Homeowners, businesses, and contractors that experience property loss or damage can find themselves in a very nerve-wracking situation. During that time, even the most efficient family or business can feel overwhelmed with the burdens and requirements placed on them. Moreover, getting insurance companies to compensate you properly can be quite tricky since they are known to employ several tactics to avoid paying what you rightfully deserve after an accident.
What is a Public Adjuster?
A public adjuster is an insurance specialist that works independently. A person holding the policy can hire to help settle an insurance claim on their behalf. It is important to note that the monetary interest of an insurance company is best served by convincing policyholders to settle for the lowest compensation possible. On the other hand, the monetary interest of a public adjuster is directly associated with the interests of policyholders to receive fair and full compensation on insurance claims.
Should you hire a Public Adjuster?
If you are confused about whether to hire a public adjuster, the following reasons will help you decide.
Maximize the Settlement
Adjusters provided by your insurance company will work to maximize your insurer’s financial interest. They come to assess the damage that needs to be reported for the insurance claim. While they appear to be sorry for your loss, they are simultaneously looking for ways to minimize the overall value of the insurance claim.
On the other hand, a public adjuster will work to maximize the value of money you will receive for your claim. They know the worth of your damages and what can be added to the claim to increase your compensation and eliminate or minimize out-of-pocket costs. This could make a massive difference in the total amount you receive from your insurance company.
Benefit from Education and Experience
Likely, your insurance agent may not know everything about your insurance policy, the local laws for insurance claims, and the tactful art of handling the insurance claim to maximize your final settlement. However, a public adjuster will have the relevant qualification, training, and experience they use to help you secure a larger settlement. Always have a copy of the insurance policy to protect yourself from unfair treatment.
Take Stress Away from the Process
Property loss or damage can bring a ton of stress. This can result in mistakes when filing for an insurance claim or force you to settle for a meager amount just to be done with the entire process. When you work with a public adjuster, they will be devoid of emotional attachment to your home and can focus all their energy and expertise on helping you get a fair insurance payout.
Final Thoughts
As a contractor, you should hire a public adjuster if you feel like your insurance payout was unfair, if you are too stressed to take care of the legalities, if you are unsure of what’s covered under the policy, or if you have doubts about whether your insurance company adjuster was thorough enough. Insurance companies are not always transparent about their policies, but Prestige can help you get the compensation you deserve.