Adjusters are professionals who work in the insurance field to help validate damages, determine coverage areas and evaluate cases to arrive at a value of an insurance claim. There are two types of adjusters: “independent” or company adjusters, and public adjusters. Although relatively unknown to many,public insurance adjusters are vital to optimal utilization of an insurance policy in a claim settlement.
Independent Insurance Adjuster
This type of insurance adjuster works for the multiple insurance companies and have no obligation to delivering the best possible settlement for your insurance claim. They often try to minimize the amount of insurance claim against property damage to save the insurance company money. They are trained and paid by the company to do precisely this.
Public Insurance Adjuster
These virtually unheard of adjusters are those who will work for you as a policyholder and not for the company. They can be thought of as your lawyer, while the independent insurance adjuster is the company’s lawyer. A public insurance adjuster helps you get what you paid your premiums for in terms of insurance claims, coverage and accuracy of the same especially in serious cases of property damage like water damage, smoke or fire damage, or storm damage.
Importance of a Public Insurance Adjuster
As a rule, the people who know most about insurance are those who work in the field. Meaning that the papers, forms, procedures and jargon would be enough to make anyone’s head spin. A public insurance adjuster sorts this problem out for you and makes sure that you do not receive a bad claim settlement at the hands of insurance companies when you are already going through a tough time as a result of property damage.
When to Hire a Public Adjuster
It is essential to understand the value a qualified licensed public adjuster can add to your claim. The more difficult the claim is, and the greater the property damaged, the more reason you will have to hire a public insurance adjuster. There can be a significant difference in an insurance claim that has been awarded with the assistance of a public adjuster and without one.
Public Insurance Adjuster Vs. Independent Insurance Adjuster
An independent insurance adjuster may not have your best interests at heart, but public adjusters work exclusively for you to ensure that your best interests are represented, the insurance company fairly settles your claim and honors the provisions of the insurance policy.
Public adjusters can handle claims as small as storm and hail damage to large fire and water losses. A 2009 study in the state of Florida showed that in cases represented by a public adjuster, the settlement amount was significantly higher—up to 747 percent—than those represented by independent adjusters.
Hiring Miller Public Adjusters can ensure that your best interests are represented. We will help you obtain a fair and maximum claim settlement, whether you have a fire damage claim, water damage claim and anything in between. We have have public adjusters in Illinois and Wisconsin.
Experts Guide to Getting the Most Out of Your Property Insurance Claim
Don’t be confused with the insurance claim process. Understand what steps to take with this guide.