A public adjuster is an insurance expert who inspects your property damage, evaluates the cost of the repairs, prepares your property damage claim and files it with your insurance company. Public insurance adjusters are licensed, bonded and regulated by the Florida Department of Financial Services (DFS). Unlike other types of insurance adjusters, public adjusters may only work for the public and not for insurance companies. They represent the needs of the insured (homeowners and business owners).
How do public adjusters get paid for their services?
A public insurance adjusters’ fee is a small percentage of the amount paid by the insurance company. These fees are regulated by the Florida Department of Financial Services. If the insurance company does not issue payment, you pay nothing to the adjuster. Their services are contingent on settlement.
If a public adjuster takes a percentage fee from the insurance settlement, how will I afford the repairs?
A public insurance adjuster works to get you a higher settlement by providing a very detailed inventory of your property damage and by filing a detailed claim. The insurance companies often miss many components that make up a claim. It is the public adjusters job to correctly identify all damages and provide a meticulous cost analysis. Public adjusters typically collect two to three times the normal settlement.
Why should I retain a public adjusters' services?
If you rely solely on the insurance company to adjust, estimate, and pay your entire insurance claim, then you are entrusting them to analyze all coverage's in your policy and extend maximum payment. You may want to ask yourself, is it in my insurance company's best interest to pay me the maximum amount under my policies conditions? Mistakes or omissions can quickly add up to thousands of dollars of lost payment.
When should I hire a public adjuster?
You should hire a public adjuster immediately. The most critical time in the claims process is the beginning. All the visible damage needs to be identified promptly. Insurance companies set reserves (a payment value) for claims. These values provide a budget and are very difficult to overcome. Mistakes or omissions can cost you thousands. A public adjusters job is to make sure nothing is left out. Please follow the link to hear an attorney's view from Merlin Law Group: http://youtu.be/FlF3PufxRKs
I have already called my insurance company and I am not satisfied with the settlement, is it too late to hire a public adjuster?
No, it's not too late. Supplemental (additional) payments may still be possible, but there can be limitations involved. Act now and call us today for a free no obligation consultation. We may still be able to help.
What qualifications are required for insurance company adjusters (6-20 All Lines)?
The Florida Department of Financial Services requires the following for new adjusters:
must be at least 18 years old.
must be a resident of the state of Florida.
must be a US citizen or legal alien with a work authorization from INS.
must receive an insurance designation or pass a test
must be fingerprinted
must apply and pay fees
then print license
So the adjuster from the insurance company doesn't need any related experience in construction or insurance, they just simply need to pass a test or obtain a designation.
How do you know the insurance company's adjuster is qualified to handle my claim?
You have no control who the insurance company sends out to you adjust your claim. You either trust the insurance company to scope and identify all damages, or hire a public adjuster.
What are the qualifications does the owner/operator have at Mark Ryan Claims Adjusting?
Retains a 3-20 All Lines Public Adjusting License# W053837 as well as a State Certified Residential License# CRC1330668 and a State Certified Roofing License# CCC1330393.
IICRC Water Damage Restoration #209112 (Institute of Inspection Cleaning and Restoration Certification)