Insurance adjusters
Three types of insurance adjusters exist:
Company Adjuster - These adjusters are internal workers that are hired by the insurance company. They are tasked with assessing the property loss and developing your claim. The key thing to remember about an insurance adjuster is that they do not represent you nor do they work for you; They work for the insurance company.
Independent Adjusters - These adjusters are contracted and hired by the insurance company. They are recruited by your insurance company and are employed on a contractual basis. Again, it’s important to remember that Independent Adjusters do not work for you; They work for the insurance company.
Public Adjusters - These adjusters are licensed professionals who are hired by the insured, the one who has experienced the loss. They represent and work on behalf of the property owner to maximize their claim. They work for you!
What does a public adjuster do?
Insurance companies have provided incredible marketing and messaging that leads their customers to believe that they have their clients best interests in mind. However, you’ll find that when you file a claim, it’s an entirely different story. What they don’t include in their message is that the burden of proof is placed entirely on your (the insured’s) shoulders. However, most policyholders are experiencing their first loss and do not know how to evaluate building and contents damage. Unfortunately, the result is that most policyholders unknowingly leave extraordinary amounts of money on the table that they are certainly due. But the insurance company and their appointed adjusters will not tell you if your leaving money on the table… remember they don’t work for you, they work for the insurance company.
how does a public adjuster work for the insured?
Public Adjusters put the policyholder in the driverseat by helping them at every step in the claim process. They do this by:
Policy Examination - We review your policy and explain all of your financial options. Then we establish a strategy that makes sense to get the results you want.
Communication Management - We file the claim and speak to your insurance company on your behalf
Claim Formation - We compile the evidence and create meticulous inventory reporting. We show the insurance company what you deserve and why you deserve it.
Negotiation - If don’t like what the insurance company offers you… we go to bat and provide the firepower that you need to get the result your due.
Claim Maximization - After months and years of premium payments, there is no reason to settle for less. We are only satisfied with providing you with the best possible outcome.
What does it cost?
There are no upfront, out of pocket costs. Public Adjusters work on a contingency fee that is based on a capped percentage of the claim results. The public adjuster is incentivised to make sure you get the most money possible out of your claim. Public adjusters are only paid once the customer is paid first. This model takes the pressure off of the insured and places it on the public adjuster. The most expensive claim you’ll file is the wrong one. Hiring a public adjuster ensures that you are getting the maximum result.