Does it Make Sense to Pursue an Insurance Claim with a Public Adjuster?

Filing a homeowner insurance claim or business claim often involves processes and procedures that are unfamiliar and complex. This, in addition to excessive demands of time required with filing a claim, will cause claimants to consider if hiring a public adjuster will increase their claim settlement and ease the insurance claim process.

public claims adjuster negotiates an insurance policy settlement

A recent article on CNN Money about the storm damage insurance claim process and public adjusters confirmed that considering a public adjuster could be the right decision in certain situations.

While most other states allow claimants to engage their own insurance adjuster to help document and negotiate property insurance claims, there are situations when it doesn’t make financial or practical sense to hiring a public adjuster.

When to Avoid Hiring A Public Adjuster

A public adjuster can be engaged for different types of claims such in areas such as water damage, fire, storm damage etc. Here are a few scenarios when it would not make financial sense to hire a public adjuster regardless of the type of claim filed:

  • If the property insurance claim is valued at less than $20,000.
  • If the insurance company has fully accepted liability of the claim.
  • If the claimant has sufficient time daily to delegate towards the proper management of the claim.
  • If the insurance claim process is progressing at a quick and acceptable pace.

As with any hired professional, it’s important to thoroughly consider all potential public adjuster candidates. A reputable pubic adjuster will not make any financial promises without reviewing your insurance policy and damage estimates. He or she should also offer to review claim documents and meet with potential clients free of charge.