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Difference between a public adjuster and an insurance adjuster

Sep 8

Proper insurance coverage is required by law if you have property. Many policyholders do not enjoy paying the premium associated with their insurance policies. These costs can quickly add up over time and can be pretty expensive. You can save money or use the premiums over time, but you have peace of mind knowing that your property will be covered in case of an accident. 

What if the insurance company you thought would protect you in case of disaster doesn't always have your best interests at heart as they assess your damages and calculate your settlement amount? This article will discuss the differences between an Adjuster who works through insurance companies and a Public Adjuster.

The insurance industry has a well-kept secret that very few policyholders know. This is because the company's insurance adjuster sent to you doesn't work for your benefit. It's unfortunate, but it's a fact. Many policyholders only realize this when they need to file an insurance claim. Remember that the insurance company hired and paid the claim adjuster who will handle your injury claim. 

Although the insurance adjusters might present themselves as independent adjusters, they are contracted by your insurer. Insurance companies exist to make money, so they will do everything possible to ensure you get the best payout. Two main conditions apply to the insurance adjuster:

  1. Legal obligation. This part of the coverage explains what you have agreed to pay.
  2. Assess property damage according to the terms and conditions set by the adjuster. The goal of insurance companies is to make a profit each year, pay employees and keep policyholders happy. They can't offer competitive rates if they have to pay more for claim settlements.

Many policyholders are so emotionally involved with grief and stress that they don't realize it until the insurance claim process. They settle for low payouts, which may only cover a fraction of what is owed. If policyholders are well-informed or have a good sense of what is wrong, they will do their research to find out if a public adjuster is available to assist them during the claims process.

Priorities of an insurance adjuster vs public adjuster

An insurance adjuster is an employee of the insurance company. The insurance adjuster might not be able to assess the damage or loss to your property accurately. They are expected to offer a settlement that covers your property damage. However, they could overlook potential losses, leading to future expenses.

An insurance adjuster licensed and certified will represent your interests during or after your claim. Public adjusters are responsible for ensuring you get the highest payout possible and keeping your claims process as stress-free as possible. A public adjuster is similar to an insurance adjuster. They carefully review your policy and estimate the extent of the damage. This is the only thing a public and insurance adjuster have in common.

After an extensive assessment of the damage and careful consideration of loss beyond any pre-existing damage to be considered, public adjusters begin an exhaustive investigation that includes:

  1. Comprehensive damage assessment
  2. Negotiating with your insurance company
  3. Arrange a settlement to compensate you for your entire loss.

Sometimes, the payout amount exceeds what you have stated in your policy.

What is the difference between Insurance Adjuster and Public Adjuster in final settlement amounts?

The difference in settlement can be extraordinary when a policyholder hires an experienced public adjuster. This is what we often see at Strategic Claim Consultants. Both homeowners and business owners feel relieved when they know the settlement amount. Below are some results we achieved in helping homeowners and business owners with insurance claims.

These are just a few examples of insurance companies that can overlook damages in the estimation process. Strategic Claim Consultants can help policyholders increase their claim payouts by providing expert public adjusting services, such as Strategic Claim Consultants. Our licensed team of public adjusting specialists assists with damages caused by:

  • Tornadoes
  • Earthquakes
  • Hurricanes
  • Fire
  • Flood
  • Hail
  • Lightning
  • Theft

Our goal is to improve your claim's payout, decrease frustration and speed up your restoration. Contact us today to get assistance with your insurance claim. Our team of public adjusters az experts are ready to assist you.