Public adjusters examine policy coverage, assess property (structural, contents, etc.) damage and estimate all loss claim values per a particular region, for a predetermined fee based on the amount of recovery they helped to establish above and beyond any already offered by an insurer.
They meet with insurance company adjusters, and/or others to help their clients to be properly, ethically and legally indemnified.
Per what law allows, they may have an hourly rate, flat rate, sliding scale rate, percentage rate, or other / combination method of being compensated.
__________
Home and business oweners may want/need a (credible) contractor to review external and internal damage of their structures, with an insurance adjuster, and/or the adjusters associates.
Credible, knowledgeable and experienced contractors and engineers, who understand immediate and post-catastrophe (wind, hail, earthquake, fire, etc.) effects* to structural components, can help both the property owner and adjuster reach good solid conclusions as to how real property needs to be repaired, or replace. (Restored)
Too, various wind load issues (downbursts, microbursts, straight-line, sustained, gusts, twirling, updrafts, structure type, structure location, structure position, surrounding structures affect on a structure, etc.)
___
Contactors and adjusters discussing damaged property, sound reconstruction procedures, and a fair non-catastrophe / post catastrophe market cost valuation, (which leaves ALL construction dollars on the table) is a very different process, and cost benefit, verses \’public adjusting\’ business practices.
Credible public adjusters can provide thorough and honest service, but the credible (primary or specialty) contractor may be the best reconstruction expert, and cost valued approach, when compared to public adjusters and/or attorneys loss claim resolution protocols, and contingency fee factors.
In short, contractors do not try to \”adjust\” claims, explain coverage, seek a percentage of the recovery, and then are done.
They can be the best practical start-to-finish valued approach for both policyholder, and adjuster, to utilize.
I am a Public Adjuster, and I am curious as to what the State considers Public Adjusting. From my understanding, the only persons allowed to negotiate an Insurance claim is the policyholder or a \’licensed\’ Public Adjuster. I truly respect the knowledge that all contractors possess, but in my opinion, the State is allowing them to do our job.
Public Adjusters just inflame prices and claims in order to rip the insurance companies off. I am glad that this person was caught in his lies, it is regretful the \”licenced\” public adjusters continue to add toward the increases in everyones premium by claiming undamaged items and inflaming estimate from what they really are. A stop to public adjusters must me made period!
I am also a reputable, licensed, bonded and experienced public insurance adjuster. Contractors are not familiar with policy language and legal interpretations of coverage issues. It is not their job to be familiar with these things. It is the job of an experienced public insurance adjuster to properly estimate damages – on the whole – not just a roof or drywall. We look at the big picture including code requirements and present the whole loss to the companies. We negotiate and represent the insureds for the total loss value and often get our fees included as part of settlement agreements. Particularly when the carrier has acted in bad faith – which is not always, but is more often than it should be.
Our firm has performed valuable services to the thousands of individuals we have represented. The suggestion that public adjusters \”get paid for damage that doesn\’t exist\” is ridiculous. No insurance carrier would pay for damage that doesn\’t exist. We just bring the damages that they\’ve missed and that the insured is entitled to to their attention. A good public insurance adjuster becomes extremely proficient in matters of construction. Without doing so, it would be difficult to do one\’s job.
Contractors are not looking out for the insured\’s. They are understandably looking out for their business. And since their business is to get \”the job\” from the insured – it is a conflict of interest for them to be \”representing\” an insured. Do you represent yourself? or do you represent the insured? You can\’t do both.
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Public adjusters examine policy coverage, assess property (structural, contents, etc.) damage and estimate all loss claim values per a particular region, for a predetermined fee based on the amount of recovery they helped to establish above and beyond any already offered by an insurer.
They meet with insurance company adjusters, and/or others to help their clients to be properly, ethically and legally indemnified.
Per what law allows, they may have an hourly rate, flat rate, sliding scale rate, percentage rate, or other / combination method of being compensated.
__________
Home and business oweners may want/need a (credible) contractor to review external and internal damage of their structures, with an insurance adjuster, and/or the adjusters associates.
Credible, knowledgeable and experienced contractors and engineers, who understand immediate and post-catastrophe (wind, hail, earthquake, fire, etc.) effects* to structural components, can help both the property owner and adjuster reach good solid conclusions as to how real property needs to be repaired, or replace. (Restored)
*Micro-fracturing, tension bending, acoustic resonance, structrual racking, roofing material/structural ballooning, latent damage, residual damage, seawater intrusion/corrosion, cathodic protection, IR-infrared inspections, water/ saltwater exposed electrical components, etc. environmental issues.
Too, various wind load issues (downbursts, microbursts, straight-line, sustained, gusts, twirling, updrafts, structure type, structure location, structure position, surrounding structures affect on a structure, etc.)
___
Contactors and adjusters discussing damaged property, sound reconstruction procedures, and a fair non-catastrophe / post catastrophe market cost valuation, (which leaves ALL construction dollars on the table) is a very different process, and cost benefit, verses \’public adjusting\’ business practices.
Credible public adjusters can provide thorough and honest service, but the credible (primary or specialty) contractor may be the best reconstruction expert, and cost valued approach, when compared to public adjusters and/or attorneys loss claim resolution protocols, and contingency fee factors.
In short, contractors do not try to \”adjust\” claims, explain coverage, seek a percentage of the recovery, and then are done.
They can be the best practical start-to-finish valued approach for both policyholder, and adjuster, to utilize.
thank you for your simplicity in answer to the question! i am a newbee in the insurance industry.
Hello,
I am a Public Adjuster, and I am curious as to what the State considers Public Adjusting. From my understanding, the only persons allowed to negotiate an Insurance claim is the policyholder or a \’licensed\’ Public Adjuster. I truly respect the knowledge that all contractors possess, but in my opinion, the State is allowing them to do our job.
Public Adjusters just inflame prices and claims in order to rip the insurance companies off. I am glad that this person was caught in his lies, it is regretful the \”licenced\” public adjusters continue to add toward the increases in everyones premium by claiming undamaged items and inflaming estimate from what they really are. A stop to public adjusters must me made period!
I am also a reputable, licensed, bonded and experienced public insurance adjuster. Contractors are not familiar with policy language and legal interpretations of coverage issues. It is not their job to be familiar with these things. It is the job of an experienced public insurance adjuster to properly estimate damages – on the whole – not just a roof or drywall. We look at the big picture including code requirements and present the whole loss to the companies. We negotiate and represent the insureds for the total loss value and often get our fees included as part of settlement agreements. Particularly when the carrier has acted in bad faith – which is not always, but is more often than it should be.
Our firm has performed valuable services to the thousands of individuals we have represented. The suggestion that public adjusters \”get paid for damage that doesn\’t exist\” is ridiculous. No insurance carrier would pay for damage that doesn\’t exist. We just bring the damages that they\’ve missed and that the insured is entitled to to their attention. A good public insurance adjuster becomes extremely proficient in matters of construction. Without doing so, it would be difficult to do one\’s job.
Contractors are not looking out for the insured\’s. They are understandably looking out for their business. And since their business is to get \”the job\” from the insured – it is a conflict of interest for them to be \”representing\” an insured. Do you represent yourself? or do you represent the insured? You can\’t do both.
Contractors