What is a Public Insurance Adjuster?

What is a Public Insurance Adjuster

A public insurance adjuster is a state-licensed insurance professional who intermediates between the insurance company and its policyholders by submitting unambiguous, well-interpreted and straight-forward policies on behalf of the policy holder to get a sizeable claim against losses.

The adjuster settles claims on behalf of the claimant, hoping to compensate him or her with the best possible financial result. As an advocate for the claimant, the adjuster does paperwork, processing and submitting claims. An insurance adjuster works for the claimant– not the insurance company.

What are some examples of claimants? You could be a business owner seeking damages from a fire that devastated your office/warehouse… or you could be a worried homeowner who lost your belongings, or experienced problems like structural damage to your roof after a storm.

When problems occur, public insurance adjusters are the ones with the ability to interpret ambiguous insurance policies. Furthermore, adjusters work toward increasing the settlement value of the covered loss. Most of the times, public insurance adjusters charge a percentage of the settlement.

Some people seek the help of public insurance adjusters to present their claim with conviction because the adjuster has expertise they don’t possess. This could be due to their education level, age, or physical impairment, or just the fact that they don’t know enough about insurance claims but want the best result possible. Public adjusters also help people figure out covered and uncovered items in the policy. With the help of insurance carriers, they can draw up a final settlement.

Public Insurance Adjusters use their experience and expertise to ensure a claim is properly handled. For their clients, they want to obtain a favorable outcome while also striving to maximize the client’s reimbursement.

Basically, the public adjuster is a representative of the policyholder who advises, manages and submits a claim to the policyholders insurance company.

Public Adjusters are also called private adjusters, public claims adjusters, private claims adjusters, public loss adjusters and public insurance adjusters.

In the industry, a majority of public adjusters used to work for an insurance company– and then became private adjusters. They learned the tricks of the trade while working for an insurance company. Utilizing the experience they gained at their previous job, they decided to start representing the public. This helps because they know how insurance companies work– how they try to downsize the insurance claims. Public adjusters, therefore, are ready for the “fight” on behalf of the person or people they represent.

Your insurance company has its own team of adjusters whose main role in the company is to protect the bottom line of the insurance company. They have one function which is cut out for them– they seek to pay the least claim-money entitled to the policy holder in the event of a loss. The insurance company will try to pay only the amount they are legally obligated to pay. So, you can consider yourself lucky to have a public adjuster who fights on your side– someone who will voice your concerns with expertise and get a decent settlement to your claims.