A public appraiser is any person, firm, association, or corporation that acts on behalf of an insured person when negotiating the resolution of a claim or claims for loss or damage to the insured's property. The minimum education required to become a public insurance adjuster is a high school diploma or equivalent (GED). Since the job requires such detailed technical knowledge and the ability to communicate that knowledge convincingly, it is advisable to obtain a university degree if possible. Having a university degree will also help build trust in potential customers, which will result in more contracts and a higher salary.
Idaho issues public appraiser licenses to individuals and agencies, residents and non-residents. In addition to attorneys and the registrant, public appraisers are the only type of claims adjuster who can legally represent the rights of an insured person during an insurance claim process. Renewal requirements and fees vary by state, but all states require public appraisers to complete 24 hours of continuing education during each two-year period. Acquiring the skills needed to become a public adjuster is a challenge, but the process itself doesn't have to be complicated.
While these are the minimum requirements to become a licensed public appraiser, those wishing to enter the industry may need more than these to be hired by a client or adjustment company. If you like helping people and have an eye for detail, becoming a public adjuster could be a great career for you. Solicit business directly or indirectly, investigates or adjusts losses, or advises an insured person on first-party claims for losses or damages arising from insurance policies that insure real or personal property for another person engaged in the business of adjusting losses or damages covered by an insurance policy, for the insured. Many public appraisers also travel to the sites of recent disasters to make themselves available to policyholders after the event.
However, while a claims adjuster works for the insurance company to avoid overpaying for a claim, the public adjuster's goal is to obtain as much money as possible for his client. If the public appraiser's license was not renewed before the expiration date, the license will need to be reinstated. Independent resident appraisers and DHS-Idaho adjusters must complete 24 hours of continuing education (CE) credits approved by the Department during each license period. Bonds are a particularly important requirement that many state governments place on public adjusters.
Coastal states, as well as those prone to tornadoes, wildfires and earthquakes, tend to have a greater demand for public adjustment services. But for those who invest this effort, adapting to the public is an incredibly rewarding profession that offers an active daily lifestyle, great work flexibility, interesting daily challenges and the opportunity to learn new things in every case that arises. The content of each state's test varies, but every potential public adjuster needs a solid basic knowledge of some key insurance basics. Public adjusters (both individuals and agencies) have a duty to report any criminal or administrative action to the Idaho Department of Insurance within 30 days under sections 41-5819.