What Is A Public Adjuster?
A public adjuster is licensed, educated and trained in the policy coverage and state regulations and statutes that guide claims handling entitlements of the policyholder in first party property damage claims. Public adjusters work exclusively for the Insured in an effort to achieve a full financial recovery. Public adjusters, also known as PA's are required to pass stringent certification examinations and attain surety bonds before the Department of Insurance will grant a license. Many states also dictate continuing education requirements be met to maintain licensing. Public Adjusters and attorneys are the only professions allowed by law to represent the insured.
Why Is A Public Adjuster Different From An Adjuster Sent From The Insurance Company?
A Public Adjuster s employed and paid by the policyholder. Their fiduciary responsibility and duty is to the policyholder. Adjusters and other experts employed and/or retained by the insurance company work in the best interest of the insurance company, accordingly their responsibility and duty must be to their principle.
Why Should I Retain A Public Adjuster?
Public Adjusters are professionals and are experienced in the claims process. They can minimize the hassle that comes with collecting documents and evidence while negotiating a settlement with the insurance company. The adjuster will file all your pertinent paperwork with the insurance company, arrange for the inspections of your damaged property if needed, and then negotiatewith the insurance company if they refuse to pay your claim in full.
What Is the Cost To Retain The Services of LRG-Loss Recovery Group?
There are no upfront costs. LRG takes a small percentage of the final settlement. We don't get paid unless and until you get paid. It is in everyone's best interest that your claim gets settled quickly and for the maximum amount possible under the terms of your policy.
How Does A PA Determine the Insured's Actual Loss?
A Public Adjuster will will take physical inventory, obtain all pertinent appraisals, and confirm that all provisions of the insured's policy have been considered.The process involves numerous steps that the inexperienced insured is not aware of. All of these steps will significantly impact the final settlement.