com LLC has made every effort to ensure that the information on this site is correct, but we cannot guarantee that it is free of inaccuracies, errors, or omissions. All content and services provided on or through this site are provided "as is" and "as available" for use. QuoteWizard.com LLC makes no representations or warranties of any kind, express or implied, as to the operation of this site or to the information, content, materials, or products included on this site. You expressly agree that your use of this site is at your sole risk.