A public insurance adjuster is an independent professional who acts on behalf of the policyholder. Like a claims adjuster, a public appraiser will evaluate the damage to your property, help determine the extent of the repairs, and evaluate the replacement value of those repairs. The landlord employs a public appraiser. The landlord also pays them, usually a percentage of the claim amount.
A landlord may decide to hire a public appraiser if they have a potentially significant claim and are concerned that everything is covered. If you have problems with your insurance company or if your personal or professional situation makes it difficult for you to manage all the details, you can hire a claims assistance professional. In most parts of the U.S. UU.
Today, you can hire an authorized public appraiser at a “contingent” (percentage) fee who will handle the processing of your claim and negotiate a settlement on your behalf. A public adjuster is a claims professional who can hire to represent you when documenting and negotiating your insurance claim. A public appraiser works only for policyholders, not for insurers. A public appraiser is an independent insurance professional that a policyholder can hire to help resolve an insurance claim on their behalf.
For example, if the claim is resolved and additional damage is discovered during repairs, you may want to hire a public adjuster to assess the total cost. Generally, a public adjuster will charge a percentage of what the policyholder's insurance company ultimately pays for a claim. A public appraiser can help you analyze your options and explain what your policy covers. A public insurance adjuster works with policyholders to help them obtain a fair settlement of an insurance company's claim after a loss.
Policyholders should be aware that they are claiming the right amount and hiring a public appraiser can help guarantee this. Your public adjuster will evaluate the damages, determine an estimate of the cost, and even negotiate with your insurance company on your behalf. Public appraisers can help you read your policy for you, explain it in simple terms, organize the process, and document your losses and needs. Public appraisers can charge between 5% and 20% of their final settlement, depending on the amount of work involved and the complexity of the claim.
For example, if a tree falls on your house and causes damage to the roof and structure, you can seek the help of a public insurance adjuster in exchange for a fee. It's great to know that public adjusters advocate and negotiate on your behalf so you don't have to worry about it on your own. Good insurance adjusters often rely on word-of-mouth recommendations for new businesses, so if you know a good public appraiser, tell a friend. Many public appraisers work on a contingent basis, meaning they aren't paid until a deal is reached.
If you're in the process of filing a claim with your insurance company, it may be worth hiring a public appraiser. Especially after a major natural disaster, watch out for scammers or people posing as public appraisers. If you have the time, energy, and ability to evaluate and catalog your losses, assess the cost of returning your property to the state it was in before the loss, and you can carefully read your policy to understand your rights and obligations, you may not need a public appraiser.