There are great benefits to hiring a public adjuster. For instance, hiring a public adjuster who, for a percentage of the payment, can negotiate with insurers on your behalf. The following are five top reasons why you should hire a public adjuster.
Top 5 Reasons To Hire A Public Adjuster
- Public Adjusters work for the individual, not insurance companies
One benefit of hiring a public adjuster is that they work for and represent each individual person while at the same time only receiving a small percentage of the settlement, they obtain for you. In addition, they will carefully examine every part of damage covered by your policy, by doing this the public adjuster will ensure you receive a higher settlement.
So, if you are deciding to hire a public adjuster or not, just remember that company and independent adjusters work for an insurance company and unfortunately do not protect your interests.
- You will receive a higher settlement for your claim
Public adjusters generally charge a fee based on the percentage of the ultimate insurance settlement. This fee is paid by you, the policyholder, not the insurance company.
The amount of the public adjuster’s fee is negotiable and should be agreed on before signing a contract. Fees generally range from 10 – 25 per cent, that is depending on the size of the claim and the amount of work involved. In theory though, because of their expertise, public adjusters may get you a higher settlement, ultimately offsetting the fee.
- A public adjuster will save you time
Another reason to hire a public adjuster is that they simply save you time in the long run. There is a lot of work involved for both parties, the individual and the public adjuster. However, a public adjuster will ensure each step of the process is done with minimal effort required from the individual who hired the public adjuster. This saves you a great amount of time as you can work on anything else that is needed on your part.
- Insurance policy experts
A public adjuster will act as your advocate. They are extremely familiar with insurance policies, the claims process, and everything in between including all the insurance terminology and jargon that comes along. They’ll work to support your interests and will help you negotiate better settlements with your insurance company.
It is clear that if you choose to hire a public adjuster, you will have an expert who will make sure you avoid making any mistakes that could cost you thousands. Or even worse have your claim may be denied. This is why you must hire a public adjuster as they will reassure you throughout the process.
- Insurance Companies only worry about themselves
Finally, insurance companies only think of their own interests which is a top reason to hire a public adjuster. The aim of insurance companies is to remain profitable. Because of this, a public adjuster will give you the lowest possible payment for the repairs that your home or commercial property needs. Their first offer likely won’t cover your loss, and at the end of the day, you’ll still be left with a significant financial burden.