There are different types of adjusters in the insurance claim world- Independent Adjusters and Public Adjusters. Independent adjusters are individuals or businesses the insurance company chooses to settle claims. They come in two forms: Independent claim adjuster and independent public adjuster. Public adjusters, on the other hand, are licensed professionals that provide paid services to assist policyholders with their claims.
When you have a claim, two main parties are involved, the insurance company and yourself. Undoubtedly, you will be dealing with your insurance company to some extent. Still, it is crucial to understand that they are not always on your side. Insurance companies are interested in keeping their profits high, so they will try to pay out as little money as possible when it comes time for a settlement. The more they can save on each claim, the more money they make!
There are different types of adjusters in the insurance claim world- Independent Adjusters and Public Adjusters. Independent adjusters are individuals or businesses the insurance company chooses to settle claims. They come in two forms: Independent claim adjuster and independent public adjuster. Public adjusters, on the other hand, are licensed professionals that provide paid services to assist policyholders with their claims.
When you have a claim, two main parties are involved, the insurance company and yourself. Undoubtedly, you will be dealing with your insurance company to some extent. Still, it is crucial to understand that they are not always on your side. Insurance companies are interested in keeping their profits high, so they will try to pay out as little money as possible when it comes time for a settlement. The more they can save on each claim, the more money they make!
Insurance Adjuster
An insurance adjuster is a professional who inspects and evaluates an insurance claim to determine the amount of money the claimant is entitled to collect. They are also responsible for deciding who will receive payment and the amount to cover any damage done by the accident or incident.
Insurance companies have strict regulations regarding what they will pay out on claims, so these regulations must be followed by all employees at all times when handling claims from customers. Insurance adjusters must keep detailed records of everything they do. At the same time, on duty proves they are doing their jobs correctly and legally.
Insurance adjusters are supposed to look out for the best interests of the insurer, not the insured client. That’s why it’s best to be aware that an insurance adjuster is not a neutral party in disputes about coverage and claims.
Insurance companies set policies for their adjusters regarding how much information they can disclose to you. There may be limits on what your policy allows them to tell you at this stage.
Public Adjuster
Public adjusters are independent contractors who represent policyholders in the aftermath of a damaging event. They have no stake in whether or not you get paid since they don’t work for insurance companies. Public adjusters work on a contingency basis, meaning they only get paid if you do.
There are two types of public adjusters: those who work for an agency and those who work independently. Both types can help you navigate the claims process and ensure you receive fair compensation for your losses.
In some states, public adjusters must have a license before conducting business with customers. These licenses vary state by state but typically involve passing an exam based on state laws regarding claims adjusting. Many states also require public adjusters to be licensed insurance agents before becoming licensed public adjusters.
Senior couple reviewing an insurance application form with their public adjuster.
Benefits of a Public Adjuster
Public adjusters are experts in dealing with insurance claims. They work on behalf of their clients to negotiate with insurance companies and ensure they’re getting fair treatment for their losses.
Public adjusters can help you get the maximum compensation for your property damage claim. Here are just a few of the ways:
- They’re available 24/7, meaning they can respond quickly to emergencies like flooding or fire damage.
- They don’t need to wait weeks or months until your case goes to trial to collect their fee. Public adjusters will take their
cut when you accept a settlement offer from an insurer or negotiate with them directly. - Public adjusters can provide unbiased advice on how much money you should expect from your policy. They also inform
you what steps to take next if your insurer denies your claim.
Icon Public Adjusters
Insurance companies often overlook damages during the estimating process. Still, our public adjusting experts can assist policyholders in increasing their claims payout. Our team of licensed public adjusting experts helps with damages due to: Tornadoes, Earthquakes, Hurricanes, Fire, Flood, and more! Our goal is to increase your claim’s payout and expedite your restoration. Get insurance claim assistance by contacting us today. Our team of public adjusting experts is ready to serve on your behalf.
Contact the Icon Group of Central Florida today to get a free consultation and gain a better understanding of your property claim. Call us at 407-917-9160 or fill the contact form.
