Public Adjusters work on commission….a percentage of the settlement. The only way to make an insured “whole” following a loss, is to inflate the damages to cover the commission. If an accurate assessment was made, the insured would not be made “whole”, and would have to bear the cost of the PA. Having worked in claims for over 30 years and dealt with many PA’s, I can tell you they delay the settlement process and inflate costs.
The allegation that a company claims adjuster won’t treat an insured fairly is insulting to all claims professionals. It’s the kind of mindless allegation made by PA’s and personal injury attorneys. Like they’ll be more effective? I doubt it. I have worked with several regional and national insurance carries and have NEVER been asked to low ball any claims settlement.
Sure the Public Adjuster works on a commission but please answer this; how can a PA or anyone get an insurance company to pay MORE than a claim is worth? Also, if the company paid the right amount on all losses WHY then do PAs exist in the first place?
Check with your state DOI to see who more complaints have been filed against, insurance companies or PAs.
Maybe you’ve never been asked to write a low estimate Sam, but I ask you; Who determines what software you use when writing your estimates? If you do, then do you ever change any of the lowball prices those programs have imbedded in them to reflect real life prices?
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crazy, how can state do that to it’s citizens!
Anyone have any input? This is the first I’ve heard of this.
FOLLOW THE MONEY!!!
IN SOME STATES WHERE THE CITIZENS ARE NOT PAYING ATTENTION TO WHAT THE POLITICIANS ARE DOING, THEY GET THE LAWS AND THE GOVERNMENT THEY DESERVE.
Public Adjusters work on commission….a percentage of the settlement. The only way to make an insured “whole” following a loss, is to inflate the damages to cover the commission. If an accurate assessment was made, the insured would not be made “whole”, and would have to bear the cost of the PA. Having worked in claims for over 30 years and dealt with many PA’s, I can tell you they delay the settlement process and inflate costs.
The allegation that a company claims adjuster won’t treat an insured fairly is insulting to all claims professionals. It’s the kind of mindless allegation made by PA’s and personal injury attorneys. Like they’ll be more effective? I doubt it. I have worked with several regional and national insurance carries and have NEVER been asked to low ball any claims settlement.
Sure the Public Adjuster works on a commission but please answer this; how can a PA or anyone get an insurance company to pay MORE than a claim is worth? Also, if the company paid the right amount on all losses WHY then do PAs exist in the first place?
Check with your state DOI to see who more complaints have been filed against, insurance companies or PAs.
Maybe you’ve never been asked to write a low estimate Sam, but I ask you; Who determines what software you use when writing your estimates? If you do, then do you ever change any of the lowball prices those programs have imbedded in them to reflect real life prices?
Think about it Sam