A public adjuster is a licensed professional who can help policyholders with the insurance claim process. They work on behalf of policyholders to evaluate the damage, negotiate with the insurance company, and help policyholders receive the full amount of compensation they are entitled to.
In this post, we will discuss the role of a public adjuster, their benefits, drawbacks, and frequently asked questions. We will also provide a list of some of the best public adjusting companies with links to their websites.
What Does a Public Adjuster Do?
A public adjuster’s primary role is to help policyholders navigate the insurance claim process. They work on behalf of policyholders to assess the damage, determine the value of the claim, and negotiate with the insurance company to ensure that the policyholder receives the full amount of compensation they are entitled to.
A public adjuster will:
- Evaluate the damage: A public adjuster will assess the damage to the property and determine the value of the claim.
- Document the damage: A public adjuster will take photographs and document the damage to support the claim.
- File the claim: A public adjuster will submit the claim to the insurance company on behalf of the policyholder.
- Negotiate with the insurance company: A public adjuster will negotiate with the insurance company to ensure that the policyholder receives the full amount of compensation they are entitled to.
Benefits of Using a Public Adjuster
- Expertise: Public adjusters have specialized knowledge and expertise in the insurance claim process.
- Save time: Public adjusters can handle the entire claim process, saving policyholders time and stress.
- Maximize compensation: Public adjusters can negotiate with the insurance company to ensure that the policyholder receives the full amount of compensation they are entitled to.
Drawbacks of Using a Public Adjuster
- Cost: Public adjusters charge a fee for their services, which is typically a percentage of the settlement.
- Risk of fraud: Some public adjusters may engage in fraudulent activities, such as inflating the value of the claim.
FAQs About Public Adjusters
Here are some common questions and answers about public adjusters:
Q: Do I need a public adjuster? A: It is not necessary to hire a public adjuster for every insurance claim. However, if you are having difficulty with the claim process or are unsure of the value of your claim, a public adjuster can be helpful.
Q: How much do public adjusters charge? A: Public adjusters typically charge a percentage of the settlement, which ranges from 10% to 20%.
Q: Are public adjusters licensed? A: Yes, public adjusters are licensed professionals who are regulated by state insurance departments.
Best Companies for Public Adjusting
Here are five of the best public adjusting companies, along with links to their websites, where you can learn more about their services and fees:
- Noble Public Adjusting Group: Noble Public Adjusting Group is a top-rated public adjusting company that offers a range of services, including property damage claims, business interruption claims, and water damage claims.
Link: https://www.noblepagroup.com/
- Globe Midwest Adjusters International: Globe Midwest Adjusters International is a leading public adjusting company that specializes in commercial property claims, residential property claims, and business interruption claims.
Link: https://www.globemidwestai.com/
- Tutwiler & Associates Public Adjusters: Tutwiler & Associates Public Adjusters is a reputable public adjusting firm that has been in business for over 30 years. They offer a range of services, including property damage claims, business interruption claims, and hurricane claims.