Insurance Company:
- Role: An insurance company provides insurance coverage to policyholders.
- Responsibility: It is responsible for assessing claims, determining coverage, and ultimately reimbursing policyholders for covered losses.
- Adjusters: Insurance companies have their own adjusters, known as insurance adjusters or claims adjusters, who are employed to investigate and handle claims on behalf of the insurance company.
Public Adjuster:
- Role: A public adjuster works on behalf of the policyholder, not the insurance company.
- Responsibility: Public adjusters are hired by the policyholder to help navigate the claims process, assess the damage, and negotiate with the insurance company for a fair settlement.
- Advocacy: Public adjusters advocate for the interests of the policyholder, aiming to maximize the amount of the insurance settlement.
- Compensation: Public adjusters typically charge a fee, which is often a percentage of the final settlement, for their services. This fee is agreed upon between the policyholder and the public adjuster.
In summary, while the insurance company’s adjuster works on behalf of the insurance company to assess and process claims, a public adjuster works on behalf of the policyholder, providing expertise and advocacy to ensure the policyholder receives a fair and just settlement from the insurance company. Hiring a public adjuster can be beneficial for policyholders who may feel overwhelmed by the claims process or want to ensure they are getting the maximum compensation for their covered losses. However, it’s essential to carefully consider the costs and benefits before deciding to hire a public adjuster.
Your public adjuster’s charge is a percentage of the insurance company’s settlement with you. A public adjuster only gets paid if you get paid. By seeking to maximize your settlement, your public adjuster’s services can save you the cost of their fees, at the very least.
Why wait for the best and get the worst? Residential or commercial, the best time to contact a Public Adjuster is at the beginning of the claims process. Don’t give the insurance company a head start!
The typical policy contains hundreds of provisions and stipulations – various forms and riders that are constantly changing and many complex details about your requirements in case of loss. Most people do not know or understand these policy provisions, and most do not realize that the burden of proof is on them, the policyholder. Most insurance company representatives actually prefer to work with an experienced public adjuster rather than an inexperienced policyholder. A public adjuster has the confidence of the company adjusters who recognize that they are dealing with a professional.