What Is A Public Adjuster?
A public adjuster is a professional who has expert knowledge on loss adjustments.
He is employed by the general public (individuals, business owners and other
private entities) to assist them in preparing, filing and negotiating equitable
adjustments of insurance claims. All public adjusters must be licensed by
the state for which your loss occurred in. It is that states government
controlling body that ensures you that your public adjuster has fulfilled
and passed all licensing tests and requirements. Many states additionally
require the public adjuster to be bonded for a minimum of $ 50,000.00. Ask
the public adjuster who is seeking your business for a copy of his license
and a client reference list. If he does not have a license Call the Department
of Insurance or your local authorities!
If you have a large or complex insurance claim, make certain that your
public adjuster has the knowledge and expertise to successfully represent
you.
Why can't my Insurance Agent or Broker handle my claim?
An agent or broker is well trained in determining your insurance needs,
and placing or writing insurance programs, but they are not well trained
in detailing insurance losses. You can't expect an Agent or Broker, who
is not paid to adjust losses, to try and "adjust" one. They
generally don't have the time, training or facilities to render the highly
specialized service of insurance adjusting and many agents receive year
end bonus's based on their clients claims experience for that year.
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