If you plan on submitting a large property loss claim to your insurance company, then you may wonder if you should hire a public insurance adjuster. Public insurance adjusters are very useful and beneficial under certain circumstances. While your insurance companies have their own adjusters, sometimes it's a good idea to hire a separate one on your own. Here is more information about what public insurance adjusters do and reasons why you might want to consider hiring one.
Difference Between Public and Independent Adjusters
Many people think that public insurance adjusters are the same as an independent adjuster, but this is not accurate. Here are some key differences between the two.
When your insurance company says they're hiring an independent adjuster, they mean they are hiring a contractor. Insurance companies often do that when they have a large influx of claims to work on. The independent adjuster is actually someone who is working in the insurance company's interests. They will be on their side when dealing with claims.
Public adjusters work independently of any insurance companies. While they may work for a firm, they are on your side in regard to evaluating your claim. Public insurance adjusters often work with more than one type of insurance as well. They are very knowledgeable about different types of claims and policies.
Reasons to Hire a Public Insurance Adjuster
People hire public insurance adjusters because they want to dispute their insurance company's determination of their claim. If you have any doubts about whether your company is fair, then you should consider a public insurance adjuster. A public insurance adjuster will often work with your insurance company to negotiate a settlement, if necessary. Public insurance adjusters can also help explain the more complicated parts of your policy.
Times When You Might Need an Attorney
A public insurance adjuster can work as a mediator between you and your insurance company. But they are not attorneys and cannot file a lawsuit on your behalf. Some insurance companies will not work with a public insurance adjuster, especially if they have denied your claim. That's when you may want to consider hiring an attorney, instead. An attorney can advise you of any legal action you can take and represent you in court.
Not everyone needs a public insurance adjuster. If you are on good terms with your insurance company, then you may be happy with their services. However, if you have any doubts, then consider hiring someone completely unrelated to your insurance company. For more information about what public insurance adjusters can do for you, then contact an adjuster like Anthony Ricciardi Licensed Public Insurance Adjuster for more information.
Purchasing insurance — the right insurance — is one of the smartest things you will ever do. While there are definitely differences between homeowners, car, life, and health insurance policies, they all serve the same purpose when it comes down to it. Insurance protects you against financial ruin should a tragedy happen in your life. In the case of homeowners insurance, that tragedy could be a fire or a flood. In the case of life insurance, that tragedy would be your death. The more you learn about insurance, the better the decisions you'll make when purchasing it. So dive into the articles here, and start reading.