Do You Want to Maximize Your Property Claims Settlements?
A Public Insurance Adjuster (PA) is an insurance professional who advises; assists and advocates for homeowners, business owners and commercial property owners to help them maximize property claim damage settlements. In a nutshell insurance claims adjusters represent the insurance companies while Public Adjusters represent the interest of the public, helping the public receive all that is coming to them in a property damage settlement.
PA’s are recognized in 49 states. The only state that does not recognize these insurance professionals is Alabama which requires an attorney to represent policyholders in the event of a claim dispute. As such Public Adjusters are lawyer like while not being attorneys or giving legal advice, they advise claimants as to the rights and coverage’s of the contract that we commonly call an insurance policy.
Why Use a Public Adjuster
There are several reasons a policyholder would hire the professional services when they have a claim. The most important reason is the knowledge that insiders turned critics have cited that companies pay twenty-five (25%) to forty (40%) of what they would to a claimant that has professional representation. Even more telling was the study done by the Florida Legislature on its State Run Citizens Property Insurance Corporation that showed from Five Hundred and Seventy Four percent (574%) to Seven Hundred and Forty Seven percent (747%) increase in average settlements when represented by PA’s.
Secondly, policyholders do not know the technical terms or the acceptable practices in determining the proof of loss and the cost to indemnify them. For example, depending on the level of coverage a client has they maybe due for full replacement value bringing them to the state prior to a claim. This may mean replacing an entire floor when one has a chipped ceramic tile floor, a curved hardwood floor or even a wet carpet. They also do not understand the burden of proof of loss is own them not the insurance company. Therefore they often will ask for or settle for less because they do not understand the full scope of the damage or fully know what is necessary to bring them to pre-loss condition.
Additionally, a good Public Adjustment Company has the experience, the training and the expertise: to determine coverage and limitations; ensure policy conditions are met; prepare damage estimates detailing quantity, description and replacement cost value of the loss of ensure their clients are adequately represented in the event of a claim. Common sense tells us that companies are not trying to pay maximum settlements, so they will always offer settlements in their best interest.
Public Adjustment Firms are Lawyer Like
We have all watched enough television to know that attorneys do not want their clients to discuss their cases to the opposition or for public record anywhere. The reason is that if they say the wrong thing (not understanding what certain things technically mean) then they jeopardize the positive result of their legal battle. An insurance policy is a contract that requires professional representation to ensure your legal and stated rights are protected when one files a claim. Who would go to court, sue someone and then let the opposition’s attorney determine how much you would receive as a result of your lawsuit. In essence this is what one does when they allow the insurance company to determine how much you get in a property claim settlement.
A Public Insurance Adjuster represents your best interest and will legally maximizes their clients property claim damage settlements.