When it comes to hail storms, fires, or other damage to your home, your insurance company will not always cover the costs of rebuilding or repair. It is advisable to hire a public insurance adjuster in these cases. The best part of hiring a public insurance adjuster is that they are able to assist with evaluating the property loss and help prepare insurance claims. On your behalf, they contact insurance companies and negotiate to make sure the amount of money you are getting from your company is fair.
Insurance Adjusters Work for You
It is important to hire a public adjuster because they work for you. Insurance companies have the power and are not always going to be willing to offer fair settlements or payout of their own pockets in order to make things right with you after your property has been damaged. It is imperative that when you file an insurance claim, that you contact a public insurance adjuster.
A public adjuster will work to make sure that the amount of money you are receiving is fair and that all your damages are included in the claim. They know what can be included on a claim, which often helps people get more than they otherwise would have been able to receive from their insurance company.
Take Emotions out of the Claim-Filing Process
You may be feeling a lot of stress and anxiety as you think about the damage to your property. This can lead to making mistakes while filing or settling for less than what you should get just so that everything is completed. It is important to remove emotions from the claim-filing process. A public adjuster can help you do this.
Public Insurance Adjuster vs Company Insurance Adjuster
A public insurance adjuster works on behalf of you, the claimant. This means that they stay with you during the entire process and make sure you are getting a fair amount for your claim. A company-appointed insurance adjuster may work more closely with their employer (the insurance company, for example) than they would if they were representing just one person.
When Should I use a Public Adjuster?
It is always a good idea to hire a public adjuster if you have suffered major property damage. You have little to lose from hiring a public adjustor. They know how to determine the severity of damage and what can be included so you receive what you’re entitled to, meaning minimal or no out-of-pocket expenditures.
Getting a second opinion is always wise when it comes to a costly event like an insurance claim on your home. Public adjusters often visit a home for an assessment and find that the policyholder’s estimate falls short of what it should have been. The public adjuster has your interests in mind and will do everything possible to salvage what they can, including medical costs, which are often deliberately ignored by the insurance company.
How Do I Choose a Public Adjuster?
There are many public adjusters in your area. Listed below are some of the factors that you should consider when choosing a public adjuster:
- Is he or she licensed to practice in your state? Public insurance adjusters must be licensed in the states they are practicing in. This is also important when you’re looking for someone who’s knowledgeable about local regulations and laws, which can vary from one state to another. For example, if you are in Denver, make sure to hire a Denver public insurance adjuster.
- Will your adjuster be handling your claim personally? Most of the time, public adjusters work on a team. If you are looking for someone who will be involved in your case from start to finish, make sure that they have enough time and resources available.
- Does the adjuster have a referral or reference? Most public adjusters have a list of satisfied customers who they can refer to and will recommend. This is the best way for you to find out if your potential public insurance adjuster has experience in handling cases similar to yours so that he or she’ll be able to give you an accurate estimate on how much money will be coming into your pocket.
- What level of experience does the public adjuster have? How long has the public adjuster been in business? The more experienced a public insurance adjuster is, the better off you’ll be. They will know what to do and have dealt with situations similar to yours before so they can give you an accurate estimate of how much money your claim will net out at or call it negotiated settlement.
What is the Cost of a Public Insurance Adjuster?
Public adjusters are paid a percentage of the total settlement. Generally, it is about 30% up to 40% but this varies, and sometimes they will work on a contingency basis which means that if they don’t get you at least what the policyholder’s estimate was then there is no charge from them.
One benefit of a public adjuster is that their fees are capped at the dollar amount per claim. Generally, public adjusters’ fees are capped at $5,000 per claim. This might be higher for experienced adjusters who have a bigger folder of experience.
When Might I also Need an Attorney?
If, after negotiations with an insurance company, it is clear that the policyholder deserves a larger settlement than the insurer will offer, you may require litigation. If a policyholder decides the cost of hiring an attorney and filing a lawsuit against their insurance company is worth the desired settlement, then they could seek representation for legal action.
You may also need an attorney if you have a personal injury claim, meaning that there is more than one party involved. If your insurance company has denied coverage for something like vandalism or theft then it’s important to talk with an experienced public adjuster and/or lawyer about how to proceed.
With a public insurance adjuster, it is possible that the claim will not be adjusted or paid to the customer’s satisfaction. In this situation, filing a suit would be your only option. The good news is that this is fairly unusual.
If you live in Colorado and are in need of a public adjuster, please contact Public Insurance Adjusters of Colorado to get started.
450 Lincoln St suite 104, Denver, CO 80203