The Role Of A Public Adjuster

The role of a public adjuster in insurance claims is clouded in mystery. In the event of a homeowners’ insurance claim, informed clients often ask themselves what exactly a public adjuster is and if they even add value to your industry. A public adjuster is a third-party advocate hired by a home policyholder to help them with an insurance claim. They work solely for the homeowner, making the insurance claim procedure less intimidating. Scroll down for more information on what a public adjuster is able to do.

What Is a Public Adjuster?

Individuals who represent the policyholder in estimating and negotiating the property worth of a claimant are known as public adjusters. They can legally represent the rights of an insured party. Public adjusters are most useful when the only issue is the appropriate identification and appraisal of the loss. The majority of public adjusters take a percentage of the settlement as their fee. They primarily assess the damage, generate paperwork related to claims and estimates, study the insurance policy to evaluate coverage, and negotiate with the claims adjuster of the insurance company.

Differences between Independent and Company Adjusters

When it comes to evaluating the merit value of a claim, insurance companies use their own adjusters at a company level. On the other hand, an independent public adjuster works directly with homeowners to speed up their settlement process. They are seasoned litigators that know the insurance industry, are well-versed in the complicated regulations that regulate the sector, and will fight for the most equitable cash settlement on a home insurance claim.

Factors in Hiring a Public Adjuster

If you’re thinking about hiring a public adjuster, there are a few things to think about:

  • After a major disaster, know the facts. Your public adjuster’s commission might be regulated by your state’s insurance department.
  • Check any public adjuster’s references and qualifications before hiring them. Inquire for referrals from family and friends. Make sure that the public adjuster is permitted to offer their services at the damage site and inquire about any previous consumer complaints with your state insurance department.
  • Public adjusters only work for the homeowner. They will often charge a percentage of the amount that a policyholder’s insurance carrier will pay for a claim. Professional public adjusters rely on their knowledge and experience to help their clients. If your company incurs damage costs, avoid the public adjuster counterpart of ‘ambulance chasers’. These individuals can often be seen chasing clients from door to door. They are often practicing illegally in their state and offering unsolicited advice at atrocious price points.

Hire Stone Claims Group to Maximize Your Business Value

When a homeowner is forced to submit an insurance claim, they are pitted against their insurance carrier’s knowledge and competence. Using a skilled public adjuster can help you reduce stress, negotiate your state’s governing regulations and simplify the whole thing. Homeowners who work with public adjusters discover a true advocate.

Stone Claims Group is a public adjuster firm based out of St. Petersburg, Florida. Our company is happy to assist you in getting the most out of your insurance scheme. We have clients all over America and look at things from your perspective to help you get the most out of your property compensation. Please call us for a no-cost, no-obligation introduction today!


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