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What does a public insurance adjuster do?

Raymond A. Altieri, III - Licensed Public Adjuster

WHO IS A PUBLIC ADJUSTER, AND WHAT DO THEY DO?

Nobody enjoys having to pay their insurance bill. However, as a business or homeowner, it is a must. When anything unexpected or terrible happens to your house, the insurance offers the necessary financial protection. For instance, water and roof damage from a storm. When such tragic events occur, you must contact your insurance agent.

You have insurance to assist pay the costs of the damage caused by such calamities. But how can you, as the property owner, file a claim and settle on the amount you should be compensated for the damage? This is where public adjusters step in to assist you with your claim. You're aware that the insurance company employs adjusters.

Have you ever heard of a public adjuster who you might pay to help you with an insurance claim? What are the reasons for hiring a public adjuster? Let us take a deeper look at who a public adjuster is and what they do. Continue reading to grasp everything there is about public adjusters and how they may assist you in future occurrences.

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WHO IS A PUBLIC ADJUSTER?

A public adjuster is a state-licensed insurance expert who manages all aspects of an insurance payout on account of the client (claimant or insured). Insurance claims are negotiated or "adjusted" by public insurance adjusters. Individually licensed and employed by the insurance policyholder, public adjusters are a form of claim adjuster. They represent the common "public" and "adjust" insurance claims to reach settlements. Most people are familiar with insurance adjusters or claims adjusters, who work for insurance companies to analyze, evaluate, appraise, and modify insurance claims to decide how much compensation the insurance company is obligated to pay.

Many of these duties are performed by a public adjuster, who the client engages in advocating for the policyholder during the process of evaluating and settling a claim. A public insurance adjuster is somebody who is engaged to represent the financial interests of the insured person or business. A public adjuster works for you, not your insurer. Public adjusters utilize their knowledge and skills in the insurance business to guarantee that a claim is handled appropriately and fairly while simultaneously attempting to maximize compensation—all in an effort to assist people in need in really recovering after a loss.

WHEN SHOULD YOU HIRE A PUBLIC ADJUSTER?

You might face several scenarios in which you may consider employing a public insurance adjuster. Working with a public adjuster takes care of everything for you, making it an excellent option for people who do not have time to cope with a complicated claim procedure. If you have a large claim, a public adjuster can also help. The public adjuster will thoroughly examine your claim to ensure that no harm is ignored. Based on what they discover, you may be entitled to greater compensation to fix the reported damage.

If they have had bad claims experiences in life, some people prefer to use a public claims adjuster.  An independent adjuster works for you rather than the insurance provider. There is no conflict of interest, and the payment of your claim is the first priority.

It is pretty simple to locate a public insurance adjuster. Begin by searching the website of the National Association of Public Insurance Adjusters (NAPIA). Every public adjusting firm needed to be licensed in their state of operation is included in the NAPIA Directory. You may view a list of adjusters in your region by entering your city, region, or ZIP code. A referral from friends or family members is another approach to discover a public insurance adjuster. You should ideally select someone who is both renowned and influential. Reading online customer reviews might be beneficial as well.

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WHAT CAN YOU ANTICIPATE IF YOU HIRE A PUBLIC ADJUSTER?

A public adjuster will handle the whole claim procedure on your behalf if you employ one. They will come to your house to assess the damage, conduct a thorough evaluation of your claim, compute their suggested compensation, and work with your insurance carrier to expedite your reimbursement. Before finalizing the claim, you have the option of negotiating greater compensation with the insurance provider. If you pick this option, your public adjuster will function as a liaison for you, so you would never have to communicate with a representative or negotiate on your own. 

Working with a public adjuster, as previously stated, may result in greater compensation. According to a Florida Association of Public Insurance Adjusters (FAPIA) survey, homeowners who employed their own insurance claims adjusters earned a greater payment from their insurers. As per the report, the average compensation for homeowners who used a public adjuster was around $22,266, compared to $18,659 for those who did not use a public adjuster. Hiring a public insurance adjuster, on the other hand, does not ensure that you will receive more money. The conclusions of the public adjuster will be considered by your insurance carrier, although they may disagree with the suggested compensation.

FINAL THOUGHTS:

People are traumatized and upset after a tragedy, and this is the worst moment for them to begin filling out damage claims and missing papers. Insurance companies often demand you to file a claim as quickly as possible after the catastrophe occurred: individuals are still scared and upset, resulting in improperly filled out paperwork or erroneous information about the disaster being provided. All of this impacts the result of the insurance claim and may considerably reduce any compensation paid to the policyholder.

To save time and avoid unnecessary blunders. Many company owners and homeowners use public adjusters to handle their insurance claims. It not only relieves the stress of the scenario but also provides the owners with Peace of Mind in realizing that the insurance claim will be treated by a professional who is looking out for their best interests. So, it is highly suggested that you search for a professional who is renowned for his work so that you can have a seamless insurance claim procedure.

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About The Author: Raymond A. Altieri, III
Raymond A. Altieri, III - President

Ray is charged with the management and oversight of corporate outreach into the community as it relates to new business, as well as the forward direction of the company. Ray has been with Altieri Insurance Consultants since 2003 where he has performed a multitude of duties providing a foundation to his growth within the company during those years.

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