Why Hire a Public Adjuster or Insurance Lawyer?
When residents or businesses file insurance claims, many of them don’t realize the amount of work involved. This leaves the consumer with one of two choices: 1) Hire a public insurance adjuster, or 2) rely on their insurance company’s adjuster to right by them. Option two might be similar to letting your wife’s attorney make your decisions in a bitter divorce settlement. In the next paragraphs, we will explain why hiring a public insurance adjuster is the better option.
What Does A Public Insurance Adjuster Do?
These adjusters are professionals hired by a homeowner or business to assess and manage damages/losses that should be covered by an insurance policy. They manage the settlement of insurance claims on behalf of their clients to ensure proper reimbursement is received, and nothing is left unchecked. In addition, they are especially useful when the insurance company is disputing your claim. The main difference between a public adjuster and the adjuster that is provided by your insurance company is where the loyalty lies. A company adjuster works for the insurer to minimize payouts of insurance claims, or possibly to deny them as often as possible. On the other hand, public adjusters work on behalf of the policyholders and try to achieve the highest possible settlement for their clients
After thorough analysis, factors are weighed against the assessed damage and a claim is formed. Since public adjusters go through the same training and licensing as company adjusters, they know the key issues these company employees will be looking for. In many cases, they will negotiate with the insurer for a higher payout. Their job is usually over when the claim is settled, but public adjusters will also help in refiling the claim if additional damages are discovered.
Reasons To Hire A Public Insurance Adjuster
It is easy to see that public adjusters are beneficial in the respect that they are dedicated to the policyholder rather than the insurance company. However, there are several other good reasons to hire one of these professionals.
1. They can save policyholders time. Most people have busy schedules that leave little time for dealing with all of the hassles associated with insurance claims. Public adjusters know what is needed, so they can gather the right data, organize it and submit the claim in a timely manner. They also stay on top of issues as they arise during the process.
2. They negotiate much better payouts. To fully understand why it is worthwhile to invest in hiring a public adjuster, it is important to research statistics. In the state of Florida, the OPAGGA found that these professionals obtained payouts that were more than 745 percent larger than what insurance companies would have otherwise paid. Since these adjusters are compensated based on the amount they recover, consumers can expect their best efforts.
3. They provide a free and objective evaluation. Since they have no reason to lie either way about damages, these adjusters will always provide the most accurate and in-depth analysis. They usually provide a free initial evaluation for consumers’ convenience.
4. They are less likely to overlook damages. These professionals know exactly what to look for, and they often find damages that policyholders would overlook. By finding these damages initially, public adjusters save consumers the hassles and headaches of refiling claims to compensate for damages found later.
5. They are licensed professionals. Every reputable public adjuster is a licensed professional with verifiable credentials. These individuals are happy to provide consumers with the information they need to know that their trust is valued.
These professionals can prove to be to be your biggest asset for your insurance settlement. If you have an insurance claim, find a good adjuster and get what you deserve.
The Importance of Public Liability Insurance
How to work with insurance companies and avoid getting ripped off
Insurance claims are a reality of life and in this article I will show you the basics of preparing for and filing them. Whether you are involved in a car accident or have to go into the hospital, filing claims are a essential part of that process. Here are some basic points to consider when filing.
1. Keep up to date on your insurance policies.
There is nothing worse when filing a claim and to find out that your insurance policy does not cover you. Many times we take for granted that our insurance is up-to-date and will handle any emergency, but then when we go to file and we find out that either our insurance does not cover our expenses or that we are denied because we are no longer covered.
3. Make sure your keep all your documents and receipts.
Keep all document you receive about your insurance and keep them in a safe place (In a safe or safety deposit box, if possible). Also, have your insurance agent date and sign the receipt as an added safeguard. Trying to file without those precious documents is leaving yourself open to being challenge about your claim with nothing to back you up.
Well, there you have some handy tips on how to prepare for and handle insurance claims. I will be providing more handy tips and information about this in future articles and posts.
What To Look For In A Good Business Insurance Coverage Policy
The State of Florida licenses Public Adjusters to represent individuals in claims against insurance companies. Typically, a Public Adjuster works in areas of property losses, such as a home damaged by fire. The PA investigates and evaluates a claim and works to maximize the recovery of the homeowner.
A relatively unknown area of licensing in FL is the Health Public Adjuster. This job involves maximizing the recovery of health insurance benefits by a claimant. The HPA works to negotiate coverage, when coverage is limited or denied. Like other Public Adjusters, the HPA is paid a contingency fee which is a percentage of the recovery. While Public Adjusters are required to serve a 1 year apprenticeship, complete the Accredited Claims Adjuster Designation and pass the state test, these requirements do not apply to the Health Public Adjuster (3-40).
See the Florida Department of Financial Services website for more information:
Do I have to apply for the 31-20 Public Adjuster Apprentice License to adjust only Health or Workers Compensation? No.