Why Hire a Public Adjuster?
Homeowners hire public adjusters for many reasons. Typically, the larger the loss, the greater the need for the advice of a skilled public adjuster. It is important to retain someone with decades of experience acting as an adjuster for your particular type of loss. This is not always the case, which is why bringing in a public adjuster to act as an advocate on your behalf is essential.
“Insurance companies are reputable businesses, but they are only as good as the field adjuster looking at your claim,” says George Skidis, public adjuster.
Some people hire a public adjuster just for the simplicity of the transaction. A public adjuster can walk you through the process every step of the way, and advise you on how the process works.
How to Find a Good Public Adjuster
The FAPIA website is an excellent starting point to identify a skilled public adjuster in Florida. The organization requires members to be licensed and meet high ethical standards.
George Skidis reminds homeowners to, “Keep in mind that having a license alone is not a guarantee you are hiring the best”.
One of the best ways to identify a skilled public adjuster is through word of mouth. Check ratings online, call references, and contact people who the public adjuster has served in the past. Also, check with your state’s department of insurance to ensure there are no current complaints pending.
Does it Pay Off to Hire a Public Adjuster?
The short answer is yes. According to an article from Bankrate.com, “A study conducted in Florida, which analyzed claims at one insurance company in 2008 and 2009, shows policyholders who hired public adjusters generally received higher settlements than those who didn’t hire public adjusters. According to the study, the typical settlement to those who had the help of a public adjuster was about $22,266, compared to $18,659” which is 19% more than not hiring a public adjuster.
Public adjusters usually charge 10% of the payment from the insurance company. Financially (and in simplicity), in most cases, hiring a public adjuster makes sense.