How Can I Learn More About Negotiating with my Insurance Company?
One of the best ways to become skilled in negotiating with an insurance company is by talking to the experts – Orchard attorneys and public adjusters. Experienced lawyers deal with insurance providers on a regular basis, and are intimately familiar with lowball tactics, as well as what is a fair amount settle for.
Consult with an Orchard insurance bad faith attorney about ways you can negotiate with an adjustor to get the best settlement offer. Or, if you don’t feel comfortable negotiating on your own, consider hiring legal representation to intercede on your behalf to make sure you get the compensation you deserve.
The Best Personal Property Insurance in Texas
Insurance Claim Supplements - How to Submit Claim Supplements
How much insurance claims adjusters can make per annum is the subject of considerable interest and speculation to those interested in a career in claims. As unstable weather continues into the fall, and the Atlantic hurricane season reaches its stride, its important to correctly understand the financial landscape of the adjuster industry.
Some folks have heard from their girlfriend's brother or an estranged uncle that claims adjusting is a money tree. The money tree sits there blooming Benjamins, apparently just waiting happily to be plucked by any newcomer with the inside scoop. And as an added bonus, you really don't have to do work. The opposite extreme is my own previous misconception of the monetary compensation for claims adjusters which is that they made next to nothing and it was essentially a dead end job. This is as far from the truth as the money tree concept but, I would hazard to guess, a much more prevalent misunderstanding.
So how much money does an insurance adjuster really make?
Making over $1,000 a day as an independent adjuster working catastrophe claims is common and very attainable. In this way, a good independent adjuster can surpass six figures income in less than six months.
So, is this the money tree after all? Well, not so fast. Remember that catastrophes, especially catastrophes sufficient to employ significant numbers of adjusters, are relatively few and far between. During "dry" spells for independent adjusters, work can be scarce and competition fierce for the claims that do come along. That said, there is a tremendous and exciting opportunity for very real, very lucrative money when disaster does strike.
Whether its operating on staff or as independent contractor, claims adjusting offers potential for solid and, in some cases, spectacular income.
Getting Full Claims Settlement - Recovering Withheld Depreciation
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.