When a disaster hits the policyholder needs his agent and a company adjuster. The old myth that you shouldn’t trust a company adjuster is nonsense. I’ve been in this business for 40 years and have never experienced an adjuster cheating a policyholder. Most good adjusters are trained to look for coverage.
On the other hand, public adjusters need to create their own value. Consider this example. Say a storm causes $10,000 in damage and the insured has a $1,000 deductible. If a company adjuster makes the payment, the insured gets $9,000 towards the damages. If a PA gets in between the insured and the comany adjuster, the PA has to inflate the damages by at least 20% (his fee)just for the insured to get the same amount. If he doesn’t find a way to inflate the loss, the insured ends up paying the 20% ($2,000) plus the deductible. The net recovery is $7,000.
In a disaster the most that PA can charge is 10% you should now better .
here again my friend you insurance adjuster in buisness for 40 years don’t tell the true.
Because adjuster like you we need PA.
I don’t know what backwoods place you live in, but PA rates differ across the country. And it would be nice if you’d learn how to talk. Your grammar sucks. That’s probably why you’re a PA.
With increase returns on claims by 700% suggests that I as an
average Joe policy holder end up paying for others claims that
are not fair. Thus we as policy holders have to pay more for insurance each year at our expense. This is unfair enrichment
to the PA and their clients.
I have never had a homeowners claim – why should I have to
pay for others benefit.
One other element is that every policy holder in Florida contributes to the bank of Citizens Insurance and we as a
policy holder have NO INSURANCE with CITIZENS Insurance.
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When a disaster hits the policyholder needs his agent and a company adjuster. The old myth that you shouldn’t trust a company adjuster is nonsense. I’ve been in this business for 40 years and have never experienced an adjuster cheating a policyholder. Most good adjusters are trained to look for coverage.
On the other hand, public adjusters need to create their own value. Consider this example. Say a storm causes $10,000 in damage and the insured has a $1,000 deductible. If a company adjuster makes the payment, the insured gets $9,000 towards the damages. If a PA gets in between the insured and the comany adjuster, the PA has to inflate the damages by at least 20% (his fee)just for the insured to get the same amount. If he doesn’t find a way to inflate the loss, the insured ends up paying the 20% ($2,000) plus the deductible. The net recovery is $7,000.
In a disaster the most that PA can charge is 10% you should now better .
here again my friend you insurance adjuster in buisness for 40 years don’t tell the true.
Because adjuster like you we need PA.
Eddie,
I don’t know what backwoods place you live in, but PA rates differ across the country. And it would be nice if you’d learn how to talk. Your grammar sucks. That’s probably why you’re a PA.
With increase returns on claims by 700% suggests that I as an
average Joe policy holder end up paying for others claims that
are not fair. Thus we as policy holders have to pay more for insurance each year at our expense. This is unfair enrichment
to the PA and their clients.
I have never had a homeowners claim – why should I have to
pay for others benefit.
One other element is that every policy holder in Florida contributes to the bank of Citizens Insurance and we as a
policy holder have NO INSURANCE with CITIZENS Insurance.