13 Apr What Does a Boca Raton Public Adjuster Do?
If you are a Boca Raton home, boat, or yacht owner, it is smart to have a positive relationship with a local Boca Raton Public Adjuster. In the event of an accident or an act of god that damages your property, you will need to file a claim with your insurance company. However, insurance companies will do everything possible not to pay you for your claim. The best Boca Raton Public Insurance Adjusters will fight for you to get the maximum settlement you deserve.
Public Adjusters Licenses
Florida is among the 44 U.S. states that regulate licensed public adjusters. The National Association of Insurance Commissioners governs the required qualifications and procedures for becoming a licensed public adjuster. A public adjuster is simply a person who acts on behalf of an insured party. Licenses are state issued and only allow adjusters to practice in the state where the license was issued. Most commonly, public adjusters represent clients regarding claims on a property such as homes or commercial buildings.
Responsibilities of Public Adjusters
A property owner can hire a public adjuster to handle their entire claim process, from documentation to filing and expedite. Bringing in a public adjuster allows the owner to remove themselves from what can be a tedious and frustrating process of dealing with a large insurance corporation and their processes. Common responsibilities of public adjusters include:
- Examine the existing insurance policy to determine available coverage and what should be covered by an insurance claim
- Researching and details the damage sustained to the subject property, its contents, and any additional expenses.
- Calculate and losses due to business interruption
- Determine the value the property loss or cost to repair damages
- Compile all documentation and prepare support for the claim on behalf of the client
- Negotiate settlements on behalf of the insured party
- Represent insured parties when appealing claims based on discrepancies found following a settlement.
Public Adjuster Fees
The fees a public adjuster charges are more commonly determined based on a percentage of the claim settlement. The cost of the public adjuster and usually offset but and increase settlement amount that they secure for you.
When to Hire a Public Adjuster
In the event of a loss or damage to your property, it is best to bring a public adjuster on board right away. Insurance companies have their own adjusters that visit the policyholder to gather as much information as possible about the damage and search for any incomplete, conflicting, incorrect details. Anything they find can cause the settlement amount to go down. They can also assist with negotiations or with filing an appeal if a settlement is reached based on discrepancies.
If you recently suffered property loss or damage to a home, boat, or yacht located in Palm Beach County due to an accident or an act of nature, then you need to file an insurance claim as quickly as possible. Before you get too far into the claims process, look into hiring a Boca Raton public adjuster. Adjusters will oversee the whole claims process for you, documenting every detail and communicating with the insurance company on your behalf. They will handle the negotiations and work hard to get you the maximum settlement possible. At Reliant Public Adjusters, we are experienced in representing clients on both homeowners insurance and marine insurance claims.