What is a public adjuster and what are the advantages of a public adjuster? A public adjuster is an independent insurance specialist who a policyholder can hire to assist in the settlement of an insurance claim on their behalf.
During an insurance claim, a representative from the insurance company comes out and analyzes your claim. They estimate your reimbursement depending on the damage. However, the number offered for reimbursement by an insurance company can be smaller than anticipated.
A public adjuster, like a claims adjuster, will inspect your property’s damage, assist in determining the scope of repairs, and determine the replacement value of those repairs. Fighting for you rather than the insurance company. Continue reading to understand the advantages of a public adjuster.
Fights for YOUR Best Interests
One of the first advantages of a public adjuster is that they fight for you. Your insurance company will designate an insurance adjuster for you after filing a claim. Your insurance company pays for this adjuster making their obligation to operate in the insurance company’s best interests.
Once you file a claim, hire someone who will fight for your best interest. Rather than fighting for the insurance company, a public adjuster is in your corner. A public adjuster helps level the playing field. They understand the ins and outs of the claims process and make it their mission to get you the compensation you are entitled to.
Makes the Claim Process Less Stressful
We live in a fast-paced world where stress is an everyday occurrence. If you’re like the majority of people, you could do with less stress rather than more.
It can be incredibly difficult to try to handle a large or complicated insurance claim on your own. Dealing with insurance jargon and the back and forth of negotiations. Allowing a reliable, professional public adjuster to handle your claim not only saves you time but the aggravation of filing alone.
Fights a Bad Settlement Offer
Oftentimes, your insurance company will do everything in its power to deny your claim or offer you the least amount of money possible. You are not obligated to accept your insurance company’s first settlement offer. A public adjuster will assist you in obtaining a better settlement offer by conducting their own investigation into the claim.
Saves You Time
Managing a significant insurance claim on your own can take a lot of time and effort. Endless amounts of paperwork, meetings, and dealing with contractors can make it feel like a full-time job. Hiring a public adjuster to handle the process can save you a significant amount of time because they take care of the entire process, start to finish.
Saves You Money Rather than Hiring an Attorney
When an insurance claim does not go as planned, many homeowners believe that hiring an attorney is the best option. However, hiring an attorney is a very costly choice.
The majority of lawyers demand a contingency fee of 33 to 40% of the total settlement sum. This is substantially more expensive than what a public adjuster would charge.
Negotiates on Your Behalf
It is extremely difficult to negotiate with insurance adjusters on your own behalf. Before you even begin negotiations, they’re already know all the ins and outs of the process with a counter-argument ready.
On a daily basis, a skilled public adjuster interacts with insurance companies and their adjusters. Your public adjuster is in a far better position than you are to negotiate a favorable settlement offer.
Faster Claim Resolution
When fighting a claim yourself, it can be a lengthy process. A public adjuster is experienced and understands what needs to be done in order to get you paid in an efficient and timely manner.
Likelihood of a Higher Settlement Offer
One of the most significant advantages of a public adjuster is the possibility of receiving a larger settlement offer. Public adjusters know the details of your homeowner’s insurance policy and are equipped with the necessary skills, expertise, and experience to deal with insurance adjusters.
Additionally, public adjusters function on a contingency fee basis. The more money you make the more money a public adjuster makes. Thus, giving them a strong incentive to make sure you get the full amount owing under your policy.
No Upfront Payment
Hiring a public adjuster does not require an upfront payment. Once the settlement is complete and the insurance company fully compensates you, then the public adjuster will take a small percentage. Meaning, if you do not make money, neither do they.
Hire a Public Adjuster
If you have been fighting an insurance claim that doesn’t seem to be going your way, contact Exodus Public Adjuster and let us fight for you! Your Exodus adjuster will support you through the entire claim process to ensure your property is properly assessed, documented, investigated, and paid fairly.