Pros and Cons of Hiring a Public Adjuster
Don’t leave money on the table when your insurance company tries to underpay your claim. Public adjusters help you get insurance claim money that is rightfully yours.
insurancepublicadjustersofgeorgia.com gathered information about what a public insurance adjuster is, what they do, and the pros and cons associated with hiring them.
What is a Public Insurance Adjuster?
Public insurance adjusters are property loss professionals that work on behalf of policyholders. Public adjusters can be hired to review an insurance policy, advise their client about policy details, coverages, and negotiate an insurance claim on their behalf.
A public adjuster should not be confused with an independent adjuster. Independent adjusters are hired by insurance companies on a contractual basis to manage their side of a claim. Public insurance adjusters are the only insurance professionals that advocate solely for the policyholder / property owner.
Pro – A public adjuster fights and negotiates for the policyholder.
Con – Public adjusters are owed a percentage of the settlement value. In some cases, they may establish a maximum fee.
While public adjusters help you through your claims process for maximum payout, they can often get you more money than you can alone, but cannot get you more money than is allowed by your insurance policy.
For more clarifiction on the types and role of a public adjuster, visit insurancepublicadjustersofgeorgia.com/questions/what-is-a-public-adjuster/
What A Public Insurance Adjuster Does
When you hire a public insurance adjuster to handle your insurance claim, you are getting an expert in the details and complicated language of insurance policies, as well as the process of filing and adjusting claims. The following are some of the services public insurance adjusters provide:
• Thoroughly evaluates the clauses and protections of an insurance policy
• Itemizes full property repair or replacement costs
• Logs and submits initial and supplemental claims
• Helps you negotiate with contractors
A public insurance adjuster works to protect the policyholder from mistakes and omissions that commonly occur due to a lack of experience.
Pro – Less paperwork, hassle, and anxiety for the policyholder.
Con – The public insurance adjuster is a paid a percentage of the claim amount
Tip – The selling point of most public adjusters is that they help recover monies above and beyond what you would have on your own, in addition to saving you time and frustration. Most likely, the amount recovered would not have been paid to you without their expertiese, so their efforts should ideally cover the cost of their service.
There is a peace of mind in knowing that your state’s insurance department may mandate the percentage that public insurance adjusters are permitted to charge.
Why Use An Insurance Public Adjuster
When putting a claim together, many repair costs can be under-estimated, forgotten by or unknown to a policyholder. A public adjuster is a professional at assessing damages, knowing what repairs are required, and how to present this information to satisfy your insurance company’s claim requirements.
No matter how good your insurance company may be, they will never voluntarily pay more than the amount you have claimed. A public insurance adjuster helps ensure that the correct amounts are being claimed, and unforeseen issues are addressed and included in your claim.
Choosing The Right Public Insurance Adjuster
Before you hire a public adjuster, some questions should be answered. The following will help you determine the right adjuster to handle your claim:
• Is the public insurance adjuster licensed to work in your state?
• Is the adjuster/firm the best fit for your claim? (Do they specialize in your type of claim?)
• Has he/she handled cases similar in value and scope to yours?
• Ask for referrals. Speak with others about the experience they had working with this adjuster/firm.
Search for public reviews of the adjuster or his/her firm on these and other review sites:
• Yelp
• Google My Business
• Better Business Bureau
• Facebook Ratings and Reviews
• Consumer Reports
• Angie’s List
As the policyholder, you are the boss. Before hiring a public insurance adjuster, his/her services, references, and results should be vetted like any other service provider. Use this tool from the National Association of Public Insurance Adjusters (NAPIA) to locate a licensed public adjuster in your state napia.com/AF_MemberDirectory.asp?version=1
Pro – Thoroughly vetting a public insurance adjuster allows you to feel secure throughout your claim process.
Con – The vetting process may require extra time. Invest that time to find the right person that can be trusted for the job.
NOTE: Do not contract the services of anyone offering claim adjustment services if they are not licensed to do so in your state.
Hiring A Public Insurance Adjuster
In this article, you discovered what public insurance adjusters are, what they do, and the pros and cons of hiring one to handle your insurance claim.
By hiring a public insurance adjuster, you are placing a professional in the claim negotiations on your behalf. Your insurance company has experts working for them, why wouldn’t you?
By not hiring a public insurance adjuster, you risk having your insurance claim severely underpaid or denied if not handled appropriately.
Sources:
iii.org/article/what-public-adjuster
valuepenguin.com/public-insurance-adjusters
answers.angieslist.com/What-pros-cons-public-adjuster-insurance-company-adjuster-resolve-claim-q38870.aspx
1100 Peachtree St NE Ste 200a Atlanta, Ga 30309
(404) 220-9366
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