When you experience damage to your home or commercial property, you may have to file a claim with the insurance company. If this is your first encounter with your insurance, you may be under the impression that they will do everything in their power to get you the best and quickest payout. However, once the damage has occurred, you may discover that this is not always the case, particularly if you are dealing with extensive damage and the amount you expect to receive is large. You may receive a low offer which will be insufficient to cover your needs, and you may be under the impression that this is your only alternative. So, you might think that you better say yes as soon as possible and accept whatever is offered.
However, if you rely on what your insurance company offers, you may be leaving a considerable amount of money on the table. This is where a public adjuster comes in. They represent you and fight on your behalf, negotiate with the insurance company, and get you the compensation you deserve.
If you are dealing with losses and have spent countless hours on the phone with your insurance, you may be frustrated and not know which way to turn. You may also not want to consider the services offered by a public adjuster because you believe they will charge you money that you don't have or is going towards your medical recovery. If this is the case, read on to learn more about how public adjusters get paid and make the right decision when moving forward with your claim.
How do public adjusters get paid?
The first point you need to know about is that public adjusters do not get paid until you do. Once they conclude the negotiations and get you a fair settlement, your public adjuster will receive a percentage of the proceeds agreed upon when you hired them.
In general, the percentage will be based on the reason for your claim, the damage assessment, the geographical location of the property since legal provisions vary from state to state, and the settlement you receive.
This means your public adjuster will be motivated to get you as much money as possible since this will translate into a higher figure for them as well.
What advantages do public adjusters offer?
Studies have shown that claims handled by insurance adjusters result in payouts that can be considerably higher than those homeowners are able to get on their own. This may be because insurance companies know that when a public adjuster becomes part of the picture, there is a professional on the homeowner's side that understands the law and has the necessary negotiating skills.
Your public adjuster may also offer you a free policy review, whether you have a residential or commercial policy. They will also help you every step of the way, from the moment the claim is filed to whenever the funds come in. Hope Public Adjusters recommends you take the time to find a public adjuster you can rely on to help take the load off your shoulders and get the results you expect.
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