A public adjuster is an expert claims handler/advisor who advocates on behalf of the policyholder/insured for the policyholder/ insured against the claims against them. The term public adjuster is often used interchangeably with a broker or agent. Claims advisors are independent professionals who work on their own and have no relationship with any insurance company. They are independent of insurers, brokers, and any other direct marketing agencies. They have been trained to assess a client's claim and present it in the best possible light to protect the policyholder/insured.
There are two types of claims advisors; the first is the public adjuster and the second is the claim broker. The public adjuster works on behalf of the policyholder/insured and represents them in negotiations with the insurer. This person will negotiate with the insurer on behalf of the policyholder/insured and prepare all necessary documents to obtain maximum compensation. When the claim reaches the superior court, it will be handled by the public adjuster at the insurance company's expense. This is a high-pressure situation and there are many factors which can affect the outcome of the case. Professionals have been trained to present their clients' best case so as to obtain the highest compensation possible. Visit oceanpoint.claims/locations/pensacola-public-adjuster for more details on public adjusters.
The main function of the public adjuster or broker is to settle any property loss claims against the insured. They are also responsible for collecting all relevant information and documentation related to the insurance claim that is needed to prove the loss. They also have the duty to investigate and report any suspicious circumstances and to gather all the necessary information for litigation if required. Some of their duties include preparing an estimate report, valuation report, final value report, insurance claim statement and certificate of loss etc. All these responsibilities are performed in consultation with the insurance company.
The public adjusters are paid on a contingency fee basis, which means that they receive a portion of the total amount of compensation if the case is successful. You should be careful to check the details of this policy, as not all companies offer this facility of hire. Some companies pay the public adjuster an upfront lump sum to start the process and some companies require that they have hired a lawyer before they give them any payment.
Many people are wary of dealing with insurance coverage and claim companies due to the high pressure and lack of trust in such cases. They tend to take the word of the insurance agents and brokers and do not try to get their own version of the story. It is important to understand that when you hire a public adjuster, you are not handing over your complete responsibility to that individual. You are giving them permission to handle your claims and negotiate with the other party. It is for you to decide whether or not you want that person to make you the entire payment for their work.
When looking for a good public adjuster, it is important that you find one that belongs to an organization that has a reputation for fair practices and strong integrity. A good association would have an independent inspector who goes around ensuring that this happens. These inspectors will go to the scenes whenever there is a claim and carry out a detailed review of the events that led to the insurance company being asked to pay out. This will ensure that you have the best chance of getting compensation. Check out this post that has expounded on the topic: https://en.wikipedia.org/wiki/Claims_adjuster.