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50 Reasons to Use a Public Adjuster (Part III)

  • Broadcast in Education



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Most home & Business Owners know they must have Insurance and most  Home & Business Owners find those contracts difficult to understand, but some have found a way to understand this important Risk Management Tool.

Public Adjusters have been a recognized profession for wwell over 125 years and are licensed in 44 Stated by the various Insurance Commissioners. While most people understand the need to hire representation when going to court, most people do not know that the same level of service is available for their insurance claims, but some people have learned that a Public Adjuster is a valuable asset during a stressful time of property loss.

The Florida Legislature's official oversight branch reported, in 2007, that people who used the services of a Public Adjuster, for Major Claims, settle for an average of 747% more money than people who handle their own claims.  They also found that even for small claims, puble that used the services of a Public Adjuster settle for an average of 574% more than those who go it alone.

Public Adjusters understand the Contract Language of the Policy and guide the Home & Business Owner through the process.  We handle the phone calls, the paperwork and the negotiations.  Public Adjusters work on a contingency fee basis, so we do not get paid until you do.  No up front, out of pocket expenses.

Just as importantly, a Public Adjuster will review your Insurance Policy to make sure it is appropriate for your specific needs.  Any discrepancies will be explained and recommendations will be made.  Also, a Public Adjuster can explain why a given loss may not be covered or will be too small to justify a claim.  This will help the Policy Owner's 'No Claims Discount' record.

As Peter Lynch, of Fidelity nvestments said: 'Know what you own and why you own it!". This is important, with your insurance!